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STRUCTURED CREDIT AND COLLATERALIZED LOAN OBLIGATIONS

The Collateralized Loan Obligation (CLO) market has rebounded strongly since the financial crisis, with the U.S. CLO market reaching a record US$125B in 2014, up from its pre-crisis high of US$97B. As changing market conditions create both challenges and opportunities, we are here to help our clients structure deals, manage risks, and navigate new paths to growth.

An Experienced Structured Credit and CLO Team

Our market-leading lawyers advise arrangers, collateral managers, and investors in CLO, credit derivative, and other structured credit transactions. We serve as principal counsel to a number of leading CLO arrangers.

We offer our clients deep experience, unparalleled market knowledge, and efficient transaction management, having worked in the structured credit area from its early beginnings.

A Leader in the Rebounding CLO Space

  • We have participated in hundreds of transactions and successfully closed deals in every type of market—including representing the arranger or collateral manager in over US$25B of U.S. CLO issuance in 2014.
  • Our wide-ranging experience encompasses virtually every type of structure, and with underlying collateral that includes bank loans (broadly syndicated and middle-market), high-yield bonds, ABS, MBS, trust preferred, distressed debt, hedge fund interests, and emerging market debt.
  • We have negotiated with the leading investors in each class of debt and equity, and have worked with (and opposite) both seasoned and first-time collateral managers.
  • Our team has been at the forefront of innovation relating to regulatory matters, including the Volcker Rule and U.S. and European risk retention requirements.

Recognition For Our Practice

  • Recognized with the #1 ranking for US Arranger Counsel by Creditflux for 2016
  • Recognized with the #1 ranking for Top Underwriter Counsel for US CLOs by Asset-Backed Alert for the first half of 2016
  • Ranked #2 among US Global Arranger counsel for 3Q 2016, based on value and number of deals by Creditflux

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