Benefits of Fund-Level Debt in Acquisition Finance

Fund financing is one of the fastest growing areas of the leveraged loan market. Frederick C. Fisher, Zachary K. Barnett, Christopher M. Chubb and Anastasia N. Kaup explain the advantages of using fund level debt financing over traditional financing when acquiring portfolio companies.

Linklaters Hires Donahue, Expands Capital Markets Capabilities

Doug Donahue is joining Linklater’s New York Capital Markets practice as a Structured Finance and Derivatives partner. He joins from Mayer Brown along with counsel William Liu and associate Raha Brown.

Mayer Brown Appoints Senior ABL Partner in UK

Mayer Brown appointed Alex Dell as senior asset-based lending partner. Dell previously led DLA Piper’s Structured Finance Trade and Receivables term in the UK.

Mayer Brown Named Structured Finance Team of The Year

Mayer Brown announced International Financial Law Review named the firm Structured Finance and Securitization Team of the Year at the 2014 IFLR Americas Awards.

Mayer Brown Advises Macquarie Bank on Facility

Mayer Brown announced it advised Macquarie Bank on a three-year €32.5 million ($44 million) facility for Sirius Real Estate. The facility will be used to refinance nine assets as part of a wider restructuring.

Mayer Brown Advises on $1.2B ATP Restructuring and Sale

Mayer Brown announced it advised on the restructuring and sale of ATP Oil & Gas to Alpha Petroleum Holdings.

Mayer Brown Expands Banking & Finance Group

As part of ongoing plans to develop its core practice groups, Mayer Brown announced it has recruited Trevor Wood and Mayank Gupta as partners to its Banking & Finance team in London.

Control Agreements — Avoiding a Potential Pitfall

In the wake of the recent financial crisis, it has become apparent that in many respects cash is indeed king, particularly as a form of collateral. Thus, secured parties would be wise to ensure that they have a properly perfected security interest in a debtor’s deposit accounts. In that regard, secured parties should consider adding […]

United States: Second Circuit Rules Bank Loan Underwriter Eligible for Overtime Pay

On November 20, 2009, the U.S. Court of Appeals for the Second Circuit in the case of Whalen v. J.P. Morgan Chase & Co., No. 08-4092 (2d Cir. November 20, 2009) held that a loan underwriter employed at J.P. Morgan Chase & Co. (Chase) was not covered by the administrative exemption from the overtime requirements […]