Bank lending: investment grade debt and syndicated loans in London

A&O Shearman

Led from London by Jane Glancy and supported by lawyers based in key financial centres throughout the firm’s extensive international network, A&O Shearman‘s global loans team combines international legal insight with strategic expertise to assist investment-grade corporates and top banking clients. As well as regularly handling major refinancing and general corporate lending facilities, the team also regularly advises on the debt finance associated with many of the market’s biggest ticket public M&A transactions. Greg Brown, who led on this transaction, has also been at the vanguard of work in the sustainable financing space, helping to shape the use of the product which has become an increasingly commonplace feature of syndicated loan transactions. David Campbell is also very effective at advising on investment-grade financings, as well as excelling in advising on the financing for cross-over corporate credits, in both cases very effectively implementing new technology to streamline transactions. The ‘technically excellent’ Oleg Khomenko provides ‘practical and commercial’ advice to borrowers and lenders on general corporate lending and event-driven-financings, including in the context of emerging markets transactions. Dominique Crowley is also recommended. 

Responsables de la pratique:

Jane Glancy


Autres avocats clés:

Nicholas Clark; Denise Gibson; Greg Brown; David Campbell; Oleg Khomenko; Dominique Crowley


Les références

‘The breadth of practice is market leading.’

‘Oleg Khomenko is technically excellent and provides practical and commercial advice.’

Principaux dossiers


  • Advised BAE Systems plc on its proposed $5.55bn Stock Purchase Agreement to acquire the Ball Aerospace business from US packaging giant, Ball Corporation.
  • Advised Shurgard Self Storage on its £378m recommended cash takeover offer for UK-listed company Lok’nStore Group plc.

Clifford Chance LLP

Leveraging a thorough understanding of current market trends and industry standards, Clifford Chance LLP demonstrates exceptional expertise in documentation nuances across various jurisdictions. This allows the firm to effectively share its knowledge with a well-balanced roster of banks and corporates engaged in debt financing for a myriad purposes, including for working capital, M&A, event-driven financing, and treasury operations. The team, which is led from London by David Robson, is also highly skilled at advising on multi-jurisdictional mandates where it can effectively leverage the firm’s vast international network, and can add value on complex financial services transactions through a collaborative approach alongside its market-leading regulatory offering. Robson and Emma Folds have very strong lender relationships, in particular, with both excelling in advising banking syndicates on refinancing and new money deals for large corporates. For borrower work, Nick Kinnersley regularly handles event-driven and public bid financing work for investment grade corporates, including his recent advice to Aviva plc on the £1.85bn financing provided by Citibank for its recommended public offer for Direct Line Insurance Group plc. Although Peter Dahlen and Matt Dunn are best-known for their lender side leveraged finance expertise, they both also handle some work for large corporate borrowers, with Dunn also advising on infrastructure financings.

Responsables de la pratique:

David Robson


Autres avocats clés:

Emma Folds; Peter Dahlen; Nicholas Kinnersley; Matt Dunn; Julia House


Les références

‘Accessibility, debt of knowledge, and also willingness to give « plain English » explanations of complex issues clearing linking to the situation not just a generic one size fits all.’

‘Very good working relationships with lender counsel, and other advisers such that the transactions progress seamlessly.’

‘The team that supports our business is seen as our go-to advisers and have ensured the depth of knowledge in our complex docs has passed onto new team members seamlessly. We have had very good continuity and excellent engagement throughout a number of transactions.’

Principaux dossiers


  • Advised Aviva plc in relation to the £1.85bn financing provided by Citibank for its recommended public offer for Direct Line Insurance Group plc.
  • Advising the mandated lead arrangers in relation to a £2.25bn revolving credit facility refinancing for Landsec (Land Securities Group).
  • Advised Epiroc AB on the bridge financing for the $760m acquisition of Stanley Infrastructure.

Linklaters LLP

Combining ‘technical skill and a strong understanding of the market’, Linklaters LLP provides ‘practical and commercial advice’ to investment-grade borrowers and lenders across a range of corporate and structured lending. Acting on its own as well as regularly alongside practitioners in other key global offices, the team excels in handling big-ticket and often highly structured cross-border transactions. Toby Grimstone has strong visibility among creditors and debtors, which are appreciative of his versatile offering, including on corporate lending, trade finance, and public M&A financing matters. Grimstone recently advised the underwriting banks on the bridge financing to help facilitate BAE Systems plc’s $5.55bn acquisition of Ball Aerospace from Ball Corporation. Ian Callaghan also has public M&A financing expertise, as well as a strong lender practice that leans heavily towards margin lending and fund financings. James Martin, who is praised for his ‘ability to get the point through in a succinct and simple way’, has a versatile offering for banks and corporates, including on deals with a Middle Eastern nexus – where clients also benefit from his insight into Islamic finance structures. ‘Technically excellent yet highly commercial’, Caroline Courtney excels in advising corporates and lenders on syndicated lending matters, including on event-driven transactions such as M&A and IPO-related financings. Of the more junior practitioners, Sam Mahboubian has excellent traction among banks and large corporates, advising them on a myriad of new money and distressed transactions, while senior associate Atish Shah continues to impress on crossover credit and investment grade financings. Oliver Edwards co-heads the corporate lending and structured finance offering alongside Grimstone. Peter Hayes joined in May 2025 from Paul Hastings LLP.

Responsables de la pratique:

Toby Grimstone; Oliver Edwards


Autres avocats clés:

Ian Callaghan; Caroline Courtney; Peter Hayes; James Martin; Will Evans; Sam Mahboubian; Atish Shah; Shao-Ling Angoh


Les références

‘The team provides a combination of technical skill, strong market understanding and a commercial approach. The ability to get the point through in a succinct and simple way, easily digestible by non-lawyers.’

‘The team is pragmatic, collaborative and easy to deal with, which makes a big difference on fast-moving cross-border transactions.’

‘I really value the breadth and depth of experience of the firm and that the entire team are joined up.’

Principaux clients

Rio Tinto plc


Petrofac


Viterra


Helios Towers plc


Nestlé S.A.


Anglo American plc


BHP


Balfour Beatty plc


Vistry Group plc


Black Coffee


IG Group


Lafarge Holcim


Glencore


Nando’s


National Grid plc


Vodafone Group plc


Travis Perkins plc


Experian plc


Unilever plc


Endeavour Mining plc


Mondi plc


Tate & Lyle plc


Gold Fields Limited


Sibanye Stillwater Limited


Barclays


Bank of America


Citibank, N.A.


Deutsche Bank


Credit Agricole


Goldman Sachs


HSBC Bank Plc


J.P. Morgan


MUFG Bank, Ltd.


BNP Paribas


Principaux dossiers


  • Advised Nestlé S.A.in relation to a combined $11bn refinancing across a duo of facilities.
  • Advised Citibank and Bank of America as joint underwriters, arrangers and bookrunners on the bridge financing for BAE Systems plc’s $5.55bn acquisition of Ball Aerospace from Ball Corporation.
  • Advised Unilever on thirteen USD and EUR revolving credit facilities agreements and seven EUR revolving credit facility agreements for a combined $5.2bn and  €2.7bn.

Slaughter and May

Adopting a fairly generalist ethos to financing work, Slaughter and May is very well suited to advising investment-grade corporates across the panoply of their ongoing finance needs, from recapitalisations and multicurrency revolving credit facilities through to event-driven financings. Matthew Tobin regularly handles large capital raising exercises for borrowers, both in the syndicated loan and bond markets, including those linked to sustainability/ESG targets. Caroline Phillips is also well-versed on sustainability financings, as well as advising public and private corporates (including sponsor-backed portfolio companies) across a myriad financing requirements utilising the bank and bond markets. Robert Byk has niche expertise within the oil and gas sector, and is also one of a number in the team with bid finance knowledge. Team head Ed Fife is also recommended for his work on large investment-grade syndicated deals, as well as more structured mandates for cross-over credits.

Responsables de la pratique:

Ed Fife


Autres avocats clés:

Matthew Tobin; Robert Byk; Caroline Phillips; Azadeh Nassiri; Susan Hughes; Richard Jones; Guy O’Keefe; Claire Cooke; Charlie McGarel-Groves; Samay Shah; Kevin Howes; David Hay


Principaux clients

Premier foods


Richemont


Spectris


Everton Football Club


Coats Group


Avolta


Videndum


Ocado Group


National Wealth Fund


Brit


Principaux dossiers


  • Advised Roundhouse Capital Holdings Limited, an entity within The Friedkin Group and Everton Football Club on their financing arrangements in connection with Roundhouse’s acquisition of EFC from Blue Heaven Holdings, an entity owned by Farhad Moshiri.
  • Advised Richemont International Holdings, the leading luxury goods group, in relation to its debut syndicated revolving credit facility of €2bn entered into with a syndicate of 18 banks.
  • Advised the National Wealth Fund, the UK’s sovereign backed fund set-up to crowd-in private investment and drive growth across the UK, in relation to the development of an innovative guarantee product designed to support portfolios of loans advanced to social housing registered providers for the purpose of retrofitting social housing in the UK.

