Global Finance

LEADERS

Overview

The Global Finance Practice Group serves clients around the world including private equity sponsors, corporate borrowers, major financial institutions and hedge funds.

The Global Finance group includes more than 85 lawyers located throughout our offices worldwide.  The broad array of financing transactions on which we advise includes:

  • Secured credit facilities, including acquisition financings, asset-based loans and second-lien facilities
  • High-yield debt and bridge facilities that backstop high-yield debt issuances
  • Mezzanine debt and other private note placements to financial investors
  • Unsecured credit facilities and bonds for investment-grade companies
  • Convertible bonds
  • Structured financings and securitizations
  • Project and infrastructure financings
  • Workouts and restructurings, debtor-in-possession and bankruptcy exit financings
  • Enforcement of senior and mezzanine loans
  • Hedging and other derivative transactions

The Global Finance group works closely with our mergers and acquisitions colleagues on acquisition financings and with our capital markets experts on registered and Rule 144A debt issuances.  We also draw extensively on the knowledge and skills of our other specialist practice areas such as environmental, tax, employee benefits and the U.S. Employee Retirement Income Security Act (ERISA), government contracts and litigation.

The Global Finance group is well-positioned to know what is “market” with respect to commitment packages, covenants, intercreditor terms, collateral arrangements and other financing terms.  We use this knowledge to negotiate documentation efficiently on behalf of our clients to address their needs and goals.

We consistently rank among the industry leaders in leveraged finance transactions, including high-yield debt, with the Global Finance group and individual partners recognized by Chambers and other industry publications and organizations.

Experience

The Global Finance Practice Group serves clients around the world including private equity sponsors, corporate borrowers, major financial institutions and hedge funds.

Recent representations include:

  • MetroPCS in a $3.5 billion senior note issuance in connection with its combination with T-Mobile USA.
  • UBS Investment Bank in $700 million first-lien credit facilities for Excelitas Technologies, Inc., financing the acquisition of Qioptiq.
  • Tenet Healthcare in a $2.8 billion senior unsecured note issuance and a $1.8 billion senior secured note issuance to finance Tenet’s acquisition of Vanguard Health Systems.
  • The ADT Corporation in a $2.25 billion 364-day senior unsecured bridge loan facility, a $750 million senior unsecured revolving credit facility and a $2.5 billion senior note issuance in connection with ADT’s spin-off from Tyco International Ltd.
  • Williams Partners LP and The Williams Companies, Inc. in a $2.5 billion senior unsecured revolving credit facility and a $1.5 billion senior unsecured revolving credit facility, respectively.
  • Wolverine World Wide, Inc. in $1.1 billion senior secured credit facilities and a $375 million senior unsecured note issuance to finance its acquisition of Collective Brands, Inc.’s Performance + Lifestyle Group.
  • AlixPartners, LLP in $1 billion first- and second-lien secured credit facilities.
  • Thayer Street Partners in structured, future-flow insurance commission receivables financing for Consumer United.
  • The Sports Authority, Inc.in a $650 million asset-based credit facility.
  • Secured acquisition credit facilities, asset-based credit facilities and credit facility refinancings ranging from $25 million to multiple billions of dollars for portfolio companies of private equity sponsors Investcorp, Aurora Capital, CVC Capital Partners, J.H. Whitney, Brazos Equity Partners, Catterton Partners and others.

RECENT PUBLICATIONS

Why We Think the UK Is Heading for a “Soft Brexit”

-October 10, 2018

Transfer Restrictions – A Delicate Balance?

-September 11, 2018

A World of Convergence?

-July 3, 2018

The Politics of Brexit for those Outside the UK

-July 12, 2018

Linda Curtis and Barbara Becker Named IFLR1000 Women Leaders

-June 12, 2018

The Indonesian PSC: the end of an era

-April 13, 2018

IFLR Americas Recognizes Gibson Dunn Deal

-May 18, 2018

Mezzanine Financing – Payment Subordination Agreements

-April 17, 2018

Intra-group Asset Transfers: In the Net, or Out?

