Cahill Earns Top Rankings by Bloomberg in Q1 Global Legal Advisory League Tables
Cahill's finance practice has again earned top rankings in various debt and equity categories tracked in Bloomberg's Q1 2012 Global Legal Advisory League Tables.
Cahill ranked as the number one legal advisor to U.S. high yield bond underwriters, advising on 45 deals (close to one third of all the high yield deals ranked by Bloomberg in the first three months of 2012), which generated over $26 billion in aggregate gross proceeds. Cahill also ranked as the second most active legal advisor to U.S. underwriters in Bloomberg's overall debt category by value, and ranked among the top ten legal advisors to underwriters of U.S. investment grade bonds and to global bond underwriters. Cahill ranked third as legal advisor to Euromarket underwriters, participating in seven deals that generated aggregate gross proceeds of $1.6 billion, capturing a 10% share of the high yield debt Euromarket. Deal highlights included a triple tranche $4 billion offering of notes by DIRECTV, a $1.5 billion dual-tranche offering of notes by ILFC and a three-part offering by Fresenius Medical comprised of: €250 million of its 5.25% Senior Notes due 2019, $800 million of its 5.625% Senior Notes due 2019 and $700 million of its 5.875% Senior Notes due 2022.
On the equity side, Cahill ranked among the top ten legal advisors to U.S. underwriters of equity offerings and equity-linked transactions. Deal highlights included representation of the various underwriters in common stock offerings by Hercules Offshore, Nielsen Holdings N.V., Aircastle and VIVUS.