Ashurst

Ashurst delivers solutions-driven and ‘innovative structuring’ to banks and investment-grade borrowers across various lending activities. The team’s expertise spans syndicated loans used for general working capital, refinancing needs, and supporting M&A activity. Nicholas Moore ‘brings exactly what is needed to the table for his clients’, including banks and large corporate borrowers, the latter which he regularly advises in the context of sustainability-linked financings. Tim Rennie is also very knowledgeable on ESG-related matters – including at a product development stage for banks (drafting relevant precedents) – and as well as more general corporate lending advice, has also developed a very strong reputation advising banks as financial advisers in relation to public takeovers. Briony Holcombe co-heads the corporate lending team alongside Moore and Rennie, with a balanced lender and borrower practice that encompasses general corporate lending, strategic M&A and fund financing work. Darren Phelan also maintains a well-rounded practice, advising both lenders and borrowers while also supporting financial advisers on public M&A financings.

Responsables de la pratique:

Mark Edwards; Tim Rennie; Nicholas Moore; Briony Holcombe


Autres avocats clés:

Darren Phelan


Les références

‘The team actively embraced innovative structuring for a new deal, moving away from market norms to achieve the client’s wishes.’

‘ Nicholas Moore has always been our go-to expert on financings and structuring when needed. He understands the wider context and brings exactly what is needed to the table for his clients.’

‘Ashurst have a very strong corporate debt team with a broad capability to support all types of debt financing.’

Principaux clients

ABN AMRO


ANZ


Axpo Holding AG


Bank of America Merrill Lynch


Barclays Bank


Bank of England


Berkeley Group


Bio Products Laboratories


boohoo group plc


BP


Citibank


CK Infrastructure Holdings Limited


Collinson Group


Deutsche Bank


Evercore


Goldman Sachs


Halma


HSBC


HSBC Innovation Bank


ICG


ING


Intesa Sanpaolo


Investec


JP Morgan


McLaren


Morgan Stanley


NatWest


Next15


QinetiQ


RBSI


Rothschild


Royal Bank of Canada


Santander


Shawbrook


Société Générale


Standard Chartered Bank


The Governor and Company of the Bank of Ireland


Tritax Big Box REIT


Tritax EuroBox


Vedanta


Wells Fargo


Principaux dossiers


  • Advised Goldman Sachs International on the recommended offer by Harp Bidco Limited to acquire Hargreaves Lansdown worth £5.3bn.
  • Advising Axpo Holding AG as borrower on a JP¥42bn sustainability-linked Samurai loan with a syndicate of more than 20 banks and investors in Japan.
  • Advising J.P. Morgan Cazenove as financial adviser on the £3.5bn takeover of International Distributions Services plc by EP UK Bidco Limited.

Herbert Smith Freehills Kramer LLP

Leveraging its deep-rooted firmwide institutional ties with a high proportion of FTSE-listed corporates, Herbert Smith Freehills Kramer LLP is best-known for its borrower work. This includes advice across the full scope of their ongoing debt finance needs, including in the context of revolving credit facilities and strategic M&A, both of which often involve banking syndicates. Kristen Roberts, who oversees the firm’s well-received annual corporate debt and treasury report it produces in collaboration with the Association of Corporate Treasurers (ACT), has deep insight into market trends ensuring he is very well-placed to advise corporates on their debt and treasury needs, including identifying arbitrage opportunities. ‘Very strategic’ US-qualified partner Gabrielle Wong has a focus on advising corporates on New York-law governed financing terms, and is pivotal to the firm’s success advising on finance structures to borrowers in the music and royalty space. On the lender front, the team is best-known for its emerging markets work, particularly in the context of multi-sourced financings, as well as for banks funding reserve-based lending transactions in the oil and gas sector. William Breeze co-heads the team alongside Wong and Roberts.

Responsables de la pratique:

Kristen Roberts; Gabrielle Wong; William Breeze


Autres avocats clés:

Will Nevin; Heather Culshaw; Thomas Bethel; William Breeze; Stacey Pang; Chelsea Fish; Ollie Henderson


Les références

‘Gabrielle Wong is very strategic and provides spot-on and decisive advice on time-sensitive and fast moving transactions.’

Principaux clients

Natixis


DNB Bank


Lloyds


BNP Paribas


Bank of China


Citibank


Synthomer plc


HarbourVest Global Private Equity Limited


Shaftesbury Capital Plc


EML Payments Limited


MusicBird AG


MusicBird Rights AG


Nexthink SA


Nexthink, Inc


Hipgnosis Songs Fund Limited


Barclays Bank


Principaux dossiers


  • Advised Natixis SA and the other lenders on a $1.4bn reserve-based loan to BlueNord ASA to refinance its existing reserve-based loan.
  • Advised Synthomer plc on the amendment and restatement of its $400m revolving credit facility and its €287.5m and $230m term loan facilities backed by UK Export Finance.
  • Advised HarbourVest Global Private Equity Limited (HVPE) on a new $1.2bn multicurrency NAV-based revolving credit facility, to provide an enhanced level of support for HVPE’s balance sheet reflecting its net asset growth.

Norton Rose Fulbright

Drawing upon a ‘good breadth of knowledge across the debt markets’, the ‘very hardworking’ team at Norton Rose Fulbright provides ‘pragmatic’ advice to a balanced roster of banks and large corporates, including on large cross-border syndicated corporate lending deals – where the firm can leverage resources throughout its vast international footprint. The team adds particular value advising on deals within core firmwide sector strengths, including oil and gas, an area that the ‘very user-friendly’ Neha Khosla is particularly skilled. Along with Alex Zekkos, Khosla is also very active advising on emerging markets transactions, many of which are structured utilising multi-sourced financings. The ‘responsive, proactive and solutions oriented’ James Dunnett excels in handling corporate lending mandates for creditors and debtors. Michael Black, who co-heads the team alongside Madhavi Gosavi, has a focus on secured lending transactions, including those implementing asset-based lending (ABL) structures.

Responsables de la pratique:

Madhavi Gosavi; Michael Black


Autres avocats clés:

Neha Khosla; James Dunnett; David Milligan; James Collis; Davide Barzilai; Alex Zekkos; Chris Akinrele; Grace Carpenter; Shivani Patel


Les références

‘The team is highly experienced and has an excellent view of market trends. It is very service oriented, knowledgeable and pragmatic, with a high economic understanding of the transactions.’

‘Very hard-working and great partner availability.’

‘The collegiate team has a good breadth of knowledge across the debt markets and consistent relevant transactional experience.’

Principaux clients

ABN AMRO Bank


Accel-KKR Credit Partners, LP


Africa Finance Corporation (AFC)


ASB Bank Limited


Banco Santander, S.A.


Bank of America


Blazehill Capital Limited


BP Gas Marketing Limited


Brown Brothers Harriman & Co.


BZ Commercial Finance Designated Activity Company


CCP Agency, LLC


Citibank N.A., London Branch


Credit Agricole Corporate & Investment Bank (London Branch)


Deutsche Bank AG London


East West Bank


Eclipse Business Capital, LLC


Erste Group Bank AG


Ecobank Rwanda


Evergreen Hill Enterprise Pte. Ltd.


First National Bank Zambia


FirstRand Bank Limited


Halkbank


Hamburg Commercial Bank AG


HSBC UK Bank plc


ICBC (London) plc


Industrial and Commercial Bank of China Limited


ING Bank


International Finance Corporation (IFC)


Jefferies Finance LLC


JP Morgan Limited


Keybank National Association


Korea Trade Insurance Corporation


Landesbank Baden-Wurttemberg


Liberty Mutual Insurance Company


Merrill Lynch International


MUFG Bank, Ltd. (London Branch)


Natixis


Nedbank


Nordea Bank Abp


Pine Street Partners III, LP


PNC Bank


RBC Europe Limited


Regions Bank


Royal Bank of Canada


Shell Energy Europe Limited


Shell International Trading & Shipping Co.


Shell Western Supply and Trading Limited


Siemens Bank Gmbh


SACE


Société Générale


Stanbic Bank


Standard Bank of South Africa (SBSA)


Standard Chartered Bank


Sumitomo Mitsui Banking Corporation (SMBC)


The Access Bank UK Limited


Truist Bank


UBS AG


Wells Fargo Bank


AIRRO (Mauritius) Holdings II (holding company of Leap Green Energy)


AMC V SCA


Bantry Bay


BP plc (including BP Gas Marketing)


Climate Bonds Initiative


Coca-Cola HBC


Eurasian Resources Group


Financial Services Compensation Scheme (FSCS)


Frontera Energy Corporation


Global Fashion Group S.A.


