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Sub practice

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.


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News and insights

Reflections on modern buildings

News: 02 June 2023

A&O advises on the financing for Asda’s acquisition of EG Group’s UK and Ireland business

Allen & Overy’s leveraged finance team has advised the debt financing sources on Asda’s acquisition of EG Group’s UK and Ireland operations for an enterprise value of c. GBP2.27 billion. 

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Reflection of sun on glass buildings

News: 01 June 2023

A&O contributes to 2023 International Comparative Legal Guide

Allen & Overy was pleased to work with the LSTA, the LMA, the APLMA and Global Legal Group on the 11th edition of the International Comparative Legal Guide: Lending and Secured Finance Laws and…

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The blue sky between two modern glass high rise buildings

News: 09 May 2023

A&O advises on TMF Group’s EUR955m and USD400m TLB

A cross-border team from Allen & Overy in London, Amsterdam and New York has advised the bookrunners on a EUR955m and USD400m term loan B for TMF Group, which is owned by CVC and the Abu Dhabi…

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Arial view of large skyscrapers against a blue sky

News: 04 May 2023

Allen & Overy advises Action and its sponsor 3i on Action’s EUR3.625bn amend and extend financing

A&O has advised Action and its sponsor 3i in connection with the amendment and extension of Action’s debt facilities. The transaction was well received by the market and strong investor demand allowed…

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