Cahill Gordon & Reindel LLP > London, England > Firm Profile
Cahill Gordon & Reindel LLP Offices
25 MONUMENT STREET
- Profile > Cahill Gordon & Reindel LLP > London
- Profile > Cahill Gordon & Reindel LLP > New York
- Profile > Cahill Gordon & Reindel LLP > England
Cahill Gordon & Reindel LLP > The Legal 500 Rankings
Finance > High yield Tier 2
The 'forward-leaning, result-oriented, insightful and analytical' high yield group at Cahill Gordon & Reindel LLP continued to expand in 2020 with the arrival of leveraged finance partners Jonathan Brownson and Jake Keaveny from Allen & Overy LLP. They join experienced partner Anthony Tama, who frequently represents investment banks and issuers in both high yield bond offerings and New York law loan financings. He recently assisted the initial purchasers of an €825m offering by Catalent Pharma Solutions. The firm has a strong presence in the European market, with the London team working closely with the market-leading practice in the US to deliver cutting-edge advice to high-profile clients such as Citigroup Global Markets and Credit Suisse Securities.
‘Forward-leaning, result-oriented, insightful and analytical. Very good to work with this firm.’
‘Anthony Tama is extremely knowledgeable, very approachable and always happy to help.’
‘While I haven’t used Cahill much in Europe in the last 10 years, I’ve recently begun using them. I think they offer top-quality work and consistency and I will look to use them more often, especially on cross-border transactions.’
Citigroup Global Markets Limited
J.P. Morgan Securities plc
Credit Suisse Securities (Europe) Limited
Deutsche Bank AG, London Branch
Credit Agricole Corporate and Investment Bank
- Represented initial purchasers in almost $6.8bn multi-currency high-yield notes for the Ardagh group across multiple offerings, which refinanced almost all of the then outstanding Ardagh bonds and includes an offering that reported to be the largest green bond issuance in the high-yield market to date. Ardagh is one of the most frequent issuers of high-yield bonds in the European market.
- Represented Matalan Finance plc, as part of additional liquidity to manage the Covid-19 pandemic, in connection with a private placement of £27,701,000 aggregate principal amount of 16.50% new priority notes due 2022 and £50,000,000 aggregate principal amount of 9.50% PIK notes due 2024. Proceeds from the offerings were used to fund general working capital.
- In a joint effort with the firm’s New York office, the London Capital Markets team represented the initial purchasers in connection with a Rule 144A offering of €550,000,000 aggregate principal amount of 1.750% senior notes due 2026 and a €900,000,000 aggregate principal amount of 2.250% senior notes due 2029 by IQVIA Inc. Proceeds from the offerings were used to refinance existing indebtedness.
The arrival in September 2020 of the 'client-focused' Jonathan Brownson from Allen & Overy LLP alongside high yield partner Jake Keaveny was a real statement of intent from Cahill Gordon & Reindel LLP . The pair were followed by up-and-coming partner Joydeep Choudhuri in April 2021. These hires, particularly that of Brownson, have been well received by the banking community, and now afford Cahill the ability to provide a truly cohensive loan finance offering to sit alongside its already strong high yield offering.
Other key lawyers:
Joydeep Choudhuri; Prue Criddle; Warren Newton
‘Good balance of bank and bond and great to see a credible player challenging the incumbents.’
‘Jonathan Brownson – good knowledge and understanding of the leveraged finance market.’
‘Jonathan Brownson is very client focused and has done an excellent job building the team and winning mandates for the firm from the off.’
JPMorgan Chase Bank
Citigroup Global Markets
- Represented the lead arrangers in connection with a $300m term A loan credit facility for Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. Proceeds from the credit facility were used for general corporate purposes.
- The London and New York team’s combined to advise the lead arrangers in connection with £2.9bn credit facilities to support Caesars Entertainment’s bid to acquire William Hill Plc.
- Represented PGS ASA, an integrated marine geophysical company, providing advanced subsurface seismic images that energy companies use to find and produce oil and gas, in connection with its restructured $873m term B credit facility, replacing the company’s existing revolving credit facilities and term b loans.
Cahill Gordon & Reindel LLP > Firm Profile
The firm: With a history of legal innovation dating back to the firm’s founding in 1919, Cahill Gordon & Rekindle LLP has built a reputation for capital markets prowess and high-stakes litigation excellence and is trusted by market-leading financial institutions, companies and their boards to manage significant litigation, regulatory matters and transactions. The firm is based in New York with offices in London and Washington, D.C.
Principal areas of work: Cahill is known for having one of the most active and respected capital markets and lending practices in the world. The firm’s reputation is supported by its market presence and deal activity, which has ranked consistently at or near the top of the industry for legal counsel to managers and underwriters in debt securities in London and New York. Cahill has been the #1 legal advisor to high yield bond underwriters since rankings started in 2005 (Bloomberg) and the top ranked legal advisor to lead arrangers of leveraged loans since 2010 (Definitive PLC.). Cahill’s representation of managers and lenders of European leveraged finance transactions ranked in the top 5 for 2020 by volume (Bloomberg) and the firm has been ranked as a top 5 adviser to lead banks of Western Europe leveraged loans for 2020 by volume (Debtwire).
