Banking

The U.S. banking team advises market-leading financial institutions, financial sponsors, mezzanine providers, funds, and public and private companies on complex domestic and cross-border financing transactions, including transactions involving high-yield debt securities. With lawyers in the Americas, Europe and Asia, we have a proven track record of providing the highest quality legal advice across a range of products wherever needed.

Representative experience includes advising:
  • AT&T on the US$12bn unsecured syndicated credit facility provided by certain investment and commercial banks and Citibank N.A. as administrative agent
  • Baring Private Equity Asia on a senior secured term loan B and revolving credit facility to finance, in part, its US$1.4bn acquisition of majority stakes in Vistra Group and Orangefield Group, both leaders in the corporate administration and operation service industry
  • CGG on its offer to exchange for senior secured terms loans and all of its outstanding 7¾% senior notes due 2017 and up to US$135m combined aggregate principle amount of its outstanding 6½% senior notes due 2021 and 6% senior notes due 2022
  • AT&T on its private offer to exchange 17 series of notes aggregating over US$18bn
  • the Korea Development Bank in relation to a letter of credit facility provided to Kumho Tire Georgia Inc., a subsidiary of the South Korean tire manufacturer, Kumho Tire Co., Inc.
  • Morgan Stanley Senior Funding, Inc. in connection with a US$150m accounts receivable securitization for Skillsoft Receivables Financing LLC, a bankruptcy-remote Delaware limited liability company and a wholly-owned subsidiary of Skillsoft Corporation
  • the senior lender on a US$200m commitment in a US$1.4bn secured financing to fund a portion of the purchase price of a portfolio of 113 commercial properties by funds managed by Blackstone
  • Standard Motor Products, as borrower, on a US$250m amendment to its existing borrowing base revolving credit facilities
  • The Royal Bank of Scotland on the financing of the US$17.9bn acquisition of Clear Channel by Bain Capital and Thomas Lee
  • WellPoint on the acquisition and financing of Amerigroup, including a US$3bn unsecured 364-day bridge term loan credit facility (co-arranged by Credit Suisse (USA), Merrill Lynch, Pierce, Fenner & Smith, UBS, Citigroup and Deutsche Bank to finance a portion of the purchase consideration thereof)
  • The Royal Bank of Scotland and Royal Bank of Canada on the financing of Ontario Teachers’ Pension Plan’s US$2.35bn acquisition of marine container terminals in New York, New Jersey and Vancouver from Orient Overseas (International). We also advised on the restructuring thereof
  • CGG, on a US$1.2bn first-lien term loan, a US$700m second-lien bridge loan and a US$315m first-lien revolving loan credit facility to finance the cash portion of its US$3.5bn merger with Veritas DGC, a provider of geophysical information and services to oil and gas companies. We also advised on the refinancing thereof
  • Société Générale on the financing of the US$1.2bn acquisition and take-private of RCN by Abry Partners
  • Hastings Funds Management and JP Morgan Asset Management on the US$840m acquisition and financing of a portfolio of seven natural gas-fired independent power production facilities in the U.S. from Black Hills
  • Siam Commercial Bank and other lenders on a US$450m financing for Indorama (U.S. acquisition of Old World Industries)
  • BNP Paribas on the multi-currency senior secured loan facilities for the acquisition of the multi-national Gagneraud, the largest provider of steel mill services in France, by an existing portfolio company of Olympus Partners
  • Crédit Agricole, as administrative agent, in connection with a US$275m credit facility for SunPower in 2011, the restructuring of such facility in 2012 (including a guarantee by Total, SunPower’s majority stockholder), and the refinancing of such facility in 2013