Kansas City Southern’s $500 Million Notes Offering


Shearman & Sterling represented J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC, as lead joint book-running managers, in connection with an offering by Kansas City Southern (“KCS”) of $500 million of its 4.700% senior notes due 2048.

KCS intends to use the net proceeds from the offering to repay its outstanding commercial paper, to refinance a locomotive lease and certain equipment loans and for general corporate purposes.

KCS is a Delaware transportation holding company with domestic and international rail operations in North America that are strategically focused on the growing north/south freight corridor connecting key commercial and industrial markets in the central United States with major industrial cities in Mexico.

Shearman & Sterling advised with a team including Merritt Johnson (Picture), Minkyu Park, Kristen Garry, Jason Pratt, Jenny Ding Jordan, P. Sean Kelly and William Holste.

Involved fees earner: Merritt Johnson – Shearman & Sterling; Minkyu Park – Shearman & Sterling; William Holste – Shearman & Sterling; Kristen Garry – Shearman & Sterling; Jason Pratt – Shearman & Sterling; Jenny Ding Jordan – Shearman & Sterling; Sean Kelly – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; JP Morgan Securities;

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Author: Ambrogio Visconti