Paul Hastings LLP

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.