Global Partnership for Ethiopia


IMI plc


Infinity Power


IQUW


JTC plc


Moorgate Industries Limited


Kino Energía


Planet Payment Group Holdings


Reach plc


Roofoods Limited (Deliveroo)


Sabre Corporation Inc.


Surface Transforms plc


TIC Bidco


TC Energy and TransCanada Liquid Markets


Tullow Oil plc


UIL Limited


Utilico Emerging Markets Limited


Volution Group plc


Yorkshire Country Cricket Club


Principaux dossiers


  • Advised the Financial Services Compensation Scheme on the refinancing of its £1.45bn Revolving Credit Facility.
  • Advised longstanding client Citibank, as mandated lead arranger, coordinator and book runner, agent and security trustee, on a strategically important $500m term and revolving credit facility for luxury travel and leisure company Abercrombie & Kent.
  • Advised Société Générale as Mandated Lead Arranger and Agent, along with a syndicate of banks, in relation to two Green Loan Facilities for Cadeler A/S (Cadeler) totalling approximately €520m for the financing of two state-of-the-art newbuild Wind Turbine Installation Vessels under construction in the Republic of Korea.

White & Case LLP

With ‘a deep bench across both investment grade and leveraged loans’ and the versatility to advise on English and US law governed documentation, White & Case LLP is a popular choice among many high-profile banks to advise on syndicated loans. The scope of the work is broad, running the gamut from financings to facilitate general corporate lending and working capital requirements through to strategic M&A. As well as work in the leveraged finance space, ‘pragmatic and user-friendly’ team head Jeremy Duffy is also highly skilled at advising on investment grade and crossover credit deals, where he is able to draw from his ‘deep knowledge of the market and key market participants’. Working alongside ‘exceptional’ real estate finance practitioner Lisa Seifman, Duffy has also recently advised on a number of high-profile cross-border data centre financings. Shane McDonald and Peter Mason are also recommended.

Responsables de la pratique:

Jeremy Duffy


Autres avocats clés:

Shane McDonald; Peter Mason; Lauren Winter; Lisa Seifman


Les références

‘Strong team with a deep bench across both investment grade and leveraged loans.’

‘Jeremy Duffy. He works his deals; he doesn’t bait and switch. He has deep knowledge of the market and the key market participants, and is pragmatic and user-friendly. Respected by both banks and sponsors.’

‘Jeremy Duffy and Lisa Seifman are both exceptional partners who bring the knowledge of leveraged finance, project finance and real estate finance together to work seamlessly and effectively on data centre deals.’

‘Great client focus. Very up to date on market developments and risks posed to clients. Extremely responsive and proactive. Always helpful.’

‘Jeremy Duffy is my go to. He’s always available, commercial and balanced and I greatly value his advice and market knowledge.’

Principaux clients

Ares Management


Barclays Bank


Barings


Blackstone Alternative Credit Advisors


Citibank


Deutsche Bank


DNB Bank


Goldman Sachs


Golub Capital


J.P. Morgan


Nordea Bank


Royal Bank of Canada


Santander


SEB


Société Générale


Standard Chartered Bank


Oak Hill Capital


Principaux dossiers


Addleshaw Goddard

Although it does handle some borrower matters, Addleshaw Goddard is best known for its creditor-side offering, which includes work for a myriad domestic and international banks. The scope of this is broad ranging but includes a considerable volume of financing work for general corporate purposes and for event-driven transactions, including on behalf of investment-grade borrowers. Steve Mackie heads up the relationship driven and cost-effective team that is particularly active in the mid-market and aided by strong regional capabilities. Sarah Stokes handles a considerable amount of new money and refinancing-related corporate lending work, and is a key member of the team that includes funds finance expert Zoe Connor.

Responsables de la pratique:

Steve Mackie


Autres avocats clés:

Alex Dumphy; Ewen Scott; Lequn Su; Sarah Stokes; Zoe Connor


Les références

‘AG have a strong understanding of the professional services sector and have worked with us for many years so display a deep understanding of our issues and needs.’

Principaux clients

Aareal Bank


AgFe


AIB Group UK plc


Al Rayan


Aviva


Bank of Communications


Bank of Ireland


Bank of London & The Middle East plc


Bayerische Landesbank


British Arab Commercial Bank


Canada Life Investments


China CITIC Bank


China Merchants Bank


CIMB (London, Singapore and Malaysia)


Clydesdale Bank plc (part of Virgin Money)


Coutts & Co


Criterion Capital


Deutsche Hypothekenbank


Emirates NBD Bank, London Branch


Europa Capital Debt Investment


First Abu Dhabi Bank, London Branch


Fortwell Capital


Gaw Capital Group


GR Properties


Haitong Bank


Hamburg Commercial Bank


Handelsbanken plc / Svenska Handelsbanken AB (publ)


HB Reavis


Hengli Group (owner of Lloyds Bank HQ)


Hillview Real Estate


ICBC, Luxembourg Branch


ICICI


Industrial and Commercial Bank of China Limited, London Branch


Investec Bank plc


KAMCO Investment Company K.S.C.P.


Kasamar Holdings


KTB Asset Management


Landesbank Hessen-Thuringen GZ (Helaba)


Lembaga Tabung Haji


McLaren Property


MiddleCap Real Estate


Mount Anvil


Nationwide Building Society


Nord/LB, Hanover


OakNorth Bank plc


Peel


Public Bank Berhad


Public Islamic Bank Berhad


Puma Investments


Qatar National Bank, London Branch


RBC Europe Limited


Rocket Properties


Santander


Shanghai Pudong Development Bank


Standard Chartered Bank, India Branch


Tellon Capital


Tribeca


United Overseas Bank Limited


University Partnership Programme (UPP)


Venn Partners LLP (trading as ARA Venn)


JD Sports Fashion plc


MoneySuperMarket.com


Castore


COFCO International


Morgan Advanced Materials plc


NCC Group plc


Spirax-Sarco Engineering plc


Tata


Principaux dossiers


  • Acted for NatWest Markets as security agent in relation to a £450m senior secured notes issuance by Jerrold FinCo plc (a subsidiary of Together Financial Services Limited.
  • Advising Hampshire Trust Bank in respect of the structuring and drafting of structured finance facilities to Century Capital, utilising the application of securitisation techniques.
  • Acting for National Westminster Bank on the provision of a £45m revolving credit facility to Elixirr International plc for general corporate and working capital purposes.

Baker McKenzie

Baker McKenzie advises creditors and debtors across a range of debt finance solutions, leveraging expertise in English and New York law to handle high-value syndicated lending and event-driven financings. Nick O’Grady has strong banking ties, regularly advising syndicates to structure complex international financing transactions, expertly integrating English law documents with New York style covenants. The team is also very skilled at handling emerging markets mandates, with Luka Lightfoot regularly taking the lead for both commercial banks and ECAs on the financing to facilitate Africa-based energy and infrastructure deals, in particular. Matthew Cox co-heads the team alongside O’Grady.

Responsables de la pratique:

Nick O’Grady; Matthew Cox


Autres avocats clés:

Sebastien Marcelin-Rice; Luka Lightfoot; Oliver Jefferies


Les références

‘They’ve got the smarts. A top team which provides commercial advice and focuses on client goals. I feel fully supported when I work with Bakers.’

‘They go the extra mile. They understand what our objectives are and make sure we achieve our goals, and they don’t get hung up on legal points.’

Principaux clients

Carlsberg Breweries A/S


Principaux dossiers


  • Advising Carlsberg in connection with the £4.3bn bridge financing to support its take-private acquisition of Britvic PLC.

Bryan Cave Leighton Paisner

Led from London by Emma Howdle-Fuller and aided by a strong presence in key regional centres, including Manchester, the commercial lending team at Bryan Cave Leighton Paisner provides a relationship driven service to banks and corporates providing or receiving the funding for a myriad of ongoing and ad-hoc financing opportunities. Derek Hrydziuszko has vast experience in the market across a myriad new money and refinancing transactions, including for investment grade and sub-investment grade rated corporates, often involving multi-jurisdictional considerations. New York-qualified Shanan Dunstan is able to advise on transactions involving bank and high yield bond debt and also regularly acts for banks and borrowers on hybrid ABL/cash-flow structures.

Responsables de la pratique:

Emma Howdle-Fuller


Autres avocats clés:

Derek Hrydziuszko; Shanan Dunstan


Principaux clients

Nordea Bank


Cibes Lift Group


Bank of China (London Branch)


Scotiabank/Bank of Nova Scotia


Harlan Capital Partners


Coöperatieve Rabobank


Factofrance


Romulus Holdings


Aferian


TFG Brands (London)


Playtech


Enel


Collinson


Société BIC (BIC)


ESCO Technologies


Wells Fargo


Tesco


Rabobank


WildBrain


Principaux dossiers


  • Advising Wells Fargo on channel and inventory financing facilities valued in US$ multi-billions.
  • Advised Enel, the global utility giant, as English counsel in relation to a SGD-linked ECA facility agreement, entered into between Citi (London Branch), as original lender, mandated lead arranger, global coordinator and agent, Enel Chile, as borrower, with Enel as guarantor.
  • Advised Rabobank on a complex and high-value multi-jurisdictional financing for a high-profile acquisition in the agribusiness sector, creating the second-largest berry company in the world.

