Shearman And Sterling

News

Valaris Chapter 11 Bankruptcy Cases

May 07, 2021

Shearman & Sterling represented Citibank, N.A., in its capacity as administrative agent and lender under a revolving credit agreement (the “RCF”) in connection with Valaris plc and certain of its subsidiaries’ chapter 11 bankruptcy cases.

News

Consolis Group's €300 Million Notes Offering

May 07, 2021

Shearman & Sterling represented BNP Paribas, Crédit Agricole Corporate and Investment Bank, Natixis, Nordea Bank Abp and Société Générale as initial purchasers in connection with Consolis Group S.A.S.'s €300 million offering of 5.750% senior secured notes due 2026 by Compact Bidco B.V. 

News

$935 Million Financing for ABRY Partners’ Acquisition of Aspect Software

May 07, 2021

Shearman & Sterling advised Jefferies Finance LLC as Administrative Agent on a $935 million financing for Aspect Software Parent Inc., consisting of a $610 million first-lien term loan, a $75 million revolving credit facility and a $250 million second-lien term loan, to finance the acquisition of Aspect Software and Noble Systems Corporation by ABRY Partners. Jefferies, Credit Suisse, TD Bank, Macquarie, Truist and Apollo acted as lead arrangers on the transaction.

News

Shearman & Sterling Further Strengthens German Offering with the Addition Of Dr. Patrick Wolff

May 07, 2021

Global Law firm Shearman & Sterling today announces that Dr. Patrick Wolff, former General Counsel and Chief Compliance Officer of Uniper SE, has joined the firm as Of Counsel in Munich.

News

Shearman & Sterling Wins Asian Diversity Initiative of the Year at The Asia Legal Awards 2021

May 07, 2021

Shearman & Sterling won “Asian Diversity Initiative of the Year” for its Women Partner and Associate Mentoring Circles program at ALM’s The Asia Legal Awards 2021 held virtually on May 5. The award recognizes projects or initiatives that law firms implemented in their Asian offices to improve diversity and inclusion in gender, age, ethnicity, sexual orientation and disability.

Perspective

M&A Watch: Just Deserts…Delaware Court of Chancery Orders Closing of Cake Supplier Acquisition

May 07, 2021

On April 30, 2021, then-Vice Chancellor Kathaleen McCormick of the Delaware Court of Chancery struck a “victory for deal certainty” in Snow Phipps Group, LLC v. KCake Acquisition, Inc. (Del. Ch. April 30, 2021), in ordering specific performance to compel the investment funds of Kohlberg & Company, LLC (the “buyers”) to close the $550 million acquisition of DecoPac Holdings Inc. (“DecoPac”), a supplier and marketer of cake decorating products, upon finding that the buyers breached their obligation to use reasonable best efforts in connection with the debt financing for the acquisition.

News

Petrobras’ $2.7 Billion Tender Offer

May 06, 2021

Shearman & Sterling represented the dealer managers in connection with the cash tender offers by Petróleo Brasileiro S.A. – Petrobras, for $2.7 billion of certain notes of its outstanding series of global notes.

News

Shearman & Sterling Lawyers Featured in IFLR1000 Women Leaders 2021

May 05, 2021

IFLR1000 named eight of Shearman & Sterling’s female partners on its Women Leaders 2021 list of “highly regarded” lawyers worldwide.

News

Gruma’s $200 Million Credit Facility

May 05, 2021

Shearman & Sterling represented The Bank of Nova Scotia as administrative agent and a lender and Bank of America México, Institución de Banca Múltiple, as a lender, in connection with a $200 million five-year credit facility for Gruma.

News

Antitrust and Litigation Lawyers Nominated for Concurrences Antitrust Writing Awards 2021

May 05, 2021

Partners Matthew Readings, James Webber (both Antitrust-London and Brussels), Elvira Aliende Rodriguez (Antitrust-Brussels), Jonathan Swil (Litigation-London) and associates Ruba Noorali (Antitrust-London) and James Matthews (Litigation-London) have been nominated for the Concurrences Antitrust Writing Awards 2021 for their article “UK Supreme Court Gives Important Judgment in the Visa/Mastercard ‘Interchange Fee’ Litigation” in the category of Business/Private Enforcement.