Shearman & Sterling Advises CVS Caremark Corporation on $4 Billion Bond Offering

Shearman & Sterling represented CVS Caremark Corporation in connection with its $4 billion bond offering consisting of a $750 million issue of its 1.20% Senior Notes due 2016, $1.25 billion issue of its 2.25% Senior Notes due 2018, $1.25 billion issue of its 4.00% Senior Notes due 2023, and $750 million issue of its 5.30% Senior Notes due 2043.

Headquartered in Woonsocket, Rhode Island, CVS is the largest integrated pharmacy health care provider in the United States.

The following Shearman & Sterling lawyers advised CVS on this transaction: partners Stephen Giove (New York-Capital Markets), Michael Benjamin (New York-Capital Markets), Doreen Lilienfeld (New York-Executive Compensation & Employee Benefits), James Tallon (New York-Litigation), Laurence Bambino (New York-Tax), and Samuel Waxman (New York-Intellectual Property Transactions); counsel Jason Pratt (New York-Environmental); and associates Lesley Janzen (New York-Capital Markets), Ethan Harris (New York-Tax), Dan Smith (New York-Tax), James Park (New York-Capital Markets) and Leo Wong (New York-Corporate).

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