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Leveraged finance and high yield team shortlisted Banking and Finance Team of the Year 2012

 

​A&O was short-listed in The Lawyer Awards 2012 for its advice on two deals:  Refresco, involving €660 million secured high yield notes and a €75 million super senior revolving credit facility; and Dematic, involving $300 million of secured high yield notes, a €25 million super senior revolving credit facility and a €60m guarantee facility. 

In Refresco, the team imported a tranching technique from acquisition bank financings into the high yield structure to mitigate financial assistance and corporate benefit issues – a market first.  In Dematic, the team developed an innovative intercreditor mechanism to solve the issue of allowing future acquisition financing into the structure through the bank or bond markets – another market first.

The A&O team advising Refresco (and its financial sponsor, 3i Group) was led by Jonathan Brownson, Jeanette Cruz and Kevin Muzilla.  The A&O team advising Dematic (and its financial sponsor, Triton Private Equity) was led by Kevin Muzilla and Tim Polglase.

Find out more about Allen & Overy's high yield practice

 

 

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