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Susan Hobart

Counsel

Email

shobart@aoshearman.com

Phone

+1 212 848 7847

Offices

New York

V-CARD
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, J.P. Morgan and Wells Fargo.

Expertise

Industries

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