Cahill’s broad reach, depth of experience in leveraged finance and unmatched lending relationships place it at the forefront of the most sophisticated and challenging financial transactions in the global markets. As a result, Cahill is often the first among its peers to identify emerging trends and help clients overcome their most challenging obstacles as markets and deal terms evolve. With our expanded London offering, lenders and other participants involved in European and cross-border transactions are well-placed to benefit from Cahill’s deep relationships, extensive market and sector experience and market leading know-how. The team also has significant expertise working with private credit funds.
Cahill’s transactional lawyers represent lenders and borrowers in loan financings, underwriters and issuers in debt, equity and equity-linked securities offerings and dealer managers and solicitation agents in exchange offers, tender offers and consent solicitations, in leveraged, distressed, high-grade and cross-over credits. We also represent mezzanine lenders and private equity investors in leveraged and strategic transactions.
On the litigation side, Cahill represents banks, hedge funds, large corporates and their officers and directors in matters ranging from risk advisory work to internal investigations to complex commercial litigation. Many of its matters are cross-border in nature, with a particular focus on the US.
|Capital Markets & Lending||Anthony K. Tamaemail@example.com||44.20.7920.9805|
|Capital Markets & Lending||Jonathan Brownsonfirstname.lastname@example.org||44.20.7920.9809|
|Capital Markets & Lending||Jake Keavenyemail@example.com||44.20.7920.9808|
|Jonathan Brownson||Jonathan Brownson is a partner in Cahill’s Capital Markets & Lending group…||View Profile|
|Jake Keaveny||Jake Keaveny is a partner in Cahill’s Capital Markets & Lending group…||View Profile|
|Richard Kelly||Richard of Cahill Gordon & Reindel (UK) LLP has represented some of…||View Profile|
|Anthony Tama||Anthony advises global investment banking firms, commercial banks and public and private…||View Profile|
Staff FiguresOther Offices : New York, NY
Cahill Gordon & Reindel LLP > Firm Profile
Firm overview: With a history of legal innovation dating back to the firm’s founding in 1919, Cahill Gordon & Reindel LLP has built a national reputation for capital markets prowess and high-stakes litigation excellence and is trusted by market-leading financial institutions, companies and their boards to manage significant litigation, regulatory matters and transactions. The firm is based in New York with offices in London and Washington, D.C.
Main areas of practice
Transactional: Cahill represents a broad range of financial institutions and other companies in all types of transactional and advisory work.
Capital markets and lending: Widely recognized as the leading law firm in leveraged finance, Cahill has long and close working relationships with many prominent international banking institutions. The firm’s capital markets and lending practice represents lenders and borrowers in loan financings, underwriters and issuers in debt, equity and equity-linked securities offerings and dealer managers and solicitation agents in exchange offers, tender offers and consent solicitations, in leveraged, distressed, high-grade and cross-over credits. Cahill also represents mezzanine lenders and private equity investors in leveraged and strategic transactions.
Building on 20 years of experience in the London market, Cahill recently expanded its London office with a well-known English law finance team and additional New York law finance capability. The team has extensive experience in the European leveraged finance and high-yield market.
Cahill has a long history of working collaboratively around the table with leading private equity firms and corporations and their counsel, including on cross-border transactions. Cahill has advised financial institutions on many of the largest and most sophisticated M&A and LBO debt financings, including nine of the ten largest US-based LBOs completed to date.
A dominant force in the high-yield market, Cahill has been ranked #1 in the league tables for advice to underwriters of high-yield bonds by Bloomberg since 2005 and ranked #1 for advice to arrangers of leveraged loans by Refinitiv (formerly Thomson Reuters LPC) since 2010.
Mergers and acquisitions: Cahill advises public and private corporations, private equity firms and their portfolio companies, and boards and special committees across a variety of industries in connection with mergers, acquisitions, dispositions, joint ventures, spin-offs and other significant strategic transactions. The firm also advises clients on acquisition finance, growth equity and other minority investments, governance, disclosure and compliance matters, providing its clients a single point of contact and delivering exceptional efficiency.
Corporate advisory: As regular outside counsel to a diverse group of US and non-US private and public companies, Cahill advises on all aspects of corporate governance, regulatory compliance and planning, board and executive compensation, corporate investigations and crisis management and other legal issues in all aspects of our clients’ businesses. In the increasingly important area of ESG, we also provide companies advice on navigating sensitive issues and disclosure. Our extensive experience in this area enables us to provide efficient, cost-effective counseling and guidance on the full spectrum of issues facing companies, at all stages of growth.
Bankruptcy and restructuring: Cahill frequently represents and advises all of the various constituents in complex domestic and cross-border restructuring matters, including formal bankruptcy court proceedings and out-of-court transactions. It has significant experience representing debtors and borrowers, boards of directors, equity sponsors and other investors and regularly represent administrative and collateral agents and lenders, including DIP and exit lenders, with respect to secured financings in bankruptcy and restructuring matters.