-April 16, 2018

“Crossover” or “Split Collateral” Lien Subordination

-April 13, 2018

“All Assets” First-Lien/Second-Lien Intercreditor Agreements

-March 7, 2018

IJGlobal Names PT Medco Energi Internasional Project Financing as 2017 Asia Pacific Oil & Gas Deal of the Year

-March 23, 2018

Brexit – converting the political deal into a legal deal and the end state

-March 12, 2018

Navigating Loan Documentation in Pre-Distressed or Distressed Scenarios

-January 31, 2018

2017 Year-End German Law Update

-January 7, 2018

The EU Court of Justice rules in favour of restrictions on the use of platforms in a selective distribution system (Coty)

-December 6, 2017

Brexit – Initial deal agreed

-December 8, 2017

UK Dealmakers are Finally Hearing the City’s View

-September 24, 2017

French Market Update – July 2017

-July 20, 2017

What the UK Election Result Means for Brexit

-June 9, 2017

ECB Leveraged Lending Guidance – Too Late to (the) Party?

-June 5, 2017

What the UK’s Snap General Election Means for Brexit

-April 21, 2017

UK Government Triggers Article 50

-March 29, 2017

Alternative Capital Come Calling in the Region

-March 23, 2017

Enforceability of Make-Whole Premiums Following Momentive and Energy Future Holdings

-January 25, 2017

UK Supreme Court Rules Parliament Must Hold Vote on Article 50

-January 24, 2017

2016 Year-End German Law Update

-January 13, 2017

UK High Court Rules That Parliament Must Vote on Triggering Article 50 Process for Brexit

-November 3, 2016

Brexit – UK Government Sets Out Process to Leave EU by 2019

-October 3, 2016

Brexit – What We Are Hearing

-September 22, 2016

Key Issues for US Firms to Know about UK Decision to Brexit

-July 6, 2016

BREXIT Update – Finance and Derivatives Markets Focus

-June 29, 2016

BREXIT – What Next? Key issues if you are doing business in or with the UK and the EU

-June 28, 2016

BREXIT

-June 24, 2016

What Happens If the United Kingdom Votes to Leave the European Union?

-June 21, 2016

India – Legal and Regulatory Update

-May 18, 2016

EU Bail-in – Bad News for Banks but Not for Direct Lenders?

-May 4, 2016

Global Finance Report – Term Loan B, Around the World in 2015

-July 1, 2015

Commitment Letters: Trends in Selected Provisions – An Expert’s View

-June 9, 2015

China Plans Major Overhaul of Its Foreign Investment Regulatory Regime

-January 23, 2015

Loan Covenant Checklist: Restricted Payments

-January 1, 2015

Silence Is Golden: Second Lien Creditor Rights Post-Momentive

-November 12, 2014

An Expert’s View: Mid-Year Trends in Large Cap and Middle Market Loan Terms

-July 17, 2014

China Adopts Fundamental Changes in Foreign Exchange Control

-May 20, 2014

Webcast – Mergers & Acquisitions Finance

-March 6, 2014

China’s AIC: A Familiar Face Now on the Global Anti-Corruption Map

-January 17, 2014

SEC Proposes Rules to Implement Crowdfunding Exemption: What Factors Will Affect Its Success?

-November 11, 2013

French Court of Appeals Adopts New Safeguard Plans for Heart of La Défense

-March 7, 2013

Walking the High Wire: Guidelines for Board of Director Designees Of Private Equity Funds, Activist Stockholders and Other Investors

-December 10, 2012

JOBS Act: FINRA Proposes Rule Changes Relating to Research Analysts and Underwriters

-October 11, 2012

SEC Releases FAQs on JOBS Act Provisions Relating to Research Analysts and Underwriters

-September 4, 2012

The JOBS Act: What It Means for Capital Markets Practices and Capital-Raising Strategies

-September 1, 2012

An Expert’s View

-September 1, 2012

Coeur Défense Judgment Broadens Scope of French Safeguard Procedures

-June 11, 2012

Jumpstart Our Business Startups (JOBS) Act Applies to Debt-Only Issuers

-April 23, 2012

President Obama Signs Jumpstart Our Business Startups (JOBS) Act

-April 5, 2012

Jumpstart Our Business Startups (JOBS) Act Changes the Public and Private Capital Markets Landscape

