Shearman & Sterling Advises on Cricket Communications’ $400 Million Notes Offering

Shearman & Sterling represented the initial purchasers, represented by Goldman, Sachs & Co., Morgan Stanley & Co. Incorporated and Deutsche Bank Securities Inc., in connection with their purchase of $400 million aggregate principal amount of Cricket Communications, Inc.’s (“Cricket”) 7.75% Senior Notes due 2020. The notes are a further issuance of, and will be treated as a single class with, the already outstanding $1,200 million aggregate principal amount of 7.75% Senior Notes that Cricket issued in November 2010. Headquartered in San Diego, California, Cricket is a leading wireless communications carrier that offers unlimited nationwide wireless services.

The Shearman & Sterling team included partners Andrew Schleider (New York-Capital Markets), John Wilson (San Francisco-Capital Markets) and Laurence Bambino (New York-Tax); counsel Brad Kern (San Francisco-Capital Markets) and Jason Pratt (New York-Real Estate/Environmental); and associates Nathan Mee (San Francisco-Capital Markets), Chris Greer (New York-Real Estate/Environmental), Gloria Jung (New York-Intellectual Property Transactions), Douglas Jones (New York-Tax) and Anthony Mascarenhas (New York-Capital Markets).