Cleary Gottlieb Steen & Hamilton

The nimble and flexible partner-led team at Cleary Gottlieb Steen & Hamilton is well-placed to advise its borrower-focused client base, including private equity-owned portfolio companies, across a myriad new money and refinancing transactions, frequently involving funding provided by banking syndicates. Jim Ho is emblematic of this versatility, being conversant across a range of banking and capital markets finance products to help facilitate funding opportunities for corporate clients, as well as for sovereign borrowers in a restructuring capacity. Often working alongside colleagues in New York, the team is also skilled at helping European companies access debt in the US markets, and for US corporates looking toward Europe. Ho co-heads the team alongside Ed Aldred  and Alexander van der Gaag, who are both best-known for their leveraged finance expertise.

Responsables de la pratique:

Edward Aldred; Sui-Jim Ho; Alexander van der Gaag


Autres avocats clés:

Jonathan Griggs; Pritika Advani


Les références

‘Edward Aldred provides extremely high-quality advice and has the ability to explain complex legal matters in a concise way.’

‘Excellent quality, consistent team structure, excellent project management with split of responsibilities to move forward on different work streams in parallel.’

Principaux clients

Belron Group


Bridgepoint


Bridgepoint


DataExpert


Jacobs Holdings


Cognita


Jacobs Holdings


Colosseum Dental Group


Central Group


Selfridges Group


Warburg Pincus


Sundyne


Principaux dossiers


  • Advised Belron in a $4.69bn and €2.05bn incremental amendment to refinance its existing credit agreement.
  • Advised Bridgepoint on the £77.5m TLB and £7.5m RCF financing of its £169m acquisition of Eckoh plc (UK Public Takeover).
  • Advised Jacobs Holdings and its portfolio company Cognita Schools on its debut US market TLB issuance, raising $450m and related refinancing of €500m European market TLB

CMS

Led from London by Patrick Donegan and also able to draw from resources in key regional and international locations, CMS is well-positioned to provide ‘sound advice’ at a cost-effective price point to a lender-focused client base that includes international and domestic banks. Drawing upon ‘a bottomless reservoir of knowledge and experience’ and a ‘strong read on the mid-market’, Tom Siggers excels in handling corporate lending work, including utilising bilateral and syndicated facilities for working capital purposes and for M&A purposes. Other key practitioners include Alex Patience, who regularly advises banking syndicates on investment-grade financings; Mark Moseling, who has niche healthcare finance expertise; and Charles Kerrigan, for fintech funding work.

Responsables de la pratique:

Patrick Donegan


Autres avocats clés:

Charles Kerrigan; Anne Chitan; Kerry Langton; Ruth Marken; Mark Moseling; Alex Patience; Tom Siggers; John Dawson; Tom Hughes; Katie Duffield; Simon Johnston


Les références

‘The cost-effective team provides reliable, sound advice, with a strong read on the mid-market and lower mid-market.’

‘Commercial and pragmatic – they want to deliver the deal their client has agreed in a clean, efficient and collaborative way without trying to point score.’

‘Tom Siggers is hard-working, responsive and easily one of the nicest guys in the mid-market.’

Principaux clients

HSBC


Citibank


Barclays


FifthThird


Unicredit


Northern Bank


BVCA


JP Morgan


Commonwealth Bank of Australia


Aviva


MetLife


Legal and General


Horizon Capital


Swiss Life Asset Management


Vesper Infrastructure


Media Concierge


Markbygden Ett AB


Albo Holding


Hokodo


Principaux dossiers


  • Acting for a syndicate of lenders (HSBC, Citibank, Barclays, FifthThird, Unicredit, Northern Bank, BVCA, JP Morgan) in $400m cross-border facilities for Volex plc.
  • Acted for the syndicate of lenders to British Solar Renewables on its first portfolio financing of solar PV and BESS projects.
  • Advised the creditors to Renewable Power Capital (RPC) on the closing of long-term senior facilities, totalling €555m, relating to a 553MW portfolio of onshore wind projects owned by RPC in Sweden.

Dentons

Leveraging strong relationships with UK and international banks, Dentons is very effective at advising on domestic and cross-border syndicated financing mandates, including for investment-grade corporates, for general corporate and event-driven purposes. The ‘customer-oriented and pragmatic’ Simon Middleton has longstanding and loyal connections with Nordic lenders, including SEB and Danske Bank, both of which formed a banking syndicate alongside BNP Paribas to fund the recommended cash offer by Carlsberg UK Holdings for British soft drinks maker Britvic Plc, which Middleton recently led on. Catherine Astruc is also a very accomplished banking lawyer, including on corporate-led acquisition finance mandates, while at a more junior level Joe Byron Evans and James Ingham both continue to develop strong reputations advising financial institutions on syndicated lending transactions for banks as borrowers across Eastern Europe, Africa and the Middle East. Nick Hayday heads the team.

Responsables de la pratique:

Nick Hayday


Autres avocats clés:

Simon Middleton; Catherine Astruc; Richard Sharples; Will Turner; James Ingham; Joe Byron Evans; Marc Gilston


Les références

‘The service level and professionalism is excellent. Always ensures there are senior lawyers working on the transactions, and it is very clear that the partner is always on top of the process, which is not the case from many of the other UK law firms.’

‘Simon Middleton is customer-oriented and pragmatic.’

Principaux clients

HSBC Bank


BNP Paribas


NatWest


Skandinaviska Enskilda Banken (SEB)


ICBC


Mizuho Bank


Emirates NBD


Société Générale


Standard Chartered Bank


Commerzbank


Kilter Finance


Nordea Bank


Danske Bank


Swedbank


Handelsbanken


Fifth Third Bank


CoinShares


Leadenhall Capital Partners


Crestline


KSL Capital Partners


KPS Capital Partners


Oman Investment Authority


Principaux dossiers


  • Advising the lenders in connection with a £4.3bn syndicated acquisition facility made available to Carlsberg Breweries A/S to fund the recommended cash offer by Carlsberg UK Holdings Limited for British soft drinks maker Britvic PLC.
  • Advising Bank of America and a syndicate of lenders on a $1.4bn multicurrency revolving loan facility agreement to be utilised by Aegon Ltd for its general corporate purposes.
  • Advising ICBC and a syndicate of lenders on the $465m Asian syndicated facility agreement and a $600m bridge facility for The Standard Bank of South Africa.

DLA Piper

The partner-led team at DLA Piper provides ‘pragmatic and thorough’ advice to a borrower-focused client base across a range of corporate lending and event-driven transactions, with many of them sourced utilising funding provided by banking syndicates. The ‘very strong’ Mark Dwyer plays a pivotal role in the firm’s success on the debtor side, providing strategic guidance to investment-grade and listed corporations across their capital structure. Dwyer advises on all aspects of financing and corporate treasury matters, as well as the funding of UK public takeovers of listed companies. The ‘highly responsive and organised’ Mei Mei Wong‘s versatile practice includes fund finance transactions, as well as a considerable volume of corporate lending and acquisition finance matters for borrowers, including on funding provisions utilising sustainability-linked terms.

Responsables de la pratique:

Mark Dwyer


Autres avocats clés:

Neil Campbell; Matt Christmas; Mei Mei Wong; Richard Normington; Charlotte Lewis-Williams; Derwin Jenkinson; Lilly Alamir


Les références

‘The team provides strong partner-led advice.’

‘Very pragmatic and thorough – the team really builds trust with their clients and are great advocates for the business.’

‘Mark Dwyer is very strong and resolves issues effectively.’

‘Mei Mei Wong is highly responsive and organised, she cuts through the issues for her clients and makes it clear where input is needed. She is able to negotiate through complicated points on behalf of her clients with ease.’

‘Very efficient team – workload distribution is amazing and got things done.’

‘Mei Mei Wong was incredibly efficient and solution-focused in her approach. Very knowledgeable, commercial, and always available when needed.’

Principaux clients

VEON Holdings B.V.


Mothercare PLC


Zedra


Fremman Capital


Warner Brothers Discovery


Northleaf Capital Partners


Standard Chartered Bank


HSBC Innovation Bank


Duke Street


Drax Group plc


John Swire & Sons Limited


Concord Music


Principaux dossiers


  • Acted for Drax Corporate Limited on a new sustainability-linked £450m revolving credit facility maturing in 2027 with options to extend by two years.
  • Acted as counsel to the Agent and the Mandated Lead Arrangers with Standard Chartered Bank as documentation agent in connection with a $250m equivalent multi-currency green syndicated term loan facilities to Joint Stock Commercial Bank « Agrobank ».
  • Advising WBD and its subsidiary Discovery Communications on their entry into a new $6bn multicurrency revolving credit agreement for general corporate purposes with Bank of America, N.A. serving as the administrative agent, swing line lender, and L/C issuer.

