Shearman & Sterling represented Citigroup Global Markets Inc., Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the several underwriters, in a four-tranche debt offering by Avon Products, Inc. (“Avon”) of $250 million of 2.375% Notes due 2016, $500 million of 4.600% Notes due 2020, $500 million of 5.000% Notes due 2023 and $250 million of 6.950% Notes due 2043. Avon is a global manufacturer and marketer of beauty and related products, having sales operations in 65 countries and territories and distributing products in 43 more. This transaction is the sixth securities offering that Shearman & Sterling has completed in connection with Avon that have raised over $3.7 billion for the company.
The following Shearman & Sterling lawyers advised the underwriters in this transaction: partners Robert Treuhold (New York-Capital Markets),Dan Newcomb (New York-Litigation) and Craig Gibian (Washington, DC-Tax); of counsel Joel Klaperman (New York-Capital Markets); and associates Jesse Cuevas (New York-Capital Markets), Dana Lord (New York-Capital Markets), Michael Blankenship (New York-Financial Institutions Advisory & Financial Regulatory), Shriram Bhashyam (New York- Financial Institutions Advisory & Financial Regulatory) and Mary Jo Lang (Washington, DC-Tax).
