Cahill's Bank Lending Practice Earns Top Rankings in 2010 Legal League Tables
Date: 01/28/11
A consistent leader in advising bank lenders in the U.S. leveraged loan market, Cahill earned the number one ranking as legal advisor to lead arrangers in leveraged loan transactions in 2010 according to Thomson Reuters Loan Pricing Corporation, advising in 76 deals that generated over $72 billion in aggregate proceeds, and capturing a 25% share (by volume) of the U.S. leveraged loan market. Cahill is also ranked first by deal count and third by volume as legal advisor to lead arrangers in M&A loan transactions, and is ranked first by volume and third by deal count in the overall leveraged loans category, representing borrower or arranger.
Cahill advised the arrangers in bank financing transactions that funded or partially funded many of the LBOs and strategic acquisitions that were completed in 2010, including the $5.2 billion buyout of IMS Health and the buyouts of Tomkins plc, inVentiv Health, CKE Restaurants, DynCorp. and Interactive Data Corp., as well as the acquisitions of Cadbury plc by Kraft, Inc., Van Houtte by Green Mountain Coffee, The Broadlane Group by MedAssets, Eliokem International by Omnova, Odyssey Healthcare by Gentiva Health Services and the sale of Miramax Films by The Walt Disney Company, among others. Our corporate lawyers also participated in bank lending transactions to fund refinancings, including a $3 billion refinancing by CIT Group, a $1.95 billion refinancing by NASDAQ OMX, a $2 billion refinancing by QVC as well as the $2.25 billion leveraged recapitalization for Warner Chilcott plc, among others.
On the securities side, in 2010 Cahill is ranked first by Bloomberg as legal advisor to U.S. high yield underwriters in 2010 by volume and deal count, advising on 192 deals that generated over $95 billion in aggregate proceeds. Cahill also ranked first by Bloomberg as legal advisor to Euromarket high yield bond underwriters in 2010 by volume and deal count, advising on 21 deals with over $9 billion in aggregate proceeds. Cahill ranked second as legal advisor to underwriters in Bloomberg's overall U.S. debt securities category, and ranked among the ten most active legal advisors to U.S. underwriters of investment grade corporate debt offerings in 2010.