Few global law firms have as many lawyers focused on lending as does Mayer Brown, and few global law firms are involved in as many lending transactions as is Mayer Brown. We represent borrowers, arrangers and lenders in financings in all parts of a company’s debt capital structure. All principal arrangers of syndicated credit facilities, and almost all bank and non-bank participants in the lending market, call on us regularly for representation. The transactions on which we work involve major LBO sponsors and private equity firms.
We work on financings for hostile tender offers, first-lien/second-lien financings, bridge financings and asset-based lending transactions. Working with our high-yield and subordinated debt practices, we are a one-stop shop for bank/bond financings. We bring to our clients much industry experience, including our market-leading experience in energy, insurance, mining, real estate and pharmaceuticals.
Our lending lawyers work, and counsel clients, in the Americas, Asia, and Europe. We have a long history of working on some of the world’s most significant cross-border loans – with particular expertise in Latin American and other emerging markets.
Asset-based Lending and Receivables Financing. Mayer Brown has one of the leading international practices in asset-based lending (ABL). We represent a wide range of asset-based lenders and borrowers and are highly skilled in documenting and structuring the most complex ABL and receivables financings, and are deeply knowledgeable about all types of collateral. Our representative transactions range from middle-market club deals to widely syndicated multi-billion dollar financings. We have particular experience with first lien/second lien transactions and have been involved in complex intercreditor issues around the world. Our experience across jurisdictions has given us an understanding of the issues surrounding the granting and perfection of security interests and recoveries on insolvency in the many jurisdictions in which ABL lenders operate. We have extensive experience using asset-based financing techniques to maximize leverage on acquisition finance transactions, particularly in cross-border European deals.
Distressed Debt and Non-Performing Loans. We are recognized as one of the leading law firms in the European distressed debt and non-performing loans (NPL) market. We regularly represent sellers and buyers in major NPL transactions as well as in their day-to-day trading activities. Documents created by our firm have established market standards, particularly in Germany, and are used by a variety of participants. Our experience includes financing NPL transactions by means of leveraged loans and securitizations.
Energy Finance. Companies that explore for, develop, produce, store, market, transport, process and use energy resources are among the most capital-intensive in the world. Our lawyers have extensive experience representing energy clients and lenders to such companies, including commercial and investment banks, in all aspects of the capital-raising process. Our lawyers are experienced in financing the purchase, development and sale of energy production, transportation and storage and other energy infrastructure projects, structuring reserve-based financing of oil and gas assets, financings for refineries, petrochemical-related properties, pipelines, plants and other assets as well as the financing of LNG vessels and related export/import facilities. We are experienced in reserve-based productions loans, volumetric production payments, master limited partnerships, leveraged lease financings, mezzanine financings, tax credit monetizations, export credit and other financial products.
Fund Financing. Mayer Brown has the preeminent subscription finance practice in the US, and the top handful of subscription finance practices in the world, and represents arrangers and lenders in subscription credit facilities for many of the world’s largest and most sophisticated real estate and private equity funds. We have working relationships with nearly every major lending player in the US market and the majority of active lenders in the UK and European markets. We also have vast experience in representing a broad range of fund sponsors as subscription credit facility borrowers.
Latin American Lending. We have more lawyers working on Latin American lending transactions than almost any other global law firm. Mayer Brown is recognized as one of the most prominent law firms representing borrowers and lenders in Latin American loans. For many arrangers of credit facilities for Latin American borrowers, Mayer Brown is their first choice
Workouts and Restructuring. We represent secured and unsecured creditors—both individual creditors and creditor committees—in many workouts of loans and in insolvency proceedings of debtors with syndicated credit facilities. We cover every phase of in the life of a distressed credit: the structuring of workouts, documenting consensual arrangements, foreclosing on collateral and preparing for and advocacy during insolvency proceedings in the Americas (including cases under chapter 11, chapter 7 and chapter 15 of the US bankruptcy code), Asia and Europe (including debtor-in-possession financings in the U.S. and other financings for companies in insolvency proceedings).
Mayer Brown represents financial institutions in the full range of transactional activities that require negotiation and documentation by sophisticated outside counsel.