Cahill Secures Another Set of Top Spots in Bloomberg's Q3 2020 League Tables
Coming off the heels of a remarkable performance in the first half of 2020, Cahill's Capital Markets and Lending