Hogan Lovells International LLP

While Hogan Lovells International LLP is a key player in mid-market leveraged finance, primarily advising credit funds, it also maintains strong bank relationships, regularly assisting with syndicated lending, new money transactions, and refinancing deals. Although the team is product and industry agnostic, it has particular skill advising on financings within the highly regulated insurance sector, where Penny Angell provides ‘excellent commercial advice on a timely basis’. Global head of banking Paul Mullen is best known for his direct lending offering, as is Jo Robinson, who has also established a strong reputation advising on annual recurring revenue (ARR) growth financing to tech businesses. The team is rounded out by Katie Gill who handles some borrower work, including for investment-grade corporates on cross-border transactions.

Responsables de la pratique:

Paul Mullen


Autres avocats clés:

Penny Angell; Jo Robinson; Katie Gill; Francis Booth; Nick Cusack


Les références

‘Penny Angell provides excellent commercial advice on a timely basis.’

‘They have the ability to blend seamlessly with an internal team.’

Principaux clients

HSBC


NatWest


Lloyds Bank


Principaux dossiers


  • Advising Smurfit Kappa on its financing as part of its $24bn merger with US-based WestRock Company.
  • Advising Argus Group, a Bermuda insurance group, on the financing of its acquisition of a stake in BF&M (another Bermuda insurance company)and subsequent amalgamation of BF&M and Argus Group.
  • Advising Aston Villa Football Club, in respect of a revolving credit facility agreement with Goldman Sachs as arranger and original lender.

Macfarlanes LLP

While Macfarlanes LLP is best-known for its private capital expertise in the leveraged finance market, it also has a fairly substantial borrower side offering in the corporate lending space, both for standalone corporations and sponsor-owned portfolio companies. Kirstie Hutchinson who is key to this work adds particular value to cross-over credits requiring bespoke security structures, many of which include complex inter-creditor arrangements. Hutchinson also regularly advises on the English law aspects associated with work for US-listed companies. Malcolm Hitching also handles some conventional debt finance work as well as having niche expertise on financings in the litigation and legal assets sector. Andrew Perkins heads up the overarching finance department and is best-known for his alternative credit leveraged finance expertise.

Responsables de la pratique:

Andrew Perkins


Autres avocats clés:

Kirstie Hutchinson; Malcolm Hitching; Adam Caines; Pinar Celebi


Les références

‘The team is extremely knowledgeable, partner led and responsive.’

‘Kirstie Hutchinson is very passionate and knowledgeable, very detailed and easy to work with.’

‘Kirstie Hutchinson has excellent knowledge and commercial application of that knowledge.’

Principaux clients

Gemcorp Capital Management Limited


J D Wetherspoon Plc


Cimpress plc


Credit Agricole Corporate and Investment Bank


Principaux dossiers


  • Advised Gemcorp (as lender) in relation to its on-going investment in the Walkabout group (Australia).
  • Advised J D Wetherspoon Plc on a refinancing with its syndicate of thirteen banks, including HSBC, BNP Paribas, NatWest, Barclays, Rabobank and Lloyds as mandated lead arrangers.
  • Advised long-standing NASDAQ-listed multinational client Cimpress plc on the English law aspects of its refinancing.

Simmons & Simmons

The ‘well-balanced team’ at Simmons & Simmons provides ‘pragmatic and responsive’ advice to banks and a growing roster of large-listed corporates across a broad swathe of corporate lending, event-driven and M&A financing. Team head Kirsty Barnes is across both creditor and debtor sides of the practice, being particularly active of late on data centre financings. Elliot Beard is also key to the firm’s success in handling corporate lending and acquisition financings, including on deals utilising sustainable financing terms. At an associate level, Erica Houlihan is a ‘reassuring pair of hands’ and Emmie Spring-Manek has ‘a really good knowledge of her market’.

Responsables de la pratique:

Kirsty Barnes


Autres avocats clés:

Elliot Beard; Helen Hagan; Laurie Keel; Emmie Spring-Manek; Erica Houlihan; Peter O’Donnell


Les références

‘The team provides pragmatic and responsive advice.’

‘It is a well-balanced team, with good knowledge and a client-focused approach.’

‘Kirsty Barnes 100% knows her game and gives practical advice which is easy for a non-expert to follow.’

Principaux clients

Ashgrove Capital LLP


Kartesia Management


Triple Point Advancr Leasing PLC


Santander UK plc


Tresmares Capital


Brookfield / Data 4 Group ‎


Blue Alliance Limited


Ascona Group Holdings Limited


Napier Technologies Group Limited


VIRTUS Data Centres


Venture Life Group plc


Nurture Landscapes Limited ‎


Blue Finance Limited


Rivulis Irrigation


Principaux dossiers


  • Acting for Data 4 Data Centres on its cross-border capex financing facilities.
  • Advised Blue Alliance on a first of its kind loan facility for Blue Finance, to be provided by BNP Paribas.
  • Advised Ashgrove in relation to an annual recurring revenue facility to Xempus, to finance cash on balance sheet for organic growth activities and acquisitions.

Skadden, Arps, Slate, Meagher & Flom (UK) LLP

Regularly working alongside the firm’s top-notch corporate practice, Skadden, Arps, Slate, Meagher & Flom (UK) LLP provides debt finance expertise on some big-ticket corporate-led M&A mandates. In this context, the firm is well-placed to provide sophisticated advice utilising debt throughout the capital structure, governed by both English and New York law. Team head Pete Coulton is key to much of this work and has also recently handled a number of borrower-side mandates in relation to multi-jurisdictional data centre financings.

Responsables de la pratique:

Pete Coulton


Autres avocats clés:

Sebastian FitzGerald; Zoe Cooper Sutton; Rui Qi; Brendan Macreadie


Les références

‘The team has tremendous expertise in financing complex multi-stage data centre construction projects.’

‘The collaboration between Pete Coulton and Steven Messina across EMEA and USA is excellent, and they have formed a unique synergy in being able to finance deals in the USA and EMEA seamlessly.’

Principaux clients

58.com Inc.


Adevinta ASA


Blackstone Inc.


Blue Owl Digital Infrastructure


Castlelake L.P.


Energy Infrastructure Partners AG


Engelhart Commodities Trading Partners


Intelsat S.A.


International Paper Company


JAB Holding Company


Las Vegas Sands Corp.


L’Occitane Groupe


Markerstudy Group


Optio Group


Plata


Pollen Street Capital


SDC Capital Partners


SDCL Edge Acquisition Corporation


The Travel Corporation


Principaux dossiers


  • Advising JAB and its affiliate Acorn Holdings B.V. in connection with the financing of its acquisition of shares in JDE Peet’s N.V.—the world’s largest pure-play coffee& tea company—from global snack giant Mondelez.
  • Advised Adevinta and its special committee of independent directors in connection with financing aspects of the $13.2bn bid to acquire Adevinta by Permira Advisers LLP and The Blackstone Group International Partners LLP, and including General Atlantic Service Company, L.P.
  • Advised L’Occitane Groupe S.A. and Reinold Geiger, the majority shareholder of L’Occitane International, S.A., a global luxury cosmetics group based in Europe and listed on the Hong Kong Stock Exchange, in the financing aspects of the take-private bid for L’Occitane International.

Bird & Bird LLP

Bird & Bird LLP regularly handles syndicated lending work and investment-grade financings for banks and borrowers, adding particular value in areas of firmwide sector expertise. The sports industry remains a fertile source of instructions, with Claire Barker excelling in handling creditor and debtor work relating to, inter alia, stadium financings, player transfer and media rights financings. The firm also remains very active on lender-focused emerging markets transactions, where Andrew Hallgarth has longstanding relationships with development finance institutions, in particular. Team head Joss Hargrave is well-versed in handling new money mandates, including within the sports sector, as well as providing expertise to stakeholders in relation to distressed financings.

Responsables de la pratique:

Joss Hargrave


Autres avocats clés:

Andrew Hallgarth; Claire Barker; Samrad Nazer; Toby Cooper; Dan Campbell


Principaux clients

European Bank for Reconstruction and Development (EBRD)


MGG Investment Group


Santander UK plc


Macquarie Bank Limited, London Branch


Santander UK plc


International Restructuring Company (IRC)


BMO


International Investment and Underwriting (IIU)


Kindred Education Limited


Southampton Football Club


Gamma Communications plc


Galanthus Partners Ltd


Job & Talent


Principaux dossiers


  • Advised the EBRD on establishing and funding a Guernsey insurer to provide retrocession insurance for Ukrainian war risk, facilitating the re-establishment of insurance products and supporting Ukraine’s reconstruction.
  • Acting for Macquarie in relation to their financing of sports clubs in the UK, Europe and Latin America.
  • Advised listed client Gamma Communications plc on a major investment grade revolving credit facility, to be used in part for the acquisition of STARFACE GmbH.

