Add a bookmark to get started

Insights into your leveraged and debt finance transactions

Complex and evolving lending terms mean it’s critical to get your debt financing right. Immersed in the debt markets, we monitor changes to leveraged and investment-grade markets to give you both legal advice and valuable intelligence for your situation.  

We advise a diverse base of corporate clients, traditional banks, private credit funds, other non-bank financing providers and private equity firms on their financing solutions. This gives us deep insights into the issues that arise on transactions and enables us to suggest pragmatic and commercial solutions acceptable to all. 

Our experience covers all traditional bank and alternative lending products and structures, including super senior, first lien/second lien, unitranche and holdco PIK facilities. We advise on the debt financing of private and public company acquisitions (including public-to-private transactions), institutional buyouts, LBOs, refinancings and recapitalizations/shareholder cashouts. We also advise on new debt raises and post-IPO facilities. Our lawyers also help you deal with distressed credit, working with our restructuring group to resolve these scenarios. 

“You’ll find us commercial and pragmatic – we make sure you achieve your goals.”

Our lawyers are based in every major jurisdiction. This enables us to advise on domestic and cross-border transactions. We work across industries, including energy, healthcare, insurance, real estate, life sciences, technology, and media, sports and entertainment. We track market trends to enable us to structure, negotiate and execute complex debt financings and ensure you get the right financing terms for your situation. 

This experience means we understand the needs and motivations of all parties and can guide you on what matters most to your counterparties.  

You’ll find us commercial and pragmatic – we make sure you achieve your goals. Collaborative working with our tax, real estate, private equity and capital markets lawyers means we can support you with business-oriented advice on your most complex transactions.  

Awards and recognition


How we have delivered for our clients

  • One of Europe’s leading alternative asset management firms in a USD175 million debt refinance for an end-to-end commercial biopharmaceutical company. 
  • Arcmont Asset Management and a global investment bank on the refinancing of EUR1.3 billion unitranche and super senior facilities made available to Partners Group asset International Schools Partnership. 
  • A mid-market direct lending firm in multiple deals across various sectors, including a USD215 million senior secured credit facility for a specialty grocer, a USD155 million senior secured credit facility for an air purification company and a USD162 million senior secured credit facility for a software company. 
  • A syndicate of alternative lenders in connection with the implementation of increased debt facilities totalling EUR467.5 million to reset/reprice the existing financing of the Sucsez/Heilbron Group and to facilitate the acquisition by Sucsez/Heilbron Group of the Voogd & Voogd Group. 
  • Muzinich & Co. Limited on a SEK430 million term and uncommitted accordion facilities for the refinancing of AB (Sprints Capital). 
  • Tikehau on the creation of T2 Energy Transition Fund FPCI, a professional private equity fund dedicated to investing in the energy transition sector targeting EUR750 million in subscriptions. 

  • A club of banks in connection with the EUR110 million financing of the acquisition and construction of a portfolio of battery storage facilities, by B Capital Infrastructure. 
  • A syndicate of 17 banks in respect of a USD1 billion senior term and revolving credit facilities to Sino Biopharmaceutical Limited (a Cayman company listed in Hong Kong). 
  • A syndicate of lenders in relation to EUR1.2 billion of financings granted to certain Spanish companies within the airline sector for amending and extending the financings for general corporate needs granted with the corporate guarantee of ICO. 
  • Apollo Global Management Inc. in relation to the refinancing of its loan to Gannett with a new credit facility arranged by Apollo and Citi. 
  • Silicon Valley Bank as mandated lead arranger and syndicate of multinational banks (including Citibank, JP Morgan and Morgan Stanley) as lenders on financing for Wise, in connection with the largest ever direct listing on the London Stock Exchange valuing the business at c. GBP9 billion. 

  • A large corporate group, backed by sponsor Strategic Value Partners, on the refinancing of its GBP275 million term and revolving credit facilities, including assisting with the co-ordination of the overseas workstreams across nine jurisdictions. 
  • Abingworth and Carlyle on a USD170 million investment into ASX-listed Opthea Limited, a clinical-stage biopharmaceutical company developing novel therapies to treat highly prevalent and progressive retinal diseases. 
  • Fremman Capital on unitranche financing provided by Arcmont Asset Management to support the acquisition of Kids Planet, the largest independently owned childcare group in the UK. 

  • A cloud infrastructure provider that targets individual developers and smaller businesses, in connection with the refinancing of its USD250 million syndicated credit facility. This is the fourth time we have represented the company in connection with its syndicated credit facilities since 2016 and during that time they have grown from a Series B startup with a USD600 million valuation to a public company with a USD5.6 billion market float.  
  • A US technology company in connection with an amended and restated USD1.2 billion credit facility comprised of a USD700 million senior secured revolving credit facility and a USD500 million senior secured term loan facility. 
  • Discovery, Inc. and Discovery Communications LLC on English, Dutch and Luxembourg aspects of its USD6 billion senior revolving credit facility. 
  • Global logistics group TipTrailer in connection with EUR1.376 billion secured borrowing base financing arranged and provided by a syndicate of European banks. 
  • INEOS on its USD1.5 billion TLA/TLB refinancing under a New York law credit agreement. 

  • Carlyle Europe Technologies Partners in connection with the EUR210 million unitranche financing provided by Pemberton and Rabobank for its acquisition of and subsequent growth capital in relation to the HSO Group.  
  • Centroid Investment Partners in connection with its refinancing of a Korean law governed debt facility used to acquire the TaylorMade Golf Company. The refinancing facilities included a New York law governed USD1.05 billion term loan B facility and USD300 million asset based loan facility. 
  • Carlyle Europe Technologies Partners in connection with the EUR210 million unitranche financing provided by Pemberton and Rabobank for its acquisition of and subsequent growth capital in relation to the HSO Group. 
  • Preqin, the global leader in alternative assets data, analytics and insights, on the USD180 million unitranche financing provided by Barings and Arcmont Asset Management to support the acquisition of Colmore, a leading private markets technology, services, and administration business. 


Featured insight