Hogan Lovells is one of the world's leading global legal practice providing practical legal solutions across major industries on six continents. Change is happening faster than ever and we pride ourselves on combining fresh thinking and proven experience to deliver legal solutions that help our clients stay ahead in a dynamic world.
Responding to competitive tensions and regulatory challenges, the leveraged finance market is constantly evolving. Direct lending also continues to grow. The leveraged finance team at Hogan Lovells has extensive experience advising bilateral and syndicates/clubs of lenders around the world on senior and subordinated facilities as well as unitranche and other secured loan structures. With pragmatic and commercial advice we drive leveraged and acquisition finance transactions from start to close.
At the forefront of the debt funds market, where innovation is key, we have been advising direct lenders for many years on unitranche and other types of direct lending products (including first loss/second loss, second lien, and PIK), and banks providing working capital facilities alongside those alternative products.
Our team also advises sponsors and corporate borrowers on the full range of leveraged transactions including take-privates, bids, leveraged recapitalizations, and leveraged buyouts.
Our recent experience includes advising:
HNA Group on its circa €1.5bn debt and equity financing relating to its acquisition of Swissport.
Regal Cinemas Corporation on the US$1.05bn refinancing of its existing revolving credit and term loan facilities.
Advising Intermediate Capital Group on the first ever Australian dollar denominated and Australian law governed Term Loan B facility for Iron Mountain's acquisition of Recall Australia.
Advising the senior lender group on the financing for the acquisition of the Abbey Life insurance business by Phoenix Group.
Proskauer is a leading international law firm focused on creating value. Our roots go back to 1875, when we were founded in New York City. With 725+ lawyers active in virtually every major market worldwide, we are recognized not only for our legal excellence, but also our dedication to client service. Proskauer’s Private Credit Group is a unique middle market finance practice. The group was the first to dedicate its practice solely to representing providers of private credit. We represent over 50 clients, including private debt funds, business development companies, asset managers, finance companies and family offices. These lenders provide financings for transactions ranging from $10 million to more than $1 billion across a myriad of product types and industries. Our technical strength, combined with our expansive experience, makes us the Firm of choice for first-in-kind transactions. We have developed innovative structures such as upside-down unitranches and synthetic mezzanine as well as migrated the bifurcated unitranche into the European market. We have been active in the market for more than 20 years, and have participated in the evolution of a number of credit products, including senior-stretch loans, unitranche loans, second lien loans, and secured mezzanine. We maintain two proprietary databases, which gives us a market edge, and with more than 200 searchable terms, our data provides our clients with real-time intelligence on the state of the credit markets. We have a large team of partners and associates in key financial centers across the globe based in our offices in New York, London, Los Angeles and Boston, and consistently close more than 150 deals a year, which provides us with a keen insight into market trends in deals of all sizes, structures and industries.
US Bank Global Corporate Trust Services has built an impressive reputation for providing high quality asset administration, trustee and agency services for all types of secured and structured transactions; providing flexible service solutions for investment managers, issuers and investors. Our personalised, full array of services include: facility agent, security agent, escrow agent, note trustee, paying agent, account bank, cash manager, collateral administrator, issuing agent, custodian, calculation agent and registrar. In addition bespoke investor reporting is available on our website and for investment managers, secure online access to cash balances, asset portfolio and liability information is available through our CLO Web Portal, Pivot. We have expertise across a wide variety of security including Auto Loans/Leases, Residential and Commercial Real Estate Mortgages, Equipment Loans/Leases, Trade Receivables, Credit Cards, Loan and Bond portfolios. US Bancorp’s balance sheet reflects $460bn in assets and is currently ranked as the 5th largest commercial bank in the United States.