Mayer Brown is one of the most active law firms representing lenders, sponsors and borrowers in an extensive and wide range of leveraged finance transactions across all parts of the capital structure.  We routinely represent banks and other institutional lenders in the negotiation of secured and unsecured general corporate and working capital facilities of varying complexity, including competitive bid facilities, multicurrency facilities and, particularly, cross-border facilities. Work includes syndicated credits, multi-currency loans, letter of credit and guarantee facilities, sub-participations, assignments and transfers, guarantees, letters of comfort and all forms of security.

We have represented agent banks and bank syndicates in financings for virtually all major LBO sponsors and private equity firms, including hostile tender offers and multi-jurisdictional cross-border transactions. Working with our high yield and subordinated debt team, we are a "one-stop shop” for bank/bond acquisition and leveraged financings, including the provision of bridge commitments and facilities and first lien/second lien financings.

Asset-Based Lending and Receivables Financing. Mayer Brown has one of the leading international practices in asset-based lending (ABL), with transatlantic coverage and experience across numerous jurisdictions and industries.  Our ABL attorneys represent a wide range of asset-based lenders and are highly skilled in documenting and structuring the most complex ABL transactions involving all types of collateral.  We have particular experience with first lien/second lien transactions and have been involved in complex intercreditor issues around the world.  Our experience across jurisdictions has given us an understanding of the issues surrounding the granting and perfection of security interests and recoveries on insolvency in the many jurisdictions in which ABL lenders operate.

Restructuring and Workouts.  We represent secured and unsecured creditors extensively, acting individually and on behalf of lending syndicates and committees of creditors, in numerous corporate and real estate bankruptcies.  We cover every phase of client representation, including the structuring of workouts, the negotiation and preparation of transactional and financing documents, and all aspects of bankruptcy proceedings, US Chapter 11 and Chapter 7 cases and their European and Asian equivalents, including debtor in possession (DIP) financing, negotiation and preparation of plans of reorganization and adversary litigation in connection with or related to insolvency issues.

Distressed Debt and Non-Performing Loans.  We are recognized as one of the leading law firms in the European distressed debt and non-performing loans ("NPL") market. We regularly represent sellers and buyers in major NPL transactions as well as in their day-to-day trading activities. Documents created by our firm have established market standards, particularly in Germany, and are indirectly used by a variety of participants. Our expertise includes the financing of NPL transactions via leveraged loans and securitizations. More information on our debt trading practice can be found here.