Davis Polk & Wardwell LLP

With a strong grounding across both English and New York-law governed debt products, Davis Polk & Wardwell LLP handles a range of financing work for lenders and corporates, including investment-grade loans and investment-grade acquisition financings. Team head Nick Benham regularly undertakes large transatlantic broadly syndicated finance deals, and also excels in handling UK public bid financings. Aaron Ferner also excels in advising on investment-grade deals for public acquisitions, as well as being a trusted adviser to financial advisers on cash confirmations for UK public acquisitions. Luke McDougall is also a key part of the finance team, although his focus is primarily lender-side on sponsor-backed leveraged deals.

Responsables de la pratique:

Nick Benham


Autres avocats clés:

Luke McDougall; Aaron Ferner; Joshua Bunn; Ludovico Giannotti


Principaux clients

PT Freeport Indonesia


Lightyear Capital


Wren Sterling


Comcast/Sky


Hayfin Capital Management


Citigroup


J. P. Morgan


Morgan Stanley


Goldman Sachs


Bank of America


McDermott Will & Schulte

Under the guidance of Aymen Mahmoud, the ‘very practical and hands-on’ team at McDermott Will & Schulte has, in recent years, gained most traction for its work in the private credit space on mid to upper-mid-market leveraged finance transactions. The arrival in mid-2024 of John Burge and Christopher Kandel from Morrison Foerster has not only further enhanced this core strength but also afforded the firm more visibility among banks and borrowers in the syndicated loan market. Kandel, in particular, has ‘vast knowledge’ of different finance structures governed by both UK and US law, and consequently, over his many years’ in practice, has developed a trusted advisor role, particularly for stakeholders in the large-cap acquisition finance space.

Responsables de la pratique:

Aymen Mahmoud


Autres avocats clés:

Christopher Kandel; Mark Fine; John Burge; Giulia Venanzoni; Sophie Rezki


Les références

‘They are very practical and hands-on.’

‘Christopher Kandel has vast knowledge.’

Principaux clients

Blue Owl Capital Corporation


Northwestern Memorial Healthcare


Golub Capital LLC


Antares Capital LP


Blackstone Alternative Credit Advisors LP


European Depositary Bank S.A.


Goldman Sachs Principal Investments


Piper Sandler Finance and HPS Investment Partners


Principaux dossiers


  • Represented Blue Owl Capital Corporation in the $310m refinancing of the existing debt of the Lakefield Vet Group, a family-owned veterinary business which has Peloton Capital Management as a minority investor.
  • Represented Northwestern Memorial Healthcare a leading US- based academic healthcare organisation, as lender on the provision of a convertible loan to The London Clinic Limited, the UK’s largest independent charitable hospital.
  • Advised a consortium of lenders, including Blue Owl, Golub Capital, Ares Capital, Guggenheim Partners, CVC Credit, and Partners Group as senior secured lenders and HSBC Bank as senior secured lender and hedge provider, on a monumental Unitranche financing of $2bn for the refinancing of RL Datix, owned by Five Arrows, TA Associates, and Nordic Capital.

Ropes & Gray LLP

Ropes & Gray LLP excels in handling work for investment banks and multinational corporates seeking or providing funding for large-cap deals incorporating both UK and US-law governed financing techniques. The scope of this work is broad, including event-driven transactions implementing syndicated lending facilities, as well as refinancings and funding for working capital purposes. Although the firm is industry agnostic, it handles a considerable amount of work in the telecommunications space, including for Altice, one of the biggest issuers of bonds and loans in the European market. UK and US-qualified high-yield debt expert Michael Kazakevich is key to these transactions and heads up the team that also includes Alex Robb and Benoit Lavigne who are both very accomplished finance lawyers.

Responsables de la pratique:

Michael Kazakevich


Autres avocats clés:

Alex Robb; Benoit Lavigne; Ana Biloglav; Luwam Mezue


Principaux clients

Goldman Sachs International


Jefferies


Mizuho


Principaux dossiers


Simpson Thacher & Bartlett LLP

As well as its core focus on private equity sponsor-led leveraged finance deals, Simpson Thacher & Bartlett LLP also maintains a not insignificant corporate borrower financing practice which benefits from the firm’s extensive knowledge of debt products throughout the capital structure, both through the syndicated loans and high yield bond markets. Shahpur Kabraji is key to much of this work, including for sponsor-backed portfolio companies on large-scale refinancings, as well as some large-cap lending transactions for institutional investment-grade corporate clients of the firm. For lender work, Hadrien Servais who splits his time between the firm’s Brussels and London offices, provides ‘commercially driven and solutions-oriented’ advice to credit funds and investment banks on syndicated credit facilities and debt financing solutions spanning all market cycles. Nicholas Shaw heads the team.

Responsables de la pratique:

Nicholas Shaw


Autres avocats clés:

Hadrien Servais; Shahpur Kabraji; Bryan Robson


Les références

‘Very strong team with a deep knowledge of current market practice/trends and an ability to advise in a value-add, digestible manner.’

‘Hadrien Servais provides commercially driven and solutions-oriented advice.’

‘Hadrien Servais is extremely client friendly, knowledgeable and able to unlock complex negotiations in a thoughtful manner. He also provides good counsel and creative solutions to complex problems.’

Principaux clients

Barclays


Blackstone Capital Partners


BNP Paribas


Crédit Agricole


Deutsche Bank


Flutter Entertainment plc


Goldman Sachs


HSBC


Jefferies


JP Morgan


Melrose plc


Morgan Stanley


Natixis


NatWest


Nomura


Norvestor


PHM Group


SMBC


TDR


Tikehau


Principaux dossiers


  • Representation of the initial purchasers and lenders on a $6.2bn refinancing by Howden.
  • Representation of Melrose plc on multiple large cap corporate financings, totalling approximately £2.3bn.
  • Representation of funds managed by Blackstone Tactical Opportunities in its €1.3bn refinancing of their existing strategic investment in Superbet Group.

Winston & Strawn LLP

Led by the highly experienced Ian Borman, Winston & Strawn LLP‘s nimble finance team excels in handling complex cross-border lending transactions, including in the emerging markets. Here it is able to leverage its deep expertise across a myriad debt products throughout the capital structure to support a well-balanced mix of borrowers and lenders. Daniela Cohen also handles some corporate lending work, although she is particularly adept at working alongside the New York office for lenders providing the funding to facilitate sports-related stadium projects.

Responsables de la pratique:

Ian Borman


Autres avocats clés:

Daniela Cohen; Eliana Torrado Franco


Principaux clients

Hiscox Plc


Mizuho Bank


Electrify Video Partners Limited


Brintons Carpets


Beck & Pollitzer


OASE Holdings GmbH


Principaux dossiers


  • Advising Citibank on a series of local currency facilities for multilateral development banks, EBRD and IFC, denominated in Ukainian hyrivnia, Polish zyloty and Tunisian dinar.
  • Advising JPMorgan Chase Bank, as construction lender, and Barings and Apollo, as noteholders, in connection with the c£275m financing the construction and operation of the Co-op Live entertainment arena in Manchester.
  • Advising Hiscox plc in connection with refinancing of their c$900m working capital and letter of credit facilities and associated amendments to their $65m securities lending facilities.

Bracewell (UK) LLP

The ‘experienced and solutions-oriented’ team at Bracewell (UK) LLP has a dedicated focus for lenders and borrowers on financings within the energy and natural resources sector. Team head Jason Fox regularly handles syndicated lending work in the context of his market-leading reserve-based lending offering. Olivia Caddy is also skilled at handling upstream oil and gas financings, particularly in Francophone African countries. Oliver Irwin is also a key member of the team advising lenders and borrowers on power and infrastructure projects, including those requiring multi-sourced financings.

Responsables de la pratique:

Jason Fox


Autres avocats clés:

Olivia Caddy; Oliver Irwin; Ro Lazarovitch; Tom Jamieson; Eimear Murphy; Gordon Stewart


Les références

‘The team is experienced and solutions oriented.’

‘They have a very strong team on the oil and gas financing and M&A side, with years of experience in this particular market.’

‘It is an absolute pleasure to deal with Tom Jamieson and Gordon Stewart! I know when I have them on file that this will be a plain sailing file, even when they are dealing with complex matters. The synergy there is between Tom and Gordon is a definite advantage to any client.’

