Sherwin‑Williams’s $6 Billion Registered Senior Debt Offering
May 16, 2017
Cravath represented the underwriters, led by Citigroup, Wells Fargo Securities, Morgan Stanley, PNC Capital Markets LLC and J.P. Morgan Securities, in connection with the US$6 billion registered senior debt offering of The Sherwin‑Williams Company, a developer, manufacturer and distributor of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America. Proceeds of the offering will be used to fund the pending acquisition of The Valspar Corporation by Sherwin‑Williams. Cravath also represented the underwriters in connection with the concurrent private exchange offer whereby Sherwin‑Williams is offering to exchange new Sherwin‑Williams debt securities for existing debt securities of Valspar. The transaction closed on May 16, 2017.
The Cravath team included partners Andrew J. Pitts and William V. Fogg and associates Elizabeth J. Zhang, Jeremy S. Lerner and D. Ana Choi.
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People
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M.B.A., 1995, Boston Universitywith High Honors
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J.D., 1994, Boston University School of Lawsumma cum laude
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B.A., 1988, Trinity College
- New York
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J.D., 1991, Columbia Law SchoolHarlan Fiske Stone Scholar
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A.B., 1988, Brown Universitymagna cum laude
- New York
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