Shearman & Sterling represented the underwriters in connection with Macy’s Retail Holdings, Inc.’s public offering of $400 million aggregate principal amount of its 4.375% Senior Notes due 2023, guaranteed by Macy’s, Inc. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC and Goldman, Sachs & Co. acted as joint bookrunning managers.

Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2012 sales of $27.6 billion. The company's operations include approximately 840 Macy’s and Bloomingdale’s stores, including 13 Bloomingdale's Outlets, in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com and bloomingdales.com.

The following Shearman & Sterling lawyers advised on the transaction: partners Lisa Jacobs (New York-Capital Markets) and Laurence Bambino (New York-Tax) and associates Lesley Janzen (New York-Capital Markets), Nathan Mee (San Francisco-Capital Markets), Elise Corey (San Francisco-Capital Markets), Diana Berisha (New York-Capital Markets) and Dan Smith (New York-Tax).