Shearman Logo

News Aug 04, 2016

Shearman & Sterling Advises on FAGE’s $420 million High Yield Notes Offering

Shearman & Sterling advised Citigroup, as sole bookrunning manager, on FAGE's $420 million high yield notes offering. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on August 3, 2016. 
 

FAGE is a leading international dairy company with a focus on yogurt. FAGE has a significant and growing presence in the US yogurt market, growing international sales outside of the United States, and leading market positions in the Italian, UK and Greek yogurt markets. 

The Shearman & Sterling team included partner Kristen Garry (Washington, DC-Tax); counsel Mehran Massih (London-Environmental); and associates Randy Nahlé, Saif Alaqili (both London-Capital Markets) and Eric Grosshandler (New York-Tax).