-March 28, 2012

CFTC Adopts Final Rules Implementing Real-time Public Reporting of Swap Data and Re-Proposes Rules Relating to Block Trades

-March 23, 2012

Letter of Credit Migration

-July 1, 2011

U.S. Regulatory Reform Heads to the Implementation Phase

-July 23, 2010

Derivatives Regulation under the Dodd-Frank Wall Street Reform and Consumer Protection Act

-July 16, 2010

‘Ordinary Course of Business’ In Debt Agreements

-June 22, 2010

Preparing for the Conference: A Comprehensive Review of the Senate Financial Reform Bill

-May 27, 2010

Restoring American Financial Stability Act of 2010 – A Comprehensive Review of the U.S. Senate Banking Reform Bill

-April 23, 2010

Grundschuldabtretung bei Forderungsverkauf

-April 14, 2010

Financial Regulatory Reform: Chairman Dodd Releases New Legislation to Reform Financial Services Industry Regulation and Enhance Consumer Protection

-March 17, 2010

German-Law GmbH Share Transfers or Pledges — The End of the Road for the Notarization in Switzerland?

-January 12, 2010

Financial Regulatory Reform: Consumer Financial Protection Agency Moves Forward

-October 22, 2009

Financial Regulatory Reform: Derivatives Legislation Moves Forward in House

-October 15, 2009

Financial Crisis Inquiry Commission to Begin Investigations Next Month

-September 17, 2009

Treasury Issues New Rules to Encourage CMBS Workouts

-September 17, 2009

Financial Crisis Inquiry Commission: Commissioners Appointed; Commission Likely to Begin Investigations in September

-July 15, 2009

Financial Markets in Crisis: Administration Releases “White Paper” on Reforming the Financial Regulatory System

-June 17, 2009

Lien Subordination and Intercreditor Agreements

-May 4, 2009

Legal Tools for Private Equity in the Current Economic Environment

-April 30, 2009

Stimulus Bill Tax Provisions

-February 17, 2009

Financial Markets in Crisis: Details of Federal Reserve MBS Purchase Program

-January 5, 2009

Financial Markets in Crisis: TARP Covers Automakers; More TALF Details Announced

-December 24, 2008

Financial Markets in Crisis: Oversight of Federal Rescue Efforts Ramps Up

-December 16, 2008

Financial Markets in Crisis: Housing and Credit Markets Get TARP Boost

-November 25, 2008

Financial Markets in Crisis: Final TLGP Rule

-November 21, 2008

Financial Markets in Crisis: The Waxman Hearings; TARP Update

-November 19, 2008

Financial Markets in Crisis: TARP Roadmap Revised

-November 13, 2008

Financial Markets in Crisis: Expanding Authorities to Promote Liquidity and Protect Homeowners

-November 7, 2008

Financial Markets in Crisis: Regulation of Credit Default Swaps

-October 23, 2008

Financial Markets in Crisis: Congress Takes a Closer Look; FDIC Issues Interim Rule

-October 23, 2008

Financial Markets in Crisis: Fed Announces a Third Funding Facility Designed to Increase Market Liquidity

-October 21, 2008

Financial Markets in Crisis: The Capital Purchase Program Takes Shape

-October 20, 2008

Financial Markets in Crisis: TARP Takes Shape: President Announces Additional Measures

-October 14, 2008

Financial Markets in Crisis: Treasury Moves to Implement TARP

-October 6, 2008

Financial Markets in Crisis: Rescue Bill Reaches Finish Line

-October 3, 2008

Financial Markets in Crisis: Section-By-Section Analysis of the Emergency Economic Stabilization Act of 2008

-October 2, 2008

Financial Markets in Crisis: Overview of FDIC’s Authority with Respect to Bank Failures

-September 30, 2008

Financial Markets in Crisis: Rescue Bill Fails in House

-September 29, 2008

Financial Markets in Crisis: Silence on the Rescue Deal Is Golden; Banking Giant WMBank Falls but DIF Held Harmless

-September 26, 2008

Financial Markets Crisis: Issues for Hedge Funds and Private Equity Funds

-September 26, 2008

Stapled Financing – Ein US-Import mit Zukunft?

-January 31, 2006