Headed up by Richard Aftanas and Emil Arca, Hogan Lovells US LLP ‘s capital markets practice excels in global offerings. The team has a strong issuer-side focus, handling large investment-grade and high-yield offerings, IPOs for domestic and foreign private issuers, complex liability management transactions, securitizations, and cross-border restructurings. Additionally, it advises across energy, aviation, finance, manufacturing and sovereign sectors. Aftanas advises on spin-offs, tender and exchange offers, and other refinancing matters, as well as corporate governance, SEC compliance, and public company disclosure. Arca advises underwriters, issuers, investors, and lenders on debt capital markets, banking, and restructuring transactions worldwide, with a particular emphasis on Latin America. Sina Hekmat is recognized for his work on high-value corporate, securities, and transactional matters. All partners mentioned are based in New York.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Sector knowledge
Client satisfaction: NPS ®
Testimonials
Collated independently by Legal 500 research team.
- ‘Emil Arca...has a long history of doing cross border transactions in the emerging markets and has the most extensive experience in this type of transaction. He understands the legal pitfalls for these transactions.'
Key clients
- Azul S.A.
- Banco del Austro S.A.
- Banco Industrial
- BOC Aviation Limited
- City of Cordoba (Argentina)
- Enel S.p.A.
- Enstar Group
- KFW
- The Government of the Bahamas
- Medera Inc.
- NCB Financial Group
- Plum Acquisition Corp. III (Plum III)
Work highlights
Represented Enel S.p.A. on its $4.5 billion multi-tranche investment-grade “Yankee bond” offering under Rule 144A/Reg S, the largest placement of debt securities by a European utility to-date in 2025.
Represented Azul S.A. on an aggregate of approx. US$2.5bn groundbreaking transactions supported by an ad hoc group of holders of existing secured bonds and convertible debentures.
Represented KfW, a German state-owned investment development bank, on an aggregate of US$17bn SEC registered public offerings with listings on the Luxembourg Stock Exchange.
Practice head
Richard Aftanas; Emil Arca
Other key lawyers
Sina Hekmat