High yield

Paul Hastings LLP

Client Satisfaction

Paul Hastings LLP has 'a very strong and high-quality high yield deal team', led by the vastly experienced Patrick Bright. The firm has grown its team in recent years, with Alexander Horstmann-Caines and counsel Jemma Lohr McPherson following Bright from his previous firm in 2022 to join Maximilian Kirchner, a key adviser to investment banks, multinational companies and private equity sponsors, and up-and-coming talent Edward Holmes, who is particularly active in the sponsor and acquisition financing space. Although high-profile partner Peter Schwartz took a team to join King & Spalding LLP in early 2024, the firm continues to be a major presence in the leveraged finance market, and it frequently handles private equity sponsor-backed high yield financings alongside Term Loan B and private credit deals. Although it is primarily creditor-focused, the London group also acts for private equity sponsors and corporate issuers in new issuances, as well as restructuring and liability management exercises, including bond buybacks and exchange offers.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Very strong and high-quality high yield deal team.'
'The transaction involved several unconventional considerations around the listing venue and potential local clearing. PH managed both these aspects very well, and proved their usefulness particularly by connecting and coordinating with the right local counsel who helped us execute the transaction successfully.’

Key clients

Morgan Stanley
Goldman Sachs
J.P. Morgan
Bank of America
Barclays
BNP Paribas
Deutsche Bank
BMO Capital Markets
Credit Agricole
Jefferies
RBC
Citigroup
Standard Chartered Bank
Standard Bank
Kiloutou
Infopro Digital
Isabel Marant
The Very Group
Mudrick Capital

Work highlights

Advised Kiloutou, a leading generalist equipment rental company in Europe and portfolio company of HLD and Dentressangle, in connection with the issuance of its senior secured floating rate notes due 2030 and related tender and exchange offers.
Represented a consortium of initial purchasers, led by Goldman Sachs, in connection with the $2.05bn issuance of senior guaranteed notes due 2029 by CSC Holdings, LLC, a wholly-owned subsidiary of Altice USA, a leading broadband communications and video services provider in the US.
Advised Goldman Sachs in connection with the offering of CHF 100m senior secured notes due 2028 by Matterhorn Telecom S.A., the parent company of Salt Mobile S.A., one of the fastest growing, fully converged Swiss telecommunications operators and one of the three major national telecommunications players in Switzerland.