Shearman & Sterling Advises on The Kansas City Southern Railway Company’s $200 Million Senior Notes Offering and Kansas City Southern de México S.A. de C.V.’s $250 Million Senior Notes Offering
Shearman & Sterling represented J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC, as joint book-running managers, and the other managers, in connection with a Rule 144A/Regulation S offering of $200,000,000 aggregate principal amount of The Kansas City Southern Railway Company’s (KCSR) 3.850% Senior Notes due 2023. The Senior Notes are guaranteed by KCSR’s parent company, Kansas City Southern, and certain of its subsidiaries. The proceeds from the offering were used to finance the purchase of leased equipment.
Shearman & Sterling also represented the joint book-running managers, and the other managers, in connection with a Rule 144A/Regulation S offering of $250,000,000 aggregate principal amount of Kansas City Southern de México, S.A. de C.V.’s (KCSM) Floating Rate Senior Notes due 2016. The proceeds from the offering were used to redeem KCSM’s existing 6.125% Senior Notes due 2021 and 8.0% Senior Notes due 2018 and to finance the purchase of certain leased equipment.
KCSR operates a primary rail line in the Midwest and Southeast regions of the United States, while KCSM operates a primary rail line between Northeastern and Central Mexico and the United States.
The Shearman & Sterling team included partner Robert Treuhold (New York-Capital Markets) and associates Merritt Johnson (New York-Capital Markets), Dora Athanasiadou (New York-Capital Markets) and Nicholas Moulton (New York-Capital Markets).