Sponsor High Yield transaction highlights
Cirsa (Blackstone)
€490,000,000 Floating Rate Senior Secured Notes due 2025
Acting for Deutsche Bank, Barclays, BBVA, Credit Suisse, Jefferies, UBS
United Group (BC Partners)
€200,000,000 4.875% Senior Secured Notes due 2024
Acting for J.P.Morgan, Credit Suisse, KKR
GEMS Education (CVC)
$900,000,000 7.125% Senior Secured Notes due 2026
Acting for CVC | Deal Summary
United Group (BC Partners)
€306,000,000 Senior Holdco PIYC PIK Notes
€550,000,000 Senior Secured Floating Rate Notes
Acting for J.P. Morgan, Credit Suisse, KKR, Morgan Stanley, Crédit Agricole CIB | Deal Summary
Cirsa (Blackstone)
€390,000,000 4.750% Senior Secured Notes due 2025
Acting for Deutsche Bank, Barclays, BBVA, Credit Suisse, Jefferies, UBS Investment Bank | Deal Summary
Eir (NJJ/Anchorage/Davidson Kempner)
€750,000,000 3.500% Senior Secured Notes due 2026
Acting for Citi, *, BNP Paribas, JPMorgan, Morgan Stanley, Natixis, Societe Generale | Deal Summary
*global investment bank
Cognita (Jacobs Holdings)
€225,300,000 Senior Notes due 2026
Acting for Jacobs Holdings | Deal Summary
Guala Closures (Space4)
€455,000,000 Floating Rate Senior Secured Notes due 2024
Acting for Space4
Worldwide Flight Services (Cerberus)
€400,000,000 6.750% Senior Secured Notes due 2023
€260,000,000 Floating Rate Senior Secured Notes due 2023
Acting for Cerberus | Deal Summary
Cirsa (Blackstone)
€663,000,000 6.250% Senior Secured Notes due 2023
€425,000,000 Floating Rate Senior Secured Notes due 2023
$500,000,000 7.875% Senior Secured Notes due 2023
Acting for Deutsche Bank, Barclays, UBS, BBVA, Credit Suisse, Jefferies | Deal Summary
Refresco (PAI)
€445,000,000 Senior Notes due 2026
Miller Homes (Bridgepoint)
£250,000,000 5.500% Senior Secured Notes due 2024
£175,000,000 Senior Secured Floating Rate Notes due 2023
Acting for Bridgepoint| Deal summary
Cortefiel (CVC and PAI)
€275,000,000 5.000% Senior Secured Fixed Rate Notes due 2024
€325,000,000 Floating Rate Senior Secured Notes due 2024
Acting for CVC and PAI | Deal summary
United Group (KKR)
€575,000,000 4.375% Senior Secured Notes due 2022
€325,000,000 4.875% Senior Secured Notes due 2024
€450,000,000 Floating Rate Senior Secured Notes due 2023
Acting for Credit Suisse, Banca IMI, BNP Paribas, BofA Merrill Lynch, Citigroup, ING, J.P. Morgan, Raiffeisen, UniCredit, KKR
Anacap (Anacap)
€325,000,000 Senior Secured Floating Rate Notes due 2024
Acting for Anacap | IFLR 2018 HY Deal of the Year | Deal summary
Unilabs (Apax)
€250,000,000 Senior Notes due 2025
Acting for Credit Suisse, Deutsche Bank, HSVC, BNP Paribas, J.P.Morgan and UniCredit Bank
Corporate High Yield transaction highlights
Tereos
€300,000,000 5.875% Senior Notes due 2030
Acting for company / Deal Summary
Fives
€430,000,000 Senior Secured Floating Rate Notes due 2029
Acting for BNP Paribas, Goldman Sachs, Société Générale and Natixis. / Deal Summary
ams OSRAM
$400,000,000 12.25% Senior Notes due 2029
€625,000,000 10.50% Senior Notes due 2029
Acting for the company / Deal Summary
Shelf Drilling
$1,095,000,000 95/8% Senior Secured Notes due 2029
Acting for a global investment bank, DNB, J.P. Morgan, Santander, SpareBank, Arctic, Clarksons, Fearnley
Webuild
€450,000,000 7.000% Senior Notes due 2028
Acting for company | Deal summary
Tereos
€350,000,000 7.250% Senior Notes due 2028
Acting for company | Deal summary
Naviera Armas
€376,292,750 Floating Rate Senior Secured Notes due 2026
Acting for Company
Petrofac
$600,000,000 9.750% Senior Secured Notes due 2026
Acting for Company
Almaviva
$350,000,000 4.875% Senior Secured Notes due 2026
Acting for Company
Endeavour Mining
$500,000,000 5.000% Senior Notes due 2026
Acting for Company
Kedrion
€410,000,000 3.375% Senior Secured Notes due 2026
Acting for BNP Paribas, J.P. Morgan, Credit Agricole, IMI Intesa Sanpaolo, Mediobanca, Natixis
