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Sub practice
Sub practice

High Yield

Our high yield team has been involved in the European market since its inception.

Our lawyers have led many of the deals that have shaped and continue to influence the direction of the European high yield market, including working on some of the biggest and most prestigious deals to come to the market since the beginning of 2000.

We combine our high yield practice with our market-leading practices in banking and leveraged finance and debt capital markets. Our High Yield team also works closely with our corporate, restructuring and private equity groups. We believe this makes us one of the very few law firms that has the ability to cover all aspects of complicated leveraged finance high yield transactions and crossover and emerging markets high yield transactions.

Our combined bank/bond team can service all requirements in relation to high yield debt offerings, senior, second-lien, mezzanine and PIK debt, bridge-to-bond financings, bank/bond financings, securitisation take-outs, debt buy-backs and restructurings.

Our high yield and European debt capital markets practices integrate to cover crossover and emerging market credits. These deals can be governed by New York law indentures or English law trust deeds and/or executed following the eurobond or U.S. style offering paradigms.

News & insights

Publications: 12 DECEMBER 2019

What is the direction of travel of European pre-insolvency reforms?

Associates Musonda Mutati and Harini Viswanathan have authored an article for Butterworths Journal of International Banking and Financial Law, highlighting the differences between the European and proposed UK reforms.

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Beijing

News: 04 DECEMBER 2019

The People’s Republic of China issues its largest-ever US dollar sovereign bond

Allen & Overy has advised the joint lead managers in connection with the offering of USD6 billion sovereign bonds by the Ministry of Finance of the People’s Republic of China.

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Publications: 04 DECEMBER 2019

IT and operational failures: financial services in the spotlight

There is unprecedented demand for and use of technology in the financial services sector.  However, greater reliance on technology brings with it increased levels of risk.  In particular, IT incidents and even brief disruptions to digital services may have a significant impact on clients and the markets.

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ALB Philippine Award

News: 29 NOVEMBER 2019

Winning streak continues for Allen & Overy in the Philippines

Allen & Overy wins International Law Firm of the Year for the fourth consecutive year at the ALB Philippine Law Awards 2019

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Recognition