High Yield Financing
Our internationally recognized global high-yield team is uniquely integrated with the Firm’s wider banking, finance, restructuring and capital markets teams, enabling us to provide seamless advice on all aspects of complex high-yield transactions in key markets across the U.S., Europe, Latin America and Asia – frequently in market-leading deals.
We have acted for every leading investment bank and regularly advise on complex high-yield bond deals – both SEC-registered offerings and those under Rule 144A/Regulation S – representing leading investment banks and issuers around the world in both single and multi-jurisdictional cross-border transactions.
From financing and refinancing to structured finance, restructuring, and liability management we have deep experience with high-yield products across diverse industries, including infrastructure & energy, retail, fintech, real estate, media, and technology.
Braskem Idesa, S.A.P.I., the largest polyethylene producer in Mexico, in connection with its issuance of $1.2 billion 6.990% senior secured notes due 2032 pursuant to Rule 144A and Regulation S, with a hybrid high-yield/project bond covenant package.
PIMCO as an initial purchaser of unregistered redeemable notes issued by Amherst Group Holdings, LLC, a vertically integrated real estate platform that enables scale investments into single-family homes for rent. The original aggregate principal amount of the notes is $750 million.
Jefferies as sole bookrunning manager and as joint lead manager in connection with the issuance by LSB Industries, Inc., of $500 million of 6.250% senior secured notes due 2028. Paul Hastings also represented Jefferies in the company’s $200 million add-on offering of senior secured notes.
Jefferies, Deutsche Bank Securities, and Nomura as initial purchasers of Eco Material Technologies, Inc.’s $525 million aggregate principal amount of 7.875% senior secured green notes due 2027.
Deutsche Bank, Jefferies, Regions Securities and Bank of Montreal as underwriters in connection with ModivCare Escrow Issuer, Inc.’s private placement of $500 million in aggregate principal amount of 5.000% senior notes due on October 1, 2029.
Heritage Petroleum Company Limited in the issuance of its $500 million secured notes. Concurrently, the company in connection with the tender offer and consent solicitation of the outstanding 9.75% senior notes due 2026 issued by its sole shareholder, Trinidad Petroleum Holdings Limited.
Seaport Global Securities LLC in its role as placement agent for Curaleaf Holdings, Inc.’s $425 million private placement of 8.0% senior secured notes due 2026.
Wells Fargo Securities as representative of the initial purchasers in a private offering of $400 million of senior notes due 2029 by Laredo Petroleum, Inc., an independent energy company focused on the acquisition, exploration and development of oil and natural gas properties, primarily in the Permian Basin in West Texas.
Barclays as representative of the initial purchasers in Blackstone Mortgage Trust’s inaugural offering of $400 million of senior secured notes due 2027.
RBC Capital Markets as the initial purchaser in connection with an add-on offering of high-yield senior unsecured notes by Allen Media, a television media group. The offering constitutes a further issuance of the $350 million of high-yield senior unsecured notes that Allen Media issued in February 2020, in which Paul Hastings also represented the initial purchaser. Concurrently with the offering, the company also launched a consent solicitation with respect to the notes.
Sagicor Financial Company Ltd. in connection with its $150 million offering of 5.300% senior notes due 2028.
Jefferies, as initial purchaser, in the offering of $50 million aggregate principal amount of Tacora Resources Inc.’s 8.250% senior secured notes due 2026.
Imperial Capital and Pareto Securities as joint placement agents in the offering by GAC HoldCo Inc. (Greenfire) of 312,500 units consisting of $312.5 million aggregate principal amount of senior secured notes due 2025 and 312,500 warrants.
Transtelco Holding, Inc., a leading global digital infrastructure solutions provider, in a third-party cash tender offer and consent solicitation for the 8% senior secured notes due 2024 of Maxcom Telecomunicaciones, S.A.B. de C.V., a Mexican facilities-based telecommunications provider.