Financing and capital markets
The flexibility to raise whatever finance our clients need.
We offer our clients the flexibility to raise whatever finance they need, whether they’re a listed corporate tapping investment-grade credit or a private equity fund looking for a more complex, multisource solution.
Our advice covers equity and debt capital markets transactions, including high yield, alongside banking, derivatives, structured products and securitization, and project and asset finance.
Our lawyers understand a broad range of products but also have deep experience and knowledge – we’re working on the biggest and most complex transactions every day so can get the right result whatever the circumstances.
Our international experience means we can quickly build teams to advise on the nuances of different insolvency regimes, tax structures and accounting standards in any jurisdiction. And because we regularly work together across borders, we deliver international advice of the highest quality in the most efficient way possible.
Client successes
Allianz Global Investors opposite HSBC in connection with a revolving credit facility available to the Borrower to purchase a $250mm pool of middle market loans to be managed by Allianz. The transaction involved complex structuring to comply with EU and US risk retention regulations and the client’s commercial goals.
Citigroup Global Markets as initial purchaser and placement agent in connection with a cash-flow collateralized loan obligation transaction managed by Guggenheim Investment Management.
Overseas Private Investment Corporation (OPIC) as lender in the financing of the development, construction, and startup of a 38 MW geothermal power plant located in western Honduras. The project, with a total capital cost of approximately $200 million, the first utility-scale geothermal project in Honduran history.
KfW IPEX-Bank as lead arranger and lender for the limited recourse financing of an ammonia fertilizer plant in Topolobampo, Mexico, expected to be the largest in Latin America. The plant is to allow Mexico to reduce its high dependence on ammonia and fertilizer imports and will use natural gas transported through a series of pipelines, including newly constructed gas pipelines.
Housing Development Finance Corporation on the issue of INR30bn synthetic fixed rate notes, the first issue of a “Masala” bond by a corporate. We also advised on further Masala bond issuances – the placement of Synthetic INR5bn 7.00% notes due 2020 and a public tap issue of Synthetic INR10bn 7.00% notes due 2020.
Carlson Wagonlit Travel Inc on its $415m 6.75% senior secured notes due 2023, €330m, senior secured floating rate notes due 2023 and €250m 9.5% senior notes due 2024.
ConvaTec, the global medical products and technology group, on their proposed $1.8bn IPO and listing on the London Stock Exchange.
J.P.Morgan, ING and Rabobank as joint lead managers on a circa €700m Dutch residential mortgage-backed securitization by Nationale-Nederlanden Bank (NN) issued by Hypenn RMBS III. We subsequently advised J.P.Morgan, ING and Rabobank again, as joint lead managers on a further circa €590m Dutch residential mortgage-backed securitization by NN issued by Hypenn RMBS IV.
Blackstone and Center Parcs on the Class A note refinancing and integration of Woburn Village into the corporate secured debt platform (on which we originally advised RBS in 2012) and Brookfield and Center Parcs on the acquisition finance and refinancing of the Class B high yield notes.
Financing and capital markets
- Asset finance
- Corporate treasury
- Debt capital markets
- Equity capital markets
- High yield
- Hybrid capital
- Infrastructure finance
- Leveraged finance
- Project finance
- Real estate finance
- Regulatory capital
- Restructuring and insolvency
- Securitization
- Social impact bonds
- Special purpose acquisition companies (SPACs)
- Structured products and derivatives
