Shearman & Sterling advised Barclays Bank PLC and J.P. Morgan Securities LLC as joint global coordinators and mandated lead arrangers and bookrunners in connection with a cross-border, multicurrency and covenant-lite Term Loan B bank financing consisting of a $2 billion term loan facility, a $375 million short-dated term loan facility and a €500 million term loan facility for certain affiliates of INEOS AG, one of the world’s largest chemical companies by revenue.

Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC as joint book-running managers on the SEC-registered offering by Altera Corporation of $500 million of its 1.75% notes due 2017.

Davis Polk advised Aetna Inc. on its registered offering of $250 million aggregate principal amount of 1.75% senior notes due 2017 and $500 million aggregate principal amount of 4.5% senior notes due 2042. Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers for the offering.