Shearman & Sterling represented the initial purchasers in connection with AEP Industries Inc.’s private placement of $200 million of its 8.25% Senior Notes due 2019 and the dealer manager and solicitation agent in connection with AEP’s concurrent tender offer and consent solicitation for its existing 7.875% Senior Notes due 2013. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC acted as initial purchasers in connection with the notes offering and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as dealer manager and solicitation agent in connection with the tender offer and consent solicitation.

A portion of the proceeds from the offering were used to fund the tender offer and consent solicitation and to pay amounts due under AEP’s credit facility. AEP manufactures, markets, and distributes an extensive range of plastic packaging products for the consumer, industrial and agricultural markets.

The following Shearman & Sterling team advised on these transactions: partners Michael Benjamin (New York-Capital Markets) and Craig Gibian (Washington, D.C.-Tax); counsel Jeffrey L. Salinger (New York-Environmental/Real Estate); and associates Brian Bishop (New York-Capital Markets), Jennifer A. Val (New York-Capital Markets), Chris Greer (New York-Environmental/Real Estate), Judy Fisher (Washington, D.C.-Tax), and Ellen Shiels (New York-Capital Markets).