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Leveraged Finance

We are one of the leading Leveraged Finance practices in the world, known for ground-breaking deals and structures that eventually become market standards.

Thanks to our network, we can combine a multi-jurisdictional leveraged debt team with an extensive capital markets practice.

This enables us to provide our clients with a full service for senior, second-lien, mezzanine and PIK debt, bridge-to-bond financings, bank/bond financings, high-yield debt offerings, securitisation take-outs and debt buy-backs and restructurings.

Our sector knowledge and understanding of our clients’ business objectives enables us to provide legal advice that truly meets those aims within the context of the overall rationale for the debt package. Lenders and borrowers alike need to be able to structure deals in ways that suit market conditions. Our lawyers can advise on any form of leveraged financing that our clients choose to undertake.

The leveraged finance market has changed. Deals these days are different and structuring them demands a broad mix of finance capabilities. We combine our market-leading practices in banking and leveraged finance with a pre-eminent high yield practice. This makes us one of the very few law firms that has the ability to cover all aspects of complicated leveraged finance and high yield transactions and crossover and emerging markets high yield transactions.

 
 

News & insights

News: 15 JANUARY 2020

Allen & Overy advises on Leonard Green and Novo Holdings' acquisition of WCG Clinical

Allen & Overy has advised the lead arrangers and administrative agent on the USD1.045 billion syndicated financing for the acquisition of WCG Clinical by Leonard Green & Partners, L.P. and Novo Holdings A/S. 

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Publications: 28 NOVEMBER 2019

Allen & Overy Hosts third Annual Leveraged Finance Training Camp in New York for 30 Major Financial Institutions

The one-day accelerator convened junior and mid-level bankers to provide an in-depth look at the legal underpinnings of leveraged finance transactions

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News: 28 NOVEMBER 2019

Financing role for A&O on LVMH's acquisition of Tiffany & Co

Paris/New York: Allen & Overy has advised the banks on one of the largest deals ever in the luxury sector. A EUR15 billion equivalent loan facility is being used to finance the agreed acquisition by LVMH Moët Hennessy Louis Vuitton SE (“LVMH”), the world’s leading luxury group, of Tiffany & Co. (NYSE: TIF) (“Tiffany”), the global luxury jeweller, making it one of this year's flagship deals in the European loan market.

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Allen & Overy advises the joint lead arrangers on financing for CoolSys, Inc., an Ares portfolio company

News: 22 NOVEMBER 2019

Allen & Overy advises the joint lead arrangers on financing for CoolSys, Inc., an Ares portfolio company

Allen & Overy has advised the joint lead arrangers, joint bookrunners, and administrative agent on the USD310 million refinancing of debt incurred to finance the acquisition of CoolSys, Inc., by Ares Management Corporation. 

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Recognition