The Firm recently represented Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc. and other underwriters in connection with a $500 million offering of debt securities by Wal-Mart Stores, Inc. The offering closed on October 22, 2014.
Wal-Mart offered and sold $500 million principal amount of its 3.300% Notes Due 2024. Wal-Mart first issued its 3.300% Notes Due 2024 in April 2014 when it issued $1 billion principal amount of such securities.
Wal-Mart is the world’s largest retailer, with total net sales of $473.1 billion in its fiscal year ended January 31, 2014.
The Simpson Thacher team for the debt offering included, among others, John D. Lobrano, Teresa Chen and Sage Hughes (Capital Markets); Jon Cantor and Jodi Sackel (Tax); and Jennie Getsin (Blue Sky).
Source: www.stblaw.com
