Philip Anscombe

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

Phil has acted for a variety of 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 particular 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 regularly negotiates complex inter-lender arrangements, pursuant to both European and trans-Atlantic intercreditor agreements and also agreements among lenders (AALs).