Shearman & Sterling represented Barclays Capital Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC as joint bookrunning managers and Lloyds Securities Inc. and SMBC Nikko Securities America, Inc. as co-managers in connection with Ford Motor Credit Company LLC’s offering of $650,000,000 aggregate principal amount of its Floating Rate Notes due March 12, 2019 and $1,100,000,000 aggregate principal amount of its 2.375% Notes due March 12, 2019.

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Herbert Smith Freehills has recently advised Etablissements Maurel & Prom, a French oil company engaged in hydrocarbon exploration and production, on the issue of net share settled bonds convertible into new shares and/or exchangeable for existing shares (ORNANE) for a nominal amount of approximately €220 million, raised to approximately €253 million after exercise in full of the over-allotment option.

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Akin Gump advised Metropolitan Edison Company (Met-Ed) and Pennsylvania Electric Company (Penelec), wholly owned subsidiaries of FirstEnergy Corp., with respect to the issuance by Met-Ed of $250 million aggregate principal amount of its 4.000 percent senior unsecured notes due 2025 and the issuance by Penelec of $200 million aggregate principal amount of its 4.150 percent senior unsecured notes due 2025.  The notes were offered in transactions exempt from registration pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.

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Cahill represented Deutsche Bank Securities, RBS and the other underwriters in connection with the public offering of $1,600,000,000 comprised of $800,000,000 aggregate principal amount of 3.65% Notes due 2024 and $800,000,000 aggregate principal amount of 4.80% Notes due 2044 by International Paper Company. Cahill also represented the dealer managers in connection with the tender offer for up to an aggregate principal amount of $1,000,000,000 of International Paper’s outstanding 7.95% notes due 2018 and 9.375% notes due 2019.
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Orrick is advising Metrovacesa SA on the sale of its 26.74 percent stake in the French real estate investment trust Gecina SA for 1.55 billion euros (US$2.11 billion) to a group of investors, which include Norges Bank, Credit Agricole Assurances, Blackstone and Ivanhoe Cambridge.

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