Sponsor High Yield transaction highlights
Cirsa (Blackstone)
€490,000,000 Floating Rate Senior Secured Notes due 2025
Acting for Deutsche Bank, Barclays, BBVA, Credit Suisse, Jefferies, UBS
United Group (BC Partners)
€200,000,000 4.875% Senior Secured Notes due 2024
Acting for J.P.Morgan, Credit Suisse, KKR
GEMS Education (CVC)
$900,000,000 7.125% Senior Secured Notes due 2026
Acting for CVC | Deal Summary
United Group (BC Partners)
€306,000,000 Senior Holdco PIYC PIK Notes
€550,000,000 Senior Secured Floating Rate Notes
Acting for J.P. Morgan, Credit Suisse, KKR, Morgan Stanley, Crédit Agricole CIB | Deal Summary
Cirsa (Blackstone)
€390,000,000 4.750% Senior Secured Notes due 2025
Acting for Deutsche Bank, Barclays, BBVA, Credit Suisse, Jefferies, UBS Investment Bank | Deal Summary
Eir (NJJ/Anchorage/Davidson Kempner)
€750,000,000 3.500% Senior Secured Notes due 2026
Acting for Citi, *, BNP Paribas, JPMorgan, Morgan Stanley, Natixis, Societe Generale | Deal Summary
*global investment bank
Cognita (Jacobs Holdings)
€225,300,000 Senior Notes due 2026
Acting for Jacobs Holdings | Deal Summary
Guala Closures (Space4)
€455,000,000 Floating Rate Senior Secured Notes due 2024
Acting for Space4
Worldwide Flight Services (Cerberus)
€400,000,000 6.750% Senior Secured Notes due 2023
€260,000,000 Floating Rate Senior Secured Notes due 2023
Acting for Cerberus | Deal Summary
Cirsa (Blackstone)
€663,000,000 6.250% Senior Secured Notes due 2023
€425,000,000 Floating Rate Senior Secured Notes due 2023
$500,000,000 7.875% Senior Secured Notes due 2023
Acting for Deutsche Bank, Barclays, UBS, BBVA, Credit Suisse, Jefferies | Deal Summary
Refresco (PAI)
€445,000,000 Senior Notes due 2026
Miller Homes (Bridgepoint)
£250,000,000 5.500% Senior Secured Notes due 2024
£175,000,000 Senior Secured Floating Rate Notes due 2023
Acting for Bridgepoint| Deal summary
Cortefiel (CVC and PAI)
€275,000,000 5.000% Senior Secured Fixed Rate Notes due 2024
€325,000,000 Floating Rate Senior Secured Notes due 2024
Acting for CVC and PAI | Deal summary
United Group (KKR)
€575,000,000 4.375% Senior Secured Notes due 2022
€325,000,000 4.875% Senior Secured Notes due 2024
€450,000,000 Floating Rate Senior Secured Notes due 2023
Acting for Credit Suisse, Banca IMI, BNP Paribas, BofA Merrill Lynch, Citigroup, ING, J.P. Morgan, Raiffeisen, UniCredit, KKR
Anacap (Anacap)
€325,000,000 Senior Secured Floating Rate Notes due 2024
Acting for Anacap | IFLR 2018 HY Deal of the Year | Deal summary
Unilabs (Apax)
€250,000,000 Senior Notes due 2025
Acting for Credit Suisse, Deutsche Bank, HSVC, BNP Paribas, J.P.Morgan and UniCredit Bank
Corporate High Yield transaction highlights
ams OSRAM
$400,000,000 12.25% Senior Notes due 2029
€625,000,000 10.50% Senior Notes due 2029
Acting for the company / Deal Summary
Shelf Drilling
$1,095,000,000 95/8% Senior Secured Notes due 2029
Acting for a global investment bank, DNB, J.P. Morgan, Santander, SpareBank, Arctic, Clarksons, Fearnley
Webuild
€450,000,000 7.000% Senior Notes due 2028
Acting for company | Deal summary
Tereos
€350,000,000 7.250% Senior Notes due 2028
Acting for company | Deal summary
Naviera Armas
€376,292,750 Floating Rate Senior Secured Notes due 2026
Acting for Company
Petrofac
$600,000,000 9.750% Senior Secured Notes due 2026
Acting for Company
Almaviva
$350,000,000 4.875% Senior Secured Notes due 2026
Acting for Company
Endeavour Mining
$500,000,000 5.000% Senior Notes due 2026
Acting for Company
Kedrion
