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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: 17 SEPTEMBER 2020

Allen & Overy to host 4th annual Leveraged Finance Training Camp virtually on 21 October

One-day accelerator provides junior and mid-level credit professionals an in-depth look at the underpinnings of leveraged finance transactions.

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News: 08 SEPTEMBER 2020

A&O advises HSBC Bank as Coordinator on new Risk Free Rate (RFR) loan facilities for GlaxoSmithKline plc

Allen & Overy acted as lead counsel for HSBC Bank, as risk free rate coordinator, and a group of banks to successfully refinance two core revolving credit facilities for GlaxoSmithKline plc (GSK).

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Allen & Overy helps aviation clients navigate Covid-19 turbulence

News: 07 SEPTEMBER 2020

Allen & Overy helps aviation clients navigate Covid-19 turbulence

With global air travel down 95% due to Covid-19, Allen & Overy is advising on some of the biggest deals keeping airlines in business. 

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Bar chart on an LCD screen

News: 10 JULY 2020

Allen & Overy’s leveraged finance team advises on three debut high-yield bond issuances

Allen & Overy’s leveraged finance team has advised on three high-yield bond issuances, all of which having completed since the start of July 2020, with each of the deals involving a debut issuer.

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