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News Apr 09, 2017

Shearman & Sterling Advises Anglo American on Its $1 Billion Senior Notes Offering

Shearman & Sterling advised Anglo American plc in connection with the offering of its $300 million 3.750% senior notes due 2022 and $700 million 4.750% senior notes due 2027. The notes were issued by Anglo American Capital plc and guaranteed by Anglo American plc. 

Anglo American, one of the world's largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. It is a constituent of the FTSE 100 Index. Anglo American is a global leader in the production of platinum and diamonds and has significant interests in metallurgical and thermal coal, copper and iron ore and manganese metals. 

The Shearman & Sterling team was led by partners Richard Price and Marwa Elborai; counsel Jonathan Handyside; and associate Morgan Hill (all London-Capital Markets); as well as partner James Duncan; associate Sarah Couling (both London-Finance); and associate Brian Butterwick (London-Mergers & Acquisitions). Counsel Mehran Massih (London-Environmental) advised on environmental law aspects of the transaction. Partner Kristen Garry and associate Devon Yamauchi (both Washington DC-Tax) advised on US tax aspects of the transaction, while partner Simon Letherman and associate Lois Howarth (both London-Tax) advised on UK tax aspects.