Acquisition and leveraged finance

Our range of services includes:

  • structuring and participating in competitive debt auctions (including staple financings), documenting commitment letters, term sheets and interim facilities;
  • structuring (including tax structuring) and documenting leveraged buy-outs and leveraged corporate acquisitions (including public and private acquisitions), recapitalisations, refinancings and restructurings;
  • documenting all tiers of leveraged buyout capital structures, including equity co-investment, warrants and synthetic warrants, PIK notes, syndicated facilities (including senior, second lien, mezzanine, opco/propco, bridging and asset based facilities) and high yield bonds;
  • structuring and documenting guarantee and security packages and hedging arrangements;
  • documenting intercreditor agreements and other subordination arrangements;
  • reviewing due diligence, acquisition and public offer documentation, equity and debt documentation and advising on all related issues;
  • advising arrangers on syndication and debt investors and financial institutions on primary and on secondary market investments in leveraged loans; and
  • advising in default situations (including advising senior and subordinated creditors on protecting their rights in restructurings and formal insolvency procedures).

Contacts

 

"...Macfarlanes provides a 'quality work product' to a predominantly sponsor-side client roster...On the lender side, the team represented GSC, Sankaty and AXA on the £70m mezzanine facility for Charterhouse Capital Partners' acquisition of Wood Mackenzie."

The UK Legal 500 2010

"This firm is renowned for its 'extremely high-quality work' for lenders and borrowers...Sources praise the team for its 'seamless teamwork'...and agree that these lawyers are 'a pleasure to work with'...Julian Howard heads the firm's debt finance practice and 'anchors the whole team, making clients feel very confident'."

Chambers UK 2009