Kirkland & Ellis LLP is best known for representing sponsor-backed companies in high-yield debt offerings, though it has a much broader practice for public companies and underwriters. The capital markets team is also noted for liability management and restructuring exercises, including Chapter 11 processes; this was an active area of practice for the team in 2023. New York partners Joshua Korff, Sophia Hudson and Christian Nagler are prominent names in debt offerings, along with Chicago partner Robert Hayward. Rachel Sheridan has joined the Washington DC office from Latham & Watkins LLP.
Legal 500 Editorial commentary
Key clients
- Alight, Inc.
- Allegion
- Ares Management
- At Home
- Bed Bath & Beyond
- Blue Owl Capital Inc.
- Callon Petroleum Company
- Carvana Co.
- Charter Communications
- Civitas Resources
- Eli Lilly
- GTCR
- Intuitive Machines
- John Deere
- Kellogg
- Kodiak Gas Services
- Shoals Technologies Group
- Vericast Corp.
- Vista Equity Partners
- WeWork
Work highlights
- Advised Bed Bath & Beyond on multiple out-of-court transactions that allowed it to avoid what would have otherwise been an immediate free-fall Chapter 11 filing, which included an equity capital markets transaction.
- Advised global pharmaceutical company Eli Lilly and Company on a four-tranche $4bn registered bond offering.
- Advised WeWork on multiple transactions, including the comprehensive restructuring of its capital structure, reducing WeWork’s net debt by approximately $1.5bn.
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