Slaughter and May advised Shire plc on $12.1 billion debt offering

Slaughter and May advised Shire plc on the English law aspects of the successful $12.1 billion SEC-registered debt offering by its wholly owned subsidiary, Shire Acquisitions Investments Ireland DAC. The offering consisted of $3.3 billion of 1.900% senior notes due 2019, $3.3 billion of 2.400% senior notes due 2021, $2.5 billion of 2.875% senior notes due 2023 and $3 billion of 3.200% senior notes due 2026. This was Shire's inaugural bond offering and its proceeds are to be used to refinance the cash component of the purchase price for the acquisition of Baxalta Inc, in relation to which Slaughter and May also advised Shire plc, earlier this year.

Davis Polk (New York) advised on U.S. law, Mourant Ozannes on Jersey law and Arthur Cox on Irish law.