Debt capital markets

Fairhold Securitisation Limited

Advising the note trustee on contentious issues arising in relation to Fairhold Securitisation Limited's sheltered housing securitisation, taking over from the note trustee's incumbent advisers in September 2017, and subsequently advising the trustee on a compromise of claims and £1 billion restructuring of Fairhold’s notes and swaps liabilities.

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 affecting 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 an aggregate of €2.6 billion of subordinated bonds issued by Bank of Ireland, including extensive dealings with an action group representing retail bondholders.

Marconi

Advising the trustee in relation to the restructuring of Marconi Corporation plc and its subsidiaries and the related Schemes of Arrangement.

Railtrack

Advising the bond trustee in relation to Railtrack’s 7 bond issues on the transfer of Railtrack’s business to Network Rail following Railtrack being placed in to special administration.

Barings

Advising the bond trustee on the insolvency of Barings, including in relation to disputes between bondholder groups, dealings with hostile hedge funds and a scheme of arrangement.

More: Debt capital markets

Corporate trusts

Fairhold Securitisation Limited

Advising the note trustee on contentious issues arising in relation to Fairhold Securitisation Limited's sheltered housing securitisation, taking over from the note trustee's incumbent advisers in September 2017, and subsequently advising the trustee on a compromise of claims and £1 billion restructuring of Fairhold’s notes and swaps liabilities.

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 affecting 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 an aggregate of €2.6 billion of subordinated bonds issued by Bank of Ireland, including extensive dealings with an action group representing retail bondholders.

Marconi

Advising the trustee in relation to the restructuring of Marconi Corporation plc and its subsidiaries and the related Schemes of Arrangement.

Railtrack

Advising the bond trustee in relation to Railtrack’s 7 bond issues on the transfer of Railtrack’s business to Network Rail, following Railtrack being placed into special administration.

Barings

Advising the bond trustee on the insolvency of Barings, including in relation to disputes between bondholder groups, dealings with hostile hedge funds and a scheme of arrangement. 

Real estate finance

10 bank syndicate 

Advised the agent and a syndicate of 10 banks on a £750 million facility to Mount Eden Land Limited secured on the Langham Estate.

Wells Fargo, Helaba and Aareal

Advised on a £400 million secured facility to the Henderson Retail Warehouse Fund.

Wells Fargo

Advised on a £200 million secured term and revolving facilities to WELPUT.

More: Real estate finance

Restructuring and insolvency

Fairhold Securitisation Limited

Advising the note trustee on contentious issues arising in relation to Fairhold Securitisation Limited's sheltered housing securitisation, taking over from the note trustee's incumbent advisers in September 2017, and subsequently advising the trustee on a compromise of claims and £1 billion restructuring of Fairhold’s notes and swaps liabilities.

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 affecting 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 an aggregate of €2.6 billion of subordinated bonds issued by Bank of Ireland, including extensive dealings with an action group representing retail bondholders.

Marconi

Advising the trustee in relation to the restructuring of Marconi Corporation plc and its subsidiaries and the related Schemes of Arrangement.

Railtrack

Advising the bond trustee in relation to Railtrack’s 7 bond issues on the transfer of Railtrack’s business to Network Rail following Railtrack being placed in to special administration.

Barings

Advising the bond trustee on the insolvency of Barings, including in relation to disputes between bondholder groups, dealings with hostile hedge funds and a scheme of arrangement.

Beer distributor- banking facilities

Advising the Agent on the restructuring of a complex debt package provided to a joint venture partners in a vehicle which promotes and distributes a major UK beer brand, including supporting the agent on inter-creditor negotiations with a special situations fund providing new moneys.

Retail warehouse portfolio 

Advised the Agent of a £220 million secured real estate facility on enforcement options and restructuring of the facility, including negotiations with a potential new money lender.

Banks and banking

10 bank syndicate 

Advised the agent and a syndicate of 10 banks on a £750 million facility to Mount Eden Land Limited secured on the Langham Estate.

Wells Fargo, Helaba and Aareal

Advised on a £400 million secured facility to the Henderson Retail Warehouse Fund.

Wells Fargo

Advised on a £200 million secured term and revolving facilities to WELPUT.

Fairhold Securitisation Limited

Advising the note trustee on contentious issues arising in relation to Fairhold Securitisation Limited's sheltered housing securitisation, taking over from the note trustee's incumbent advisers in September 2017, and subsequently advising the trustee on a compromise of claims and £1 billion restructuring of Fairhold’s notes and swaps liabilities.

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 affecting 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 an aggregate of €2.6 billion of subordinated bonds issued by Bank of Ireland, including extensive dealings with an action group representing retail bondholders.

Marconi

Advising the trustee in relation to the restructuring of Marconi Corporation plc and its subsidiaries and the related Schemes of Arrangement.

Railtrack

Advising the bond trustee in relation to Railtrack’s 7 bond issues on the transfer of Railtrack’s business to Network Rail following Railtrack being placed in to special administration.

Barings

Advising the bond trustee on the insolvency of Barings, including in relation to disputes between bondholder groups, dealings with hostile hedge funds and a scheme of arrangement.

Beer distributor- banking facilities

Advising the Agent on the restructuring of a complex debt package provided to a joint venture partners in a vehicle which promotes and distributes a major UK beer brand, including supporting the agent on inter-creditor negotiations with a special situations fund providing new moneys.

Retail warehouse portfolio 

Advised the Agent of a £220 million secured real estate facility on enforcement options and restructuring of the facility, including negotiations with a potential new money lender.