Litigation: In its litigation practice, Cahill manages large-scale securities, insurance, antitrust, First Amendment, intellectual property, professional liability and white collar matters that are often international in scope.
Securities litigation and white-collar defense: Cahill lawyers have been on the front lines of largescale securities litigation for nearly a century, focusing on the leading issues of the day. Cahill represents issuers, underwriters, bank lenders, placement agents, officers and directors, accountants, lawyers and broker/dealers in large-scale securities litigation and investigations throughout the world. It has represented participants in complex securities class action litigation and parallel governmental investigations involving financial exposures in the billions of dollars. Often these matters involve coordination with parallel governmental investigations, congressional and regulatory investigations, domestic and foreign bankruptcies and state court actions.
Corporate governance and investigations: Cahill advises boards of directors, special committees, and directors and officers of publicly held companies in significant corporate governance matters and investigations. Its lawyers have extensive experience conducting multinational investigations involving alleged violations of the FCPA, OFAC regulations and commercial bribery laws, BSA and AML. Cahill has managed investigations involving wire, mail, healthcare and tax fraud and fraud alleged under the False Claims Act and those arising from computer hacking and data breaches. Cahill also has a long track record conducting antitrust and price fixing investigations in markets including healthcare, pharmaceuticals, automotive industries, paper products, homebuilding, and tobacco.
Global risk assessment and anticorruption compliance (FCPA) : Cahill’s renowned cross-border risk assessment and due diligence practice advises some of the world’s largest and most respected global companies on the full range of anti-corruption matters, including due diligence, compliance, training, investigations and defense. Leveraging our experience in over 50 countries, our team brings familiarity with local challenges while developing practical compliance solutions.
Financial institution litigation, regulation and enforcement: Cahill’s broker-dealer practice ranges from narrow investigations regarding the activities of individual traders to some of the broadest global financial market inquiries ever undertaken for the largest and most prestigious global broker-dealers.
Antitrust litigation: Cahill’s lawyers are trained in a comprehensive range of antitrust and competition matters, from class action litigation and criminal and civil investigations to M&A and other strategic transactions. Cahill litigators represent clients in major civil and criminal investigations and have extensive experience defending antitrust suits asserting price fixing, bid rigging and boycotts, among other claims. It has been involved in many of the most consequential antitrust class actions in recent years, involving LIBOR, foreign exchange, municipal bond derivatives, insurance brokerage fees, IPO underwriting fees, music CDs, vitamins and thermal fax paper.
Cahill Gordon & Reindel LLP > Firm Profile
Cahill is known for having one of the most active and respected capital markets and lending practices in the world. The firm’s reputation is supported by its market presence and deal activity, which has ranked consistently at or near the top of the industry for legal counsel to arrangers, managers and underwriters in debt securities in London and New York. Cahill has been the number one legal advisor to high yield bond underwriters in the US since rankings started in 2005 (Bloomberg) and the top ranked legal advisor to lead arrangers of leveraged loans in the US since 2010 (Refinitiv LPC).
Cahill’s London-based banking and capital markets practice advises global financial institutions and companies on European and transatlantic transactions as well as U.S. transactions for European based companies. The practice provides English law lending and New York law capital markets and loans expertise across the spectrum of lending institutions, from investment and commercial banks to institutional investors and private credit providers. Together with the firm’s capital markets and leveraged finance teams in New York, the firm’s relationships with the leveraged finance market’s leading lenders means the London practice is involved in some of the most sophisticated and challenging leveraged finance transactions. The practice has been ranked as a top 3 adviser to lead banks of Western Europe institutional leveraged loans for 2021 by volume (Debtwire) and a top 10 legal adviser to European currencies corporate high-yield bond underwriters for 2021 by volume (Bloomberg).
PRINCIPAL AREAS OF WORK
The London office’s integrated English law and New York law finance practice regularly acts as lender counsel for acquisition and leveraged financings as well as other structured financings, and represents lenders across the credit spectrum on financial products from high yield to term loan and PIK financings. The practice advises clients at all stages of the financing process.
The London practice acts for underwriters and issuers in debt, equity and equity-linked securities offerings and for dealer managers and solicitation agents in exchange offers, tender offers and consent solicitations in leveraged, distressed, high-grade and cross-over transactions.
Litigation and Investigations:
The London litigation practice represents banks, hedge funds, large corporates and their officers and directors in matters ranging from risk advisory work to internal investigations to complex commercial litigation. Many of its matters are cross-border in nature, with a particular focus on the U.S.
|Co-Administrative Partner, London Banking and Capital Markets||Anthony K. Tamafirstname.lastname@example.org||44.20.7920.9805|
|London Banking and Capital Markets||Jonathan Brownsonemail@example.com||44.20.7920.9809|
|London Banking and Capital Markets||Jake Keavenyfirstname.lastname@example.org||44.20.7920.9808|