Shearman & Sterling represented the underwriters, for which J.P. Morgan Securities, Merrill Lynch, Pierce, Fenner & Smith Incorporated, SunTrust Robinson Humphrey and Wells Fargo Securities acted as representatives, in connection with Carlisle Companies Incorporated’s public offering of $1 billion aggregate principal amount of senior notes, consisting of $400 million of its 3.5% notes due 2024 and $600 million of its 3.75% notes due 2027.
Carlisle will use the net proceeds from the sale of the notes to repay outstanding indebtedness under its credit facility, including indebtedness incurred to fund the acquisition of Accella Performance Materials, and for general corporate purposes.
Carlisle Companies Incorporated (NYSE: CSL) is a diversified, global portfolio of niche brands and businesses with highly engineered and high-margin products. Carlisle’s markets include commercial roofing, agriculture, mining, construction, aerospace, defense, food service, healthcare, sanitary maintenance, transportation, industrial, protective coating and auto refinishing. Carlisle’s worldwide team of employees generated $3.7 billion in net sales in 2016.
The Shearman & Sterling team was led by partner Lisa Jacobs (New York–Capital Markets) and associate Robert Giannattasio (New York–Capital Markets). Other Shearman & Sterling lawyers involved in the transaction were partner Kristen Garry (Washington, DC–Tax); counsel Jason Pratt (New York–Real Estate); and associate Adam Sternberg (New York–Tax).