Leveraged Finance Practice Bolsters Allen & Overy’s U.S. Growth

Throughout 2017 and the first quarter of 2018, Allen & Overy‘s Leveraged Finance practice in the U.S. continued to accelerate following the firm’s significant expansion of its New York based group in early 2017.

The leveraged finance team regularly serves as the advisor-of-choice to leading financial institutions on complex U.S. and cross-border transactions across a range of industries.

Highlights from the practice’s transactional work in 2017 and 2018 include advising the joint lead arrangers including Credit Suisse, Goldman Sachs, Deutsche Bank, BMO, RBC Capital Markets and Credit Agricole on the $3.6 billion senior secured credit facilities to support Brookfield Capital’s pending acquisition of Westinghouse, an international nuclear services provider, and advising Credit Suisse as lead arranger and administrative agent providing financing for the acquisition of Dexter & Chaney by Viewpoint, Inc., a portfolio company of Bain Capital.

To help fuel the growth of the practice and support its increasing deal volume, the leveraged finance team made a number of strategic hires over the past eighteen months. These included market-leading attorneys from White & Case, Paul Hastings, Cahill, Latham, Milbank, Proskauer and Fried Frank. Today, the practice consists of eight partners supported by a large group of associates with plans to bring on additional team members in 2018.

“The past year was one of impressive growth for our practice through the expansion of both U.S. and cross-border client relationships and the addition of new talent,” said partner Bill Schwitter. “The expertise of our leveraged finance team combined with Allen & Overy’s international reach enables our practice to provide clients with best-in-class counsel on highly-complex deals, which often involve multiple jurisdictions. The team and I look forward to continuing our upward trajectory in 2018 as we tackle the ever-evolving leveraged finance landscape.”

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