McDermott Will & Schulte's high-yield team is led by Priya Taneja, who represents both issuers and borrowers, as well as trustees and security and bond agents. The firm has recently advised trustees, agents, and administrators on major cross-border restructurings in the telecommunications and financial services sectors, involving multi-billion dollar debt reductions, schemes of arrangement, and Chapter 11 proceedings across multiple jurisdictions.
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Key clients
- Citibank
- Deutsche Bank AG
- GLAS
- HSBC
- Kroll Trustee Services Limited
- Law Debenture
- Madison Pacific Trust Limited
- Nordic Trustee
- The Bank of New York Mellon
- U.S. Bank Trustees Limited
- Wilmington Trust (London) Limited
- Wilmington Trust National Association
Work highlights
Advising the U.S. Bank as trustee, security agent, and facility agent on the multi-phase, cross-border restructuring of iQera Group, involving the bondholder consent solicitations, conciliation procedure, a €210 million debt reduction, and the issuance of new floating rate notes under New York law.
Representing GLAS in its role as a note agent, security agent, and cash manager on theUS$3.8 billion cross-border restructuring of Digicel Group, which was implemented through two consolidated schemes of arrangement in Bermuda and U.S. recognition proceedings.
Representing Kroll on Intrum AB’s ongoing Chapter 11 proceedings and Swedish reorganisation process, including a motion to dismiss and a related trustee replacement for medium-term notes, alongside guidance on escrow arrangements, exchange notes, and new money financing.
Practice head
Priya Taneja