Shearman And Sterling

Perspective

Bjerke Authors Securitisation 2023 Chambers USA Law and Practice

February 02, 2023

Partner Bjorn Bjerke (New York-Finance) has authored the “USA Law & Practice” chapter in the 2023 Chambers Global Practice Guide: Securitization.

Chambers Global Practice Guides provide expert legal commentary on various practice areas in key jurisdictions around the world.

News

C$825 Million Financing For Management Buyout of Canaccord Genuity

February 02, 2023

Shearman & Sterling is advising 1373113 B.C., as Borrower for a management-led group consisting of officers and employees of Canaccord Genuity Group and its subsidiaries, in connection with a take-over bid and management-led buyout of Canaccord Genuity. HPS Investment Partners has committed to provide a C$825million senior secured first-lien term loan to finance the transaction.

News

GCR Awards 2023 Booz Allen Hamilton/Everwatch Nominated for Merger Control Matter of the Year: Americas

February 01, 2023

The Shearman & Sterling Antitrust and Litigation Teams have been nominated for the GCR Awards 2023 with the Booz Allen Hamilton/Everwatch case in the category Merger Control Matter of the Year: Americas.

News

Antitrust Practice Recognized Among Top Global Competition Practices by Global Competition Review

February 01, 2023

Shearman & Sterling’s antitrust practice again features in Global Competition Review’s (GCR) 2023 Global Elite rankings. The ranking, part of the extensive GCR 100 research into the world’s best competition practices, details the work of the world’s best 25 global competition law practices.

News

Lotus Technology to Go Public through Business Combination with L Catterton Asia Acquisition

February 01, 2023

Shearman & Sterling is representing Credit Suisse Securities (USA) LLC who is acting as capital markets advisor to L Catterton Asia Acquisition Corp. (LCAA) in connection with a proposed business combination between LCAA and Lotus Technology Inc. (Lotus Tech). The business combination values the combined company at approximately US$5.4 billion (pro forma enterprise value).

Perspective

Looking ahead at 2023 clean hydrogen growth

February 01, 2023

Omar Samji, partner and Humzah Yazdani, associate at Shearman & Sterling authored the article “Contracts, Financing Are Key To 2023 Clean Hydrogen Growth” for Law360.

Perspective

Future Claims Against Russia: Key Implications of the Ukraine and the Netherlands v. Russia Decision

February 01, 2023

On January 25, 2023, the Grand Chamber of the European Court of Human Rights declared the claims in the case of Ukraine and the Netherlands v. Russia partly admissible.

The Court’s conclusion that Russia effectively controlled the territory of eastern Ukraine held by the separatists of the self-proclaimed “Donetsk People’s Republic” (“DPR”) and “Luhansk People’s Republic” (“LPR”) from May 11, 2014, until at least January 26, 2022, has key implications for entities and individuals considering investment treaty and human rights claims against Russia in relation to Russia’s actions in Ukraine as of 2014.

News

Shearman & Sterling Represents Greenidge Generation Holdings in Comprehensive Debt Settlement Agreement

January 31, 2023

Shearman & Sterling advised its client, Greenidge Generations Holdings Inc., in a restructuring of a material portion of its debt and its business. In a novel transaction, the company, which has historically been mining bitcoin at two facilities in upstate New York and South Carolina, transferred a significant portion of its mining rigs to NYDIG, its equipment lender, in exchange for significant debt reduction and 5-year hosting arrangements with NYDIG.

News

Sealed Air’s $775 Million Senior Notes Offering

January 31, 2023

Shearman & Sterling represented Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan, Mizuho, BNP Paribas, Credit Agricole CIB, Rabo Securities, BBVA and Truist Securities, as joint book-running managers, in connection with an offering by Sealed Air Corporation and Sealed Air Corporation (US), as co-issuers, of $775 million aggregate principal amount of their 6.125% senior notes due 2028. A portion of the net proceeds from the notes offering was used to finance Sealed Air’s previously announced acquisition of Liqui-Box and to repurchase any and all of its outstanding 4.500% senior notes due 2023 pursuant to a concurrent tender offer.

News

PSP Investments AUD200 Million Senior Notes Offering

January 31, 2023

Shearman & Sterling advised RBC Europe Limited as agent in connection with PSP Capital’s Regulation S offering of AUD200 million aggregate principal amount of 4.824% Senior Notes due 2033. The notes were issued under PSP Capital’s debt issuance program, and are guaranteed by PSP Capital’s parent, Public Sector Pension Investment Board (PSPIB).