Principaux clients

HSBC Saudi Arabia & the lenders for the financing


Natixis


Alinma Bank


Riyad Bank


Vision International Investment Company


Abu Dhabi National Energy Company PJSC (TAQA)


Gulf Investment Corporation


Lenders to Transdev, Nesma and TCC


Al-Jil Alati


Japan Bank for International Cooperation (JBIC)


Sumitomo Mitsui Trust Bank


Standard Chartered Bank


International Power S.A. (Dubai Branch)


Lenders for Refinancing for SMN Barka Power Company S.A.O.C.


BlueNord Energy Denmark A/S


Ithaca Energy (UK) Limited


Assala Energy


Principaux dossiers


  • Advising HSBC Saudi Arabia on the financing of the designing, building, operating, insuring and maintenance of residential communities and associated facilities and services of the Oxagon community.
  • Advised the lenders to Tamasuk Holding Company and Alghanim International on the development and financing of the Al Ansar PPP project in KSA being procured by competitive tender by the Ministry of Health of Saudi Arabia.
  • Advising the Vision International Investment Company, TAQA and GIC consortium in relation to its successful bid for Juranah Independent Strategic Water Reservoir Project.

Burges Salmon LLP

With a strong presence in Bristol and London, Burges Salmon LLP‘s versatile banking and finance team has the strength-in-depth and product knowledge to handle a significant volume of mid to upper-mid market debt finance transactions for lenders and borrowers. Energy, real estate and transport-related transactions remain a strength, with Graham Soar and Rachael Ruane recently advising longstanding client, British multinational transport group FirstGroup plc, on the financing of two interconnected projects involving up to 1,000 electric buses, with a combined debt size exceeding £200m (one of which was documented as a green loan). Andrew Eaton heads the team.

Responsables de la pratique:

Andrew Eaton


Autres avocats clés:

Rachael Ruane; Rohan Campbell; Graham Soar; Stuart McMillan; Richard Leeming; Katie Allen; Victoria Allsopp; Alistair Rattray; Tom Farrell; Alison Logan; Christopher Herford; Elin Blundell; Luke Addison


Principaux clients

HSBC


FirstGroup plc


Atlantic Green UK Limited


Rock Rail Holdings Limited


Santander


Rabobank


TP Leasing


Kineo Finance AG


National Westminster Bank plc


Export Development Canada


Investec Bank plc


Banco de Sabadell S.A.


AIB Group (UK) plc


Principaux dossiers


  • Advised longstanding listed client FirstGroup plc on the financing of two interconnected projects involving up to 1,000 electric buses, with a combined debt size exceeding £200m.
  • Acted for Atlantic Green in securing a £152m financing package for the construction of the 624MWh Cellarhead battery energy storage system (BESS).
  • Advised Santander UK, Triple Point and Rabobank on the £70m construction financing of an additional battery energy storage owned and managed by global clean energy enterprise TagEnergy.

Cravath, Swaine & Moore LLP

As well as making a strong impact within the leveraged finance arena, Cravath, Swaine & Moore LLP‘s relatively newly formed English law finance offering has also picked up its fair share of mandates for banks in relation to corporate lending and event-driven syndicated lending transactions. Philip Stopford has been key to much of this workflow, often collaborating with the firm’s New York office for facilities marketed to US investors, including on some major repricings to take advantage of attractive market conditions. Korey Fevzi heads up the firm’s EMEA banking and credit team from London and has been instrumental to the firm’s immediate creditor-side success in the leveraged finance market.

Responsables de la pratique:

Korey Fevzi


Autres avocats clés:

Philip Stopford; Jackson Lam; Chantelle Dovey; John Hutton


Les références

‘Good sized team that offers a broad range of skills, allowing them to handle complex matters with agility. Strong connectivity between teams ensure seamless collaboration and knowledge sharing.’

‘I usually work with Korey Fevzi a partner in the finance group. I thoroughly enjoy working with him. He is always available and provides timely, concise and practical advice on complex matters. He remains calm and in control even when deals are stressful.’

Principaux dossiers


  • Represented the agent and bookrunners in connection with the repricing and upsize of EG Group’s €1.6bn and $1.7bn term facilities.
  • Represented the lead arranger, bookrunner, lenders and administrative agent in the c.$4.6bn financing package for American Axle’s takeover of Dowlais.
  • Represented the arrangers in a $4.7bn term loan facility and a €2bn term loan facility made available to Belron.

Eversheds Sutherland (International) LLP

Led from London by Nick Swiss and also often working closely with practitioners in key financial centres, both regionally and internationally, Eversheds Sutherland (International) LLP is well-placed to advise banks and corporates providing or receiving the financing to facilitate domestic and cross-border corporate financing needs. Chris Williams is key to much of this work, advising a number of listed corporates on their core loan and treasury requirements, as well as regularly handling syndicated lending work to facilitate event-driven M&A.

Responsables de la pratique:

Nick Swiss


Autres avocats clés:

Chris Williams; Catherine Jones; Alistair Stark


Principaux clients

CRH


Next


XP Power


Citi


ING Bank


HSBC


NatWest


SMBC Bank International


Principaux dossiers


  • Advised a syndicate of banks on the refinancing of Avolta AG’s core credit facility.
  • Advised a syndicate of banks on new term and revolving credit facilities for GlobalData.
  • Advised a multinational pharmaceuticals company on a complex financing package from four funding providers.

Fried, Frank, Harris, Shriver & Jacobson LLP

Led from London by Jons Lehmann, and drawing upon resources from key international financial centres including New York, Fried, Frank, Harris, Shriver & Jacobson LLP‘s ‘high-quality’ practice is well-positioned to advise a lender-focused client base on domestic and cross-border corporate lending and event-driven transactions. A ‘brilliant legal mind’, Neil Caddy is core to the firm’s success in the space and excels in providing ‘extremely strategic advice’, including in the context of back leverage financings and sustainability-linked loans.

Responsables de la pratique:

Jons Lehmann


Autres avocats clés:

Neil Caddy; Graham Greenwood; Ryan Jenkinson


Les références

‘Fried Frank has a high-quality practice capable of handling both domestic and cross-border transactions.’

‘Neil Caddy is a brilliant legal mind, extremely strategic and has great judgement on complex matters.’

Principaux dossiers


Greenberg Traurig, LLP

Under the leadership of asset finance specialist Graeme McLellan, Greenberg Traurig, LLP‘s banking and finance team manages general syndicated lending and investment-grade borrower matters, with a strong focus on key firmwide sectors including real estate and transport. Luke Lado is an important member of the team in light of his versatile practice that includes work for banks, funds and corporates in new money and distressed situations, including in the context of investment grade and cross-over credit financings.

Responsables de la pratique:

Graeme McLellan


Autres avocats clés:

Luke Lado; Rupert Cheetham; Sierra Taylor; Nickie Pickernell; Suraj Padhiar


Les références

‘I think that as a team, they take the time to get to know their client, and to truly understand the key commercial drivers that will determine success. They then ensure that all the advice they give is through that commercial prism.’

Principaux clients

Coöperatieve Rabobank


InPost


Principaux dossiers


  • Advising Coöperatieve Rabobank U.A. in connection with the amendment and restatement of a $662.5m acquisition facility with a $750m flex option made available to Sprague Energy and Hartree Partners (as lead sponsor).
  • Advising InPost on the acquisition of a 70% equity stake in Menzies Distribution in an all-cash transaction.

Keystone Law

At tech enabled full-service law firm Keystone Law, Isaac Felberbaum and Robert Spedding are focused on advising financial institutions, in either a bilateral or syndicated arrangement, providing loans to supra-national trade entities, multilateral trade finance institutions and banks, particularly in emerging economies. Much of their recent work in this regard has taken place within Turkey, including unsecured syndicate loans to many leading banks in the country containing ESG/sustainability ratchet provisions.

Autres avocats clés:

Isaac Felberbaum; Robert Spedding; Simon Deane-Johns; Martin Brown; Fara Mohammad; Anastasia Papadopoulou


Les références

‘The USP of the team is that the team consists of experienced lawyers who give expert advice with an extremely quick turn around, who take great care over their work.’

‘I deal with two partners in their Banking team: Isaac Felberbaum – simply amazing, always available, unflappable and a fount of expert experienced legal advice. We also work with Rob Spedding, who is an excellent banking lawyer.’

‘Isaac Felberbaum and Rob Spedding have vast knowledge in the syndicated loan space and know all aspects of the process as well as understand both, the borrower’s needs and the lenders’ requirements to find a consent.’

Principaux clients

Emirates NBD Capital Limited


Santander UK PLC


Bank of America Europe DAC


Principaux dossiers


  • Advised Emirates NBD Capital Limited as documentation agent and arranger in relation to a high-value unsecured syndicated $323m and €303m loan facility for VakifBank as borrower.
  • Provided Isle of Man transactional assistance to Santander UK in respect of several real estate finance transactions including a £10m loan facility made available in respect of the acquisition of an Isle of Man borrower which owns an office building in Guildford.
  • Acted for Bank of America as documentation agent and arranger in relation to a high-value unsecured syndicated $432.17m and €297.6m loan facility for Akbank Türk Anonim Şirketi as borrower.

