Hogan Lovells is one of the world's leading global legal practice providing practical legal solutions across major industries in commercial centres around the world. 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 lenders are increasingly sophisticated and global in their outlook. 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.
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. With pragmatic and commercial advice we drive leveraged and acquisition finance transactions from start to close.
Our recent experience includes advising:
Ares Management on the financing of the acquisition of Wireless Logic Group by Montagu Private Equity
Pemberton and Lloyds Bank in connection with a Unitranche Facility and Super Senior Facility granted to Vitruvian Partners for the purposes of acquiring the Travel Counsellors’ group
Terberg Group on the pan-European acquisition syndicated loan financing supporting the merger of Terberg Environmental and Ros Roca Environment
Tikehau Capital on its investment into the capital of Filiassur and the related financing for the acquisition
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.