Canpack
$800,000,000 3.875% Senior Notes due 2029
Acting for Wells Fargo, BNP Paribas, Citigroup, HSBC, ING, Caixabank, PKO Bank Polski
Europcar
€500,000,000 3.000% Sustainability-Linked Senior Secured Notes due 2026
Acting for BNP Paribas, Credit Agricole, HSBC, Deutsche Bank, ING, Lloyds, Natixis, RBC, Societe Generale
Casino
€525,000,000 Senior Notes due 2027
Acting for BNPP, JPMorgan, Crédit Agricole, HSBC, Citigroup, Credit Suisse, Natixis and Santander
CGG
$500,000,000 8.750% Senior Secured Notes due 2027
€585,000,000 7.750% Senior Secured Notes due 2027
Acting for Company
Casino
€400,000,000 6.625% Senior Notes due 2026
Acting for BNPP, JPMorgan, Crédit Agricole, HSBC, BofA Securities, Citigroup, Natixis and Société Générale
Canpack
$400,000,000 3.125% Senior Notes due 2025
€600,000,000 2.375% Senior Notes due 2027
Acting for Citi, HSBC and Wells Fargo | Deal Announcement
AMS
$450,000,000 7,000% Senior Notes due 2025
€850,000,000 6,000% Senior Notes due 2025
Acting for Company
Arquiva
6.750% £625,000,000 Senior Notes due 2023
Acting for BAML, HSBC, DB, ING, Lloyds
CGG
$300,000,000 9.000% senior secured notes due 2023 and
€280,000,000 7.875% senior secured notes due 2023
Acting for Company
Almaviva
€250,000,000 7.250% Senior Secured Notes due 2022
Acting for Company
Acting for *
*global investment bank
Restructuring High Yield/Covenant Lite transaction highlights
Norske Skog
Acting for company
Acting for company
19 يونيو 2024
Linklaters has advised on a financing by the Assemblin Caverion Group (a portfolio company of Triton) which included €1.3 billion high yield notes and €495 million (equivalent) RCF/guarantee/pensions facilities.
19 يونيو 2024
Linklaters has advised Tereos on its high yield offering of €300m 5.875% senior notes due 2030.
10 أبريل 2024
Linklaters has advised the financing sources on the issuance by Neopharmed Gentili of two tranches of senior secured fixed and floating high yield notes, totalling €750m, as well as the entry into a new €130m revolving credit facility.
“quality deals for diverse clients” and “a well-drilled team”
Legal 500
Alexander Naidenov "outstanding technical skills, but also deeply commercial"
Legal 500, 2024
Alexander Naidenov "one of the standout high-yield lawyers in the London market"
Chambers, 2024
Colin Chang "plays a key role in the practice"
Legal 500, 2024
Giacomo Reali "provides outstanding service"
Legal 500, 2024
The multi-disciplinary approach and global reach of Linklaters' Asset Finance practice offer major asset finance industry participants a critical competitive advantage.
Linklaters has a broad banking practice at the top of the market with leading relationships with all major banks and corporates in the syndicated loan market.
Advising global banks and other financial institutions on financial structuring transactions, including providing prudential regulatory expertise.
Linklater’s high yield group is fully integrated into the firm’s banking and private equity practices and comprises highly regarded lawyers with leading high yield and restructuring expertise.
We have acted on nearly every high profile European margin loan in the last five years and we are the pre-eminent creditor-facing margin lending team in Europe.
Linklaters' global real estate finance team combines the experience of the firm's pre-eminent finance, real estate and tax practices.
Linklaters' global restructuring and insolvency lawyers handle the world's most challenging and significant domestic and cross-border assignments.
Trade finance transactions demand a combination of legal expertise and commercial awareness across a wide range of demanding jurisdictions.
Banking litigation lawyers at Linklaters have advised leading investment banks and other financial institutions on some of largest and most complex recent financial disputes.