Shearman & Sterling Advises on Heineken’s $1.75 Billion Bond Offering
Shearman & Sterling advised the initial purchasers, led by Barclays, Citigroup, Credit Suisse and J.P. Morgan in connection with Heineken’s offering of $1.1 billion 3.500% senior notes due 2028 and of $650 million 4.350% senior notes due 2047. This was Heineken’s first Rule 144A / Regulation S offering since 2012 and will be used to fund general corporate purposes, which may include repayment of indebtedness and/or acquisitions.
Heineken is the world's most international brewer. It is the leading developer and marketer of premium beer and cider brands. Led by the Heineken® brand, the Group has a powerful portfolio of more than 250 international, regional, local and specialty beers and ciders. Heineken is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brewing a Better World", sustainability is embedded in the business and delivers value for all stakeholders. Heineken has a well-balanced geographic footprint with leadership positions in both developed and developing markets. Heineken employs approximately 73,000 people and operate 165 breweries, malteries, cider plants and other production facilities in more than 70 countries.
The Shearman & Sterling team included partners Apostolos Gkoutzinis (London-Capital Markets), Robert Evans (New York-Capital Markets), Kristen Garry
(Washington, DC-Tax); counsel Jonathan Handyside (London-Capital Markets); and associates Robert Giannattasio, Yaw Asare (both New York-Capital Markets), Eric Grosshandler (New York-Tax) and Steven Holm (London-Capital Markets).