Shearman & Sterling Advises on Leveraged Acquisition Financing of Smart & Final by Ares Management

Shearman & Sterling advised Morgan Stanley Senior Funding, Inc. as administrative agent, bookrunner and arranger, along with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. as bookrunners and arrangers, in connection with a $720 million financing, consisting of a $525 million first lien term loan and a $195 million second lien term loan, related to the leveraged acquisition of Smart & Final by Ares Management.

The Shearman & Sterling team included partners Maura E. O’Sullivan (New York-Finance), Laurence M. Bambino (New York-Tax), Lisa M. Brill (New York-Real Estate), JD DeSantis (New York-Capital Markets), and Don Lonczak (New York-Tax); counsel Sharon Lippett (New York-Executive Compensation & Employee Benefits), Jason Y. Pratt (New York-Real Estate/Environmental) and Jeffrey L. Salinger (New York-Real Estate/Environmental; and associates Zheng Bao (Palo Alto-Intellectual Property Transactions), Brian Carter (New York-Finance), Milana Dabran (New York-Finance), Austin Glassman (New York-Corporate Group), Jennifer Gunser (New York-Finance), Timothy W. Hanson (New York-Executive Compensation & Employee Benefits), Michael Jokic (New York-Intellectual Property Transactions), Alykhan Kurji (New York-Intellectual Property Transactions), Ryan J. Mahoney (New York-Real Estate), Laura Mulry (New York-Real Estate), Judson Oswald (New York-Finance), Benjamin Petersen (Palo Alto-Intellectual Property Transactions), Geoffrey L. Rawle (New York-Capital Markets), Jonathan P. Skinner (New York-Real Estate) and Nathan Tasso (New York-Tax).

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