Philip Anscombe

Phil is counsel in Davis Polk’s Finance practice. He focuses on leveraged and acquisition finance (and other event-driven financing transactions), as well as refinancings and restructurings of leveraged assets.

He has acted for clients in both the middle market and the large-cap space, with a particular focus on alternative lenders and private credit funds. He is experienced across a broad range of debt products and capital structures, including TLB, unitranche/SSRCF, first-out/last-out unitranche, first-lien/second-lien and bank/bond. He has deep experience in advising with respect to subordinated debt products, including holdco PIK (both in relation to control equity investments and minority/back-levered structures) and preferred equity.

Phil has worked extensively on bespoke sponsorless and opportunistic financings as well as private-equity-backed transactions. He also negotiates complex inter-lender arrangements, pursuant to both European and trans-Atlantic intercreditor agreements and also agreements among lenders (AALs).