Our financing lawyers are highly regarded for their excellence, broad experience and versatility. We work on the most difficult, demanding and innovative deals and provide the highest quality legal advice to all types of clients.
We act for many leading UK and international corporates, and support them in all their treasury transactions, making us a pre-eminent adviser to corporate borrowers and issuers. We also work for major financial institutions on challenging transactions or those involving novel instruments or structures.
Our financing expertise includes:
- acquisition and leveraged financing, including senior, mezzanine and subordinated debt and high yield bonds
- derivatives of various types and forms, including interest rate, currency, credit, equity, commodity, insurance and other swaps and options, repos and stock lending
- leasing and asset finance for aircraft, ships and other capital assets
- loan finance of all kinds, including corporate and sovereign
- non-bank lending, including note issuances into the US private placement market, loans from institutional investors, and other alternative sources of debt financing
- project finance in various sectors around the world
- securitisations, including synthetic securitisation, of many types of asset in numerous countries, employing a variety of structures
- structured products, including arrangements designed to meet specific tax, accounting or regulatory objectives
- debt capital markets, including issues of bonds, commercial papers, medium term notes, convertibles, warrants, depository receipts and other securities
- high profile restructuring and insolvency cases
Slaughters have a standout borrower practice. They are head and shoulders above the rest. Chambers UK, 2016View all Financing media comments
Our experience includes advising:
Arsenal Football Club in connection with the financing, real estate, planning and construction issues relating to its new stadium project.
British Airways on its US$1.7 billion long term multiple option facility which will be used to finance aircraft delivered over the next five years.
BHP Billiton on the committed bank financing facility of US$55 billion put in place in connection with the all share inter-conditional offers for Rio Tinto Limited and Rio Tinto plc.
Cadbury in relation to two credit facilities - for £1.75 billion and £450 million - put in place for the purposes of the creation and listing in London of Cadbury plc as a stand alone confectionery company (and the connected listing of Cadbury ADRs on the New York Stock Exchange).
Dufry AG, a leading global travel retailer, in relation to a new CHF800 million and US$435 million facility agreement required in connection with Dufry's merger with Hudson Group, the premier travel retailer in North America, and the refinancing of Hudson's debt and Dufry's existing bank debt.
Ineos on the acquisition financing for its US$9 billion purchase of Innovene. One of the world's biggest ever leveraged buyouts, the acquisition involved a total financing package of over EUR 9 billion (covering the purchase cost and a refinancing of Ineos's existing borrowings).
Nordea Bank on the first Finnish residential mortgage backed securitisation. The transaction involved the issuance of EUR 7.8 billion notes by Kirkas Northern Lights Limited, backed by mortgages originated by Nordea Bank Finland Plc.
Songbird Estates on its refinancing of the facilities for the acquisition of the Songbird Estates stake in Canary Wharf Group PLC. The new facility consisted of a term facility of approximately £800 million and a revolving credit facility of approximately £80 million.
YTL Power International Berhad (YTL Power) on its SGD 2.25 billion acquisition financing facility for the acquisition of PowerSeraya Limited which on 2 December, 2008 YTL Power announced it is to acquire from Temasek Holdings, the Singapore sovereign wealth fund, for an enterprise value of SGD 3.8 billion.