Shearman & Sterling advised Jerrold Holdings Limited on the offering by its wholly-owned subsidiary, Jerrold FinCo plc, of £200 million of 9.750% Senior Secured Notes due 2018. The notes are guaranteed by Jerrold Holdings Limited and all of its other subsidiaries.

The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act of 1933, as amended, closed on September 27, 2013. The proceeds from the offering will be used to prepay certain existing indebtedness, to pay fees and expenses related to the offering and for general corporate purposes.

Jerrold Holdings is a specialist United Kingdom mortgage loan provider, established in 1974, and has successfully operated throughout its 39-year history. Jerrold Holdings offers retail and commercial purpose mortgage loans to niche market segments underserved by mainstream lenders.

The Shearman & Sterling team included Capital Markets partner Apostolos Gkoutzinis, counsel Rebecca Marques, associates Jason Banks and Ana S. Grbec, and trainee Stella Yeung; Finance partner Peter Hayes, with associates Chris White, Philip Stopford, Sedina Aidam, Richard Cameron, Stacey Jeffreys and Marco Moraes, and trainees Louise Claire Benski, Rebecca Louise Lee, Sarah Moir-Porteous; Investment Funds partner Nathan Greene, with of counsel Paul Schreiber, associate Nina Garnham, and trainee Giorgia Clements; Tax partner Iain Scoon, with associates Judy Fisher and Jack Prytherch; and Financial Institutions Advisory & Financial Regulatory associates Mak Judge and Oliver Linch.