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Susan Hobart

Counsel

Susan focuses on bank finance matters, including investment grade credit facilities, letters of credit, multi-currency credits and leveraged financings. Susan represents financial institutions, including Bank of America, BNP Paribas, Citigroup, JP Morgan and Wells Fargo.

Experience

Representative matters

Citibank, N.A. as Administrative Agent on a $8.4 billion financing for PepsiCo.

BNP Paribas, as Administrative Agent, on $15 billion revolving credit facilities for Toyota Motor Corporation.

Citibank, N.A., as Administrative Agent, on a $12 billion amended and restated revolving credit facility for AT&T.

JPMorgan Chase Bank, N.A., as Administrative Agent, in connection with a $5 billion revolving credit facility for Abbott Laboratories.

Bank of America, N.A., as Administrative Agent, on Darden Restaurants, Inc.’s senior unsecured revolving credit facility in an aggregate principal amount of $1.25 billion.

Citibank, N.A., as Administrative Agent, on a $3 billion five-year revolving credit facility and a $800 million 364-day credit facility, for The Boeing Company.

Citibank, N.A., as Administrative Agent, on a $1.5 billion 364-day credit facility for Stanley Black & Decker.

BNP Paribas as Administrative Agent on a $1.5 billion revolving credit facility for Agilent Technologies, Inc.

JPMorgan Chase Bank, N.A., as Administrative Agent, on a $4.25 billion five-year revolving credit facility for 3M Company.

JPMorgan Chase Bank, N.A. as agent on a $4.5 billion financing for United Parcel Service Inc. consisting of a $1.5 billion 364-day revolving credit facility and a $3 billion 5-year revolving credit facility.

Banco Nacional De Mexico S.A as agent and Citibank, N.A. as sub-agent on a $704 million term loan financing for AT&T Comunicaciones Digital.

Citibank, N.A. as agent on a $1.4 billion revolving credit facility for Dollar General Corporation.

JPMorgan Chase Bank, Citibank and Wells Fargo Bank National Association as agents on a $1.1 billion revolving credit facility for The Clorox Company.

BofA Securities, Inc. and JPMorgan Chase Bank, N.A. on a $3 billion revolving credit facility for Visa Inc.

Citibank, N.A., BofA Securities, Inc. and Morgan Stanley Senior Funding, Inc. as joint lead arrangers and joint bookrunners, in connection with a $900 million multi-currency refinancing for Aon plc, Aon Corporation and Aon UK Limited.

The arrangers and initial purchasers in connection with the bank and bond financing related to Actavis plc’s $28 billion acquisition of Forest Laboratories, Inc.

Bank of America, N.A., as administrative agent, and BofA Securities, Inc., as sole lead arranger, in connection with the $19.8 billion senior unsecured bridge, term and revolving facilities raised by Medtronic, Inc. to finance its acquisition of Covidien plc.

BNP Paribas Securities Corp., Citibank, N.A., BofA Securities, Inc. and MUFG Bank, Ltd. as joint lead arrangers and joint book managers in connection with a $15 billion financing for Toyota Motor Credit Corporation and some of its affiliates, consisting of a $5 billion 364-day credit facility, a $5 billion five-year credit facility and a $5 billion three-year credit facility.

BofA Securities, Inc., Citibank, N.A. and Wells Fargo Securities, LLC as joint lead arrangers and joint book managers in connection with a $1 billion 364-day credit facility for Precision Castparts Corp. related to its acquisition of Titanium Metals Corporation.

Citibank, N.A. and JPMorgan Chase Bank, N.A. as joint lead arrangers and joint book managers in connection with a $10 billion 364-day credit facility for Johnson & Johnson.

BofA Securities, Inc. and Credit Suisse Securities (USA) LLC as arrangers and Bank of America, N.A. as agent in connection with a $1.5 billion unsecured term loan facility, and BofA Securities, Inc. as arranger and Bank of America as agent in connection with a $1 billion five-year unsecured revolving credit facility raised by McCormick & Company, Incorporated to finance its $4.2 billion acquisition of Reckitt Benckiser Group’s food division.

Qualifications

Admissions

Attorney-at-Law, Texas, 1984

Attorney-at-Law, New York, 1986

Academic

J.D., Columbia University School of Law, 1983

B.A., Tulane University, Newcomb College, 1980

Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.