Capital Markets: High-Yield Products | UK

A&O Shearman has extensive capital markets bench strength, allowing it to provide sophisticated advice on a comprehensive array of debt and equity transactions. The team's focal points range from bank regulatory work to some of the UK's largest IPOs, as well as complex high-yield offerings and leveraged finance deals. A&O has significant expertise advising on medium-term note programmes and debt issuances for major investment banks and issuers. Equally able across DCM and ECM, the department draws on integrated US law capabilities and support from a network of EMEA partners, to act on the most significant cross-border transactions.

Clifford Chance has a strong reputation for sovereign DCM issuances and high-value IPOs. In particular, the team benefits from both US and European capabilities, as well as a far-reaching high-yield practice with support from specialists in Hong Kong and New York. The firm has expertise in US securities laws including Rule 144A offerings, which enables the smooth handling of complex cross-border transactions.

Simpson Thacher operates a highly regarded and long-standing high-yield practice. Supporting significant issuer clients and underwriters on complex transactions, the firm brings to bear complementary services in the field of banking and finance. In particular, the team is noted for representing large portfolio companies of private equity groups and has extensive experience in the UK, Europe and the USA.

Cravath fields a stellar team of high-yield specialists with a wealth of experience derived from their long-standing work on market-leading transactions. The team works regularly with both corporate clients and underwriters on complex financings for LBOs and is considered outstanding for its work on behalf of US clients.

Paul Hastings' high-yield-focused capital markets team represents major banks, private equity sponsors and corporates. Leveraging a substantive global footprint, the group frequently coordinates between its London and New York offices on deals with complex transatlantic elements.

Paul, Weiss, Rifkind, Wharton & Garrison is a respected team with particular capabilities advising issuers on high-yield offerings. The firm routinely represents private equity clients and are noted for their expertise on cross-border matters, both across Europe and globally. The team has experience across sectors such as telecommunications, gaming and entertainment.

White & Case provides skilled representation across DCM, ECM and high-yield capital markets transactions. Especially recognised for cross-border work, the firm maintains an extremely strong presence in European capital markets as well as the Middle East, Africa and other emerging markets. Areas of particular specialism include sovereign deals, debt restructurings and equity listings for EMEA issuers. The team is routinely sought out for advice on high-value regulatory capital matters and liability management work.