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
News: 21 March 2024
Allen & Overy advises arrangers on takeover of Encavis by KKR
Allen & Overy has advised arrangers in connection with the planned takeover of Hamburg-based wind farm and solar park operator ENCAVIS AG ("Encavis") by Elbe BidCo AG, a holding company controlled by…
News: 13 February 2024
A&O advises on establishment of notes shelf agreement and issuance of Series A Notes by John Laing
Allen & Overy has advised MetLife Investment Management and certain of its affiliates and managed accounts on the establishment of a note purchase and private shelf agreement with John Laing Group…
News: 09 February 2024
Allen & Overy advises Exponent on investment in Chanelle Pharma
LONDON – Allen & Overy (A&O) has advised Exponent Private Equity LLP (Exponent), a leading European private equity firm, on its investment in Ireland's largest manufacturer of generic pharmaceuticals,…
Publications: 05 October 2023
Creative exit strategies drive higher returns for sponsors
With dual-tracks largely off the menu for the time being, we explore the risks and opportunities inherent in alternative exit strategies, including synthetic IPOs and sales with ‘stapled’ debt.
Recognition
Highly regarded as a leader in the leveraged finance market, offering sterling advice to high-profile asset managers. In addition to its work for banks, the team also advises a growing number of debt funds on direct lending mandates.
Chambers UK 2020
Ranked Band 1 for Banking and Finance
Chambers Global 2020
Ranked No.1 Leading Leveraged Finance Adviser in Europe
Debtwire Western Europe Leveraged Loans – Legal Advisors’ League Table Report Q3 2019
The firm has the critical mass to handle a tremendous volume and variety of deals, and is as comfortable handling sponsor-led leveraged finance mandates as it is advising on corporate-led event-driven acquisitions.
Legal 500 UK 2019