Shearman & Sterling advised Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as joint lead arrangers and joint bookrunners in connection with a $2.5 billion aggregate financing, including a $1.5 billion 364-day credit facility and a $1 billion five-year credit facility for United Parcel Service, Inc.

The Shearman & Sterling team included partners Maura O’Sullivan (New York-Finance) and Laurence E. Crouch (Palo Alto-Tax), counsel Susan L. Hobart (New York-Finance) and associate Eva Rasmussen (New York-Executive Compensation & Employee Benefits).