Simpson Thacher Represents Underwriters in €1.5 Billion Debt Offering by Wal-Mart
04.11.14
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The Firm represented Barclays Bank PLC, BNP Paribas, HSBC Bank plc, Credit Suisse Securities (Europe) Limited, Morgan Stanley & Co. International plc, Wells Fargo Securities, LLC and other underwriters in connection with a €1.5 billion offering of debt securities by Wal-Mart Stores, Inc.
Wal-Mart offered and sold €850 million principal amount of its 1.900% Notes due 2022 and €650 million principal amount of its 2.550% Notes due 2026. The net proceeds from the offering will be used for general corporate purposes.
Wal-Mart is the world’s largest retailer, with total revenues of $476.3 billion in its fiscal year ended January 31, 2014.
The Simpson Thacher team for the debt offering included, among others, John D. Lobrano, Paige Fleming and Jim Russell (Capital Markets), Jon Cantor and Jodi Sackel (Tax), and Jennie Getsin (Blue Sky).