Our corporate trusts team has acted for corporate trustees in their capacity as bond trustee, security trustee and escrow agent on a wide range of capital markets, structured finance, project finance, corporate transactions and restructurings since the mid-1980s, including in connection with the restructurings of Barings, Railtrack, Marconi, British Energy and TXU and the liability management exercises for the Bank of Ireland and The Co-operative Bank plc.
“They link their advice into the commercial background of the situation instead of just giving you the technical legal answer.”
Chambers UK 2015
The Co-operative Group
Advising the bond trustee on issues arising in relation to a liability management exercise involving an exchange offer and a scheme of arrangement in relation to nine subordinated bond issues by The Co-operative Bank plc aggregating in excess of £1.2 billion.
Bank of Ireland
Advising the bond trustee on a liability management exercise implemented in relation to €2.6 billion subordinated bonds issued by Bank of Ireland.
Advising the bond trustee and security trustee on a consent solicitation process in respect of €2,240,153,982.00 amortising zero-coupon bonds issued by ALMC hf.
Advising the trustee in relation to consents, waivers and enforcement issues on a £460m single asset real estate securitisation.
Advising the existing bond trustee on the restructuring of the British Energy Group and the related scheme of arrangement.
Advising the trustee in relation to the restructuring of Marconi Corporation plc and its subsidiaries and the related Schemes of Arrangement.
Advising the note trustee on CVAs implemented in respect of TXU Europe Limited, the guarantor of £275m notes and £301m resettable securities issued by TXU Eastern Funding Company.
Advising the bond trustee in relation to Railtrack’s 7 bond issues on the transfer of Railtrack’s business to Network Rail.
Advising the bond trustee on the insolvency of Barings, including in relation to disputes between bondholder groups and a scheme of arrangement.
Advising a major bank in its capacity as escrow agent in relation to a high profile Indian M&A transaction.