Arnold & Porter

Acting on its own as well as frequently working alongside New York-based colleagues to advise on the English law documented finance needs of US corporates, the small and flexible partner-led team at Arnold & Porter advises both banks and borrowers across a range of financing mandates, including for general corporate lending needs and event-driven financings. Team head Marc Isaacs is key to this work and, as well as regularly supporting institutional corporates on their UK law finance needs, also has niche lender-side sports finance expertise.

Responsables de la pratique:

Marc Isaacs


Principaux clients

Bank of America


Nomura


Principaux dossiers


McGuireWoods London LLP

The ‘exceptional’ team at McGuireWoods London LLP provides a ‘fantastic service’ to US-based lenders, including on bilateral and syndicated deals, to facilitate a range of transatlantic work involving multinationals and UK-based corporates. Drawing upon vast experience in private practice and in-house at a UK bank, ‘very approachable and knowledgeable’ team head Alan Holliday is key to this work, often working closely with the firm’s Charlotte office on deals for core client Bank of America.

Responsables de la pratique:

Alan Holliday


Les références

‘The team at McGuire Woods is exceptional. They go above and beyond to assist with our legal matters and provide us with fantastic service.’

‘Responsive, helpful and good people to work with.’

‘Alan Holliday is a stand-out. He provides competitive rates and has a thorough knowledge of our business and requirements, and works with us to get deals across the line.’

Principaux clients

Bank of America


Fifth Third Bank


Barings Finance LLC


Wells Fargo


Bank of Montreal N.A.


ORIX Growth Capital LLC


African Development Bank


Revera, inc.


BAYVK Immobleien-Dachfonds 1 SCS


Principaux dossiers


Morgan, Lewis & Bockius UK LLP

Led by the ‘very experienced and practical’ Paul Denham, the ‘first-rate’ team at Morgan, Lewis & Bockius UK LLP is particularly effective advising a borrower-focused client base, including sponsor-backed portfolio companies, on cross-border new money and refinancing structures. Much of this work includes close collaboration with lawyers from across the firm’s international network of offices, including on emerging markets transactions involving multi-sourced financings within the Middle-East and Africa.

Responsables de la pratique:

Paul Denham


Autres avocats clés:

Nichola Foley; Konstantin Kochetkov; Abby Clifford; James Mead; Yaroslav Smorodin; Pauline Mutuc


Les références

‘A focused and excellent team with incredible client support.’

‘Paul Denham is the standout lawyer and leads a first rate team. He is very experienced and practical.’

‘Paul Denham has got both banking and restructuring experience, which is immensely valuable as a credit lender. He’s far more commercial than other lawyers I’ve worked with and personable too.’

Principaux clients

StoneCalibre LLC


Arcadium Lithium plc


ATSG Holdings, Inc.


Principaux dossiers


Olaniwun Ajayi (UK) LLP

Under the expert guidance of the ‘calm and measured’ Chuks Ibechukwu, the London office of Nigeria-based full-service firm Olaniwun Ajayi (UK) LLP has established itself as a market leader for handling the English law aspects of Africa-based finance transactions for both lenders and borrowers. The scope of this work is broad-ranging and includes financings utilising both commercial and development finance-backed funding for project and debt finance transactions, particularly in the energy sector. Gabriel Onagoruwa is key to the firm’s success on the sponsor front, where he is often aided by Juanita Derex-Briggs, including on bilateral and syndicated transactions.

Responsables de la pratique:

Chuks Ibechukwu


Autres avocats clés:

Gabriel Onagoruwa; Howard Barrie; Juanita Derex-Briggs; Akemi Kishimoto


Les références

‘The team has managed to find the perfect balance of commercial pragmatism and protecting lender rights brilliantly. I feel safe in their hands – like our interests are being totally protected. The team also really drives the deal forward, keeping momentum up.’

‘Chuks Ibechukwu is an incredible source of knowledge and experience. He brings a calm and measured experience to the transaction.’

‘Juanita Derex-Briggs – Juanita takes the reins completely. I feel she protects the interests of our business and is always across all aspects of a transaction. She is a superstar for sure.’

Principaux clients

Nigeria National Petroleum Corporation Limited


Dangote Cement Plc


Tenoil Petroleum & Energy Services Limited


Bisedge Holding


Veenocks Limited


British International Investment Plc


Mauritius Commercial Bank


Africa Finance Corporation


Nithio


Green GenSet gGmBH


Mirova SunFunder Inc.


Principaux dossiers


  • Acting as international legal counsel to the Nigerian National Petroleum Company Limited in connection with its $3.3bn Royalties and Tax Crude Oil-Backed Prepayment Facility, known as Project Gazelle.
  • Acting as English legal counsel to Tenoil Petroleum & Energy Services Limited in connection with a $100m syndicated financing for the implementation of a project development plan to optimize crude oil production and evacuation from the Ata and Inanga oil fields, located within Mobil Producing Nigeria’s (MPN) OML 68.
  • Advised Dangote Cement Plc on its $675m secured corporate finance term loan.

RPC

Working in an integrated fashion alongside the firm’s corporate team and also regularly representing clients on a standalone basis, RPC‘s banking team handles a range of work, including for working capital purposes and strategic M&A, for a borrower-focused client base. Team head Sukh Ahark and Edward Colville are the principal contacts, with both regularly advising on financings for clients within core areas of sector focus, including retail and insurance.

Responsables de la pratique:

Sukh Ahark


Autres avocats clés:

Edward Colville


Principaux clients

AIG


Frasers Group


Downing LLP


Demica


Shanta Gold


IGIS Asset Management


Cult Wines


NormanMax


Adient plc


Beyond Bamboo


Principaux dossiers


  • Advising Frasers on multiple strategic transactions. From financing on investments and acquisitions to advice on partnerships and business collaborations.
  • Advised Brandhouse Global Limited, an international corporate advisory and investment company, on multiple funding arrangements, including a short-term secured loan granted to AITA Films Limited to provide funding for the production of a motion picture film, currently allotted to the filming of Angels in the Asylum.
  • Advised leading Spanish insurer Divina Seguros on the renegotiation of its €146m secured loan agreement with UBS, entered into as part of a long-term investment strategy.

Squire Patton Boggs

With a strong presence in London and key regional hubs, alongside extensive international capabilities, Squire Patton Boggs is well-positioned to provide strategic guidance to a diverse mix of corporates and lenders across corporate lending and event-driven financings. The financial services team, which is led by Paula Laird, is adept at structuring transactions with debt throughout the capital structure, including in the context of more niche financing products such as asset based lending. Ian Yeo, who has a strong focus on energy-related corporate lending and emerging markets-associated acquisition finance mandates, is also recommended.

Responsables de la pratique:

Paula Laird


Autres avocats clés:

Ian Yeo; Chris Hastings; Jon Lent; Ilze Vigo; Tom Dell’Avvocato


Les références

‘Smart, intelligent lawyers, helpful in all aspects of a transaction.’

‘Paula Laird is superb. Leads transactions and is super commercial.’

Principaux clients

Aurelius Group


Blazehill Credit Opportunities


BZ Commercial Finance Designated Activity Company


Callodine


Cerberus


Clydesdale Bank PLC/Virgin Money


Deer Capital


ECI Partners


Econergy Renewable Energy


Eurazeo Debt Capital


HSBC UK Bank


Lloyds Bank


Logicalis


National Westminster Bank


OakNorth Bank


Swangate Energy Storage


Principaux dossiers


  • Advised Econergy International on a financing from funds advised by Rivage Investment to finance the equity investment in various solar, wind and battery storage projects across Western and Eastern Europe.
  • Acting for Blazehill in connection with cross-border facilities to the Eirtrade aviation group.
  • Advised Aurelius and its portfolio company FootAsylum in connection with the refinancing of existing facilities with a revolving credit facility provided by HSBC.

Stephenson Harwood

Stephenson Harwood is best-known for its borrower expertise, including advice to listed entities and large private companies on their general corporate lending and acquisition finance needs. Julie Romer regularly supports the firm’s corporate team on debt financing work, as well as being the chief architect behind the continued growth of the firm’s lender offering. Romer co-heads the team alongside real estate finance expert James Linforth, who also handles some fund financing work.

Responsables de la pratique:

James Linforth; Julie Romer


Autres avocats clés:

Daniel Margolis; George Vaughton; David Harris


Principaux clients

Bellevue Healthcare Trust plc


InfraXmedia


Principaux dossiers


  • Advising Bellevue Healthcare Trust plc in connection with the restatement and extension of their facilities with Scotiabank.
  • Advising InfraXMedia in connection with the raising of financing to fund its acquisition of Winning 10.