Shearman & Sterling represented Banco Nacional de Desenvolvimento Econômico e Social (BNDES), Brazil’s national bank for economic and social development and the primary domestic source of long-term financing in the Brazilian economy, in connection with its offering of US$1,250,000,000 3.375% Notes due 2016 and US$1,250,000,000 5.750% Notes due 2023, to be listed on the Luxembourg Stock Exchange. Deutsche Bank Securities, Inc., Itau BBA USA Securities, Inc. and J.P. Morgan Securities LLC acted as joint lead managers.

Clifford Chance advised Hypothekenbank Frankfurt AG (former Eurohypo Aktiengesellschaft) on the restructuring of the financing of Treveria F portfolio and Treveria K portfolio ("Silo F/K") amounting to EUR 396 million.

The portfolios with borrowers from Germany, Luxembourg and The Netherlands comprise almost 130 single properties. The restructuring includes a detailed plan for the sale of the properties.

On September 24, 2013, Weil achieved a significant victory for Credit Suisse AG and several of its subsidiaries, defeating class certification in Gibson v. Credit Suisse, A.G., et al. in the United States District Court for the District of Idaho. Plaintiffs, who purchased properties at luxury resort developments in Idaho, Montana, Nevada and the Bahamas, sought to represent a class of individuals that purchased properties at these resorts.

Simpson Thacher is representing Goldman Sachs as financial advisor to Applied Materials, Inc. in connection with its execution of a definitive agreement to combine Applied Materials with Tokyo Electron Limited via an all-stock combination which values the new combined company at approximately $29 billion.  The new company will have a new name, dual headquarters in Tokyo and Santa Clara, a dual listing on the Tokyo Stock Exchange and the NASDAQ, and will be incorporated in The Netherlands. 

The Simpson Thacher team includes David Sneider and Sayo Takizawa.

The Firm represented the underwriters of the initial public offering in Hong Kong and Rule 144A/Regulation S offering by China Huishan Dairy Holdings Company Limited  (Huishan Dairy). Huishan Dairy offered an aggregate of 3,787,596,000 ordinary shares, which raised approximately HK$10.1 Billion (US$1.3 billion) in gross proceeds for Huishan Dairy and the selling shareholders. Huishan Dairy is a leading and the most vertically integrated dairy company in China, and it currently owns the largest upstream resources and the second largest herd of dairy cows in China.

The Firm recently represented J.P.

Simpson Thacher represented J.P. Morgan Securities Ltd., Nomura International plc, Deutsche Bank AG, London Branch and BNP Paribas as initial purchasers, in connection with a €300 million offering of 11%/ 12% Senior PIK Toggle Notes due 2021 by Polish Television Holding B.V. and a €430 million offering of 7.375% Senior Notes due 2020 by TVN Finance Corporation III AB (publ), a subsidiary of TVN S.A.

The Firm represented the initial purchasers, led by Deutsche Bank, Barclays and BNP Paribas, in connection with the public offerings of €900 million aggregate principal amount of Euro NC5 (Euro Series A) Capital Securities due 2073, €550 million aggregate principal amount of Euro NC10 (Euro Series B) Capital Securities due 2073 and £550 million aggregate principal amount of GBP NC7 Capital Securities due 2073 by América Móvil, S.A.B. de C.V. in September 2013.  The notes were sold in reliance upon Regulation S under the U.S.

Shearman & Sterling is advising long-time client Fairfax Financial Holdings Limited (Fairfax) in its proposal to acquire BlackBerry Limited (BlackBerry) for US$9 per share in cash, for an aggregate transaction value of approximately US$4.7 billion.

Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.

Shearman & Sterling represented the initial purchasers, led by Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc., as Joint Bookrunning Managers on Reckitt Benckiser's inaugural US dollar bond offering, in a private placement of US$1 billion aggregate principal amount of notes offered by Reckitt Benckiser Treasury Services plc and guaranteed by Reckitt Benckiser Group plc.