Recent News

December 02, 2022

Ontario Line Subway Project Financing

Shearman & Sterling advised Japan Bank for International Cooperation (JBIC) as lender in connection with its CAD 450 million project financing for the Ontario Line subway project in Toronto, Canada.  The loan is co-financed with Sumitomo Mitsui Banking Corporation and the Norinchukin Bank, bringing the total co-financing amount to CAD 1,100 million.  The transaction marks JBIC’s first project finance loan in the transportation sector in North America and forms part of Plenary Americas’ Connect 6ix consortium CAD 9 billion financing for the Ontario Line Rolling Stock Systems, Operations and Maintenance (RSSOM) contract.

December 01, 2022

Arcelormittal’s $2.2 Billion Offering Of Its 2027 And 2032 Fixed-rate Notes

Shearman & Sterling represented the underwriters in connection with ArcelorMittal’s offering of $1.2 billion aggregate principal amount of its 6.550% Notes due 2027 and $1.0 billion aggregate principal amount of its 6.800% senior notes due 2032, totaling $2.2 billion aggregate principal amount. 

December 01, 2022

Boston Scientific Corporation announces agreement to acquire Apollo Endosurgery

Shearman & Sterling advised Boston Scientific Corporation in connection with its recently announced proposed acquisition of Apollo Endosurgery (Nasdaq: APEN) for a cash price of $10 per share, reflecting an enterprise value of approximately $615 million. 

November 30, 2022

Société Générale on the Formation of its Joint Venture With AllianceBernstein

Shearman & Sterling advised Société Générale, a leading European bank, on its plan to form a joint venture with AllianceBernstein, a leading global investment management and research firm, through the combination of their respective cash equity and equity research businesses.

November 29, 2022

PSP Investments’ C$750 Million Offering

Shearman & Sterling advised CIBC Capital Markets, National Bank Financial Markets, RBC Capital Markets, BMO Capital Markets, Casgrain & Company Limited, Desjardins Capital Markets, Scotiabank, TD Securities, HSBC and Laurentian Bank Securities, in connection with a Regulation S offering by PSP Capital of C$750 million aggregate principal amount of 3.750% Senior Notes due 2029. 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).

November 28, 2022

Shearman & Sterling's Anna Chung Recognized as One of Korea’s Top 100 Lawyers

For the second year in a row, Shearman & Sterling's partner and head of the Seoul office, Anna Chung, has been named in Asia Business Law Journal’s 2022 A-List of Korea’s top 100 lawyers. A partner in the firm's Project Development & Finance practice, Anna was recognized in the following practice areas: Banking & finance; infrastructure; joint ventures; power & energy; project finance. The A-List is based on extensive research and nominations received from in-house counsel in Korea and elsewhere, as well as Korea-focused partners at international law firms.

Upcoming Events

December 05, 2022

EMEA restructuring – perspectives on the outlook for 2023 and beyond

Shearman & Sterling’s London Financial Restructuring & Insolvency team are hosting a “EMEA restructuring – perspectives on the outlook for 2023 and beyond” webinar in partnership with Global Restructuring Review (GRR) on 5 December at 14:00 GMT.

December 06, 2022

FOW Trading London 2022

On December 6, 2022, partner Thomas Donegan will speak on a roundtable event at the FOW Trading London 2022 conference titled “Inflation, Volatility, Clearing and the Gilt Crash.”

December 07 - 09, 2022

PLI’s Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2022

Partner Jay Singer will participate as a speaker at PLI’s Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2022 conference in Los Angeles, California. His discussion is titled “Current Issues in Divisive Strategies – Spin-Offs.”