With a trans-Atlantic reach, Skadden, Arps, Slate, Meagher & Flom (UK) LLP advises on high-yield debt offerings in both European and US markets. Led by Danny Tricot, head of European capital markets, the team includes Noel Hughes, who has extensive experience in leveraged financing, high-yield debt, and debt liability management transactions, and James McDonald, who represents issuers and underwriters in high-yield debt offerings. Kenneth Ryan joined the firm as counsel in August 2024.
Legal 500 Editorial commentary

Accolades

Client satisfaction

Testimonials

Collated independently by Legal 500 research team.

  • ‘Strong momentum since Noel Hughes joined the practice.'
  • Seeing them on a large number of transactions across the board (sponsor/corporate, issuer/bank side). Particularly strong market share in natural resources transactions.’
  • ‘Noel Hughes is the driving force behind the Skadden high-yield team. He has created a loyal client following with his mix of technical proficiency and commercial acumen.'

  • 'Noel goes above and beyond in his advice to clients. He is keenly aware of market trends and provides a thoughtful perspective not only on strictly legal matters but also on broader commercial aspects.'

  • ‘We can always call them, always friendly and extremely professional. Everything just works.'

Key clients

  • First Quantum Minerals
  • Long Ridge Energy
  • Stena AB
  • Borr Drilling
  • Empark
  • Iceland Foods
  • Shelf Drilling
  • Energean

Work highlights

Advised the initial purchasers in a $1.2 billion Rule 144A/Reg S high-yield offering of senior notes due 2030 by Azule Energy Angola S.p.A., an oil and gas exploration operator in Angola and the largest emerging market independent E&P company.
Advised First Quantum Minerals on its $1 billion Rule 144A/Reg S high-yield offering of senior notes due 2033 and its concurrent cash tender offer for up to $750 million of its senior notes due 2027.
Advised the initial purchasers in a $750 million high-yield offering of senior notes due 2030 by Ivanhoe Mines Ltd.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

Danny Tricot

Other key lawyers

Noel Hughes; James McDonald; Kenneth Ryan