Paul Hastings LLP continues to expand its high yield practice, which acts for numerous leading investment banks, sponsors, corporates and bond investors. The practice is led by Patrick Bright, who joined from Weil, Gotshal & Manges (London) LLP in late 2022 along with Alexander Horstmann-Caines and counsel Jemma Lohr McPherson – the latter working from both London and Paris. Along with the highly regarded Maximilian Kirchner and up-and-coming partner Edward Holmes, they form one of the most experienced teams in the market. With five recognised high yield experts, the firm is staking its claim as a big player in the market. Its impressive array of clients, among them Bank of America Merrill Lynch, Morgan Stanley, KKR and Carlyle, attests to its growing strength among banks and private equity sponsors, though it also acts for issuers such as Boparan Group and GCX. Kirchner recently assisted BAML with a $300m offering by Jones DesLauriers Insurance Management/Navacord, a company controlled by private equity sponsor Madison Dearborn Partners and one of Canada’s fastest-growing multi-line insurance brokers. Peter Schwartz departed in February 2024.
Key clients
- Isabel Marant
- Kiloutou
- Boparan Group Holdings Ltd
- GCX Limited
- Bank of America Merrill Lynch
- EA Partners I & II
- Jefferies
- JP Morgan
- Morgan Stanley
- Goldman Sachs
- Citigroup
- Credit Suisse
- KKR
- Officine Maccaferri S.p.A.
- Barclays
- Carlyle
Work highlights
- Represented BofA Securities, BMO Capital Markets, CIBC Capital Markets, and TD Securities in connection with the offering of $300 million aggregate principal amount of 10.50% senior notes due in 2030 by Jones DesLauriers Insurance Management/Navacord, a company controlled by private equity sponsor Madison Dearborn Partners and one of Canada’s fastest growing multi-line insurance brokers.
- Advising Isabel Marant, a French luxury fashion label and portfolio company of the private equity firm, Montefiore Investments, in connection with the refinancing of its 6.625% Senior Secured Notes due 2025 with new Senior Secured Notes due 2028.
- Advised the initial purchasers on the €175,000,000 5% Senior Secured Notes due 2028 issued by Cidron Aida Finco S.a.r.l. The proceeds of the notes were used to finance general corporate purposes, including certain expected acquisitions.
Lawyers
Practice head
The lawyer(s) leading their teams.
Patrick Bright