€410,000,000 3.375% Senior Secured Notes due 2026
Acting for BNP Paribas, J.P. Morgan, Credit Agricole, IMI Intesa Sanpaolo, Mediobanca, Natixis
Canpack
$800,000,000 3.875% Senior Notes due 2029
Acting for Wells Fargo, BNP Paribas, Citigroup, HSBC, ING, Caixabank, PKO Bank Polski
Europcar
€500,000,000 3.000% Sustainability-Linked Senior Secured Notes due 2026
Acting for BNP Paribas, Credit Agricole, HSBC, Deutsche Bank, ING, Lloyds, Natixis, RBC, Societe Generale
Casino
€525,000,000 Senior Notes due 2027
Acting for BNPP, JPMorgan, Crédit Agricole, HSBC, Citigroup, Credit Suisse, Natixis and Santander
CGG
$500,000,000 8.750% Senior Secured Notes due 2027
€585,000,000 7.750% Senior Secured Notes due 2027
Acting for Company
Casino
€400,000,000 6.625% Senior Notes due 2026
Acting for BNPP, JPMorgan, Crédit Agricole, HSBC, BofA Securities, Citigroup, Natixis and Société Générale
Canpack
$400,000,000 3.125% Senior Notes due 2025
€600,000,000 2.375% Senior Notes due 2027
Acting for Citi, HSBC and Wells Fargo | Deal Announcement
AMS
$450,000,000 7,000% Senior Notes due 2025
€850,000,000 6,000% Senior Notes due 2025
Acting for Company
Restructuring High Yield/Covenant Lite transaction highlights
Norske Skog
Acting for company
Acting for company
10 juillet 2023
Linklaters has advised the underwriters on two recent high yield bond offerings for issuers in the gaming sector.
21 juin 2023
A cross-practice and cross-jurisdictional Linklaters team has advised Triton portfolio companies on three significant financing transactions in the first half of 2023, including two high yield bond deals and a committed public-to-private acquisition financing.
9 mai 2023
Linklaters has advised the financing parties on the Initial Public Offering of Lottomatica Group S.p.A. and the related High Yield / RCF refinancing and margin loan to Lottomatica’s majority shareholder, Apollo.
Chambers Europe 2023
“Availability, competence, willingness to go the extra mile, deep knowledge of market players and trends, allowing to find the right commercial pressure points.”
Legal 500 UK 2024
The multi-disciplinary approach and global reach of Linklaters' Asset Finance practice offer major asset finance industry participants a critical competitive advantage.
Linklaters has a broad banking practice at the top of the market with leading relationships with all major banks and corporates in the syndicated loan market.
Advising global banks and other financial institutions on financial structuring transactions, including providing prudential regulatory expertise.
Linklater’s high yield group is fully integrated into the firm’s banking and private equity practices and comprises highly regarded lawyers with leading high yield and restructuring expertise.
We have acted on nearly every high profile European margin loan in the last five years and we are the pre-eminent creditor-facing margin lending team in Europe.
Linklaters' global real estate finance team combines the experience of the firm's pre-eminent finance, real estate and tax practices.
Linklaters' global restructuring and insolvency lawyers handle the world's most challenging and significant domestic and cross-border assignments.
Trade finance transactions demand a combination of legal expertise and commercial awareness across a wide range of demanding jurisdictions.
Banking litigation lawyers at Linklaters have advised leading investment banks and other financial institutions on some of largest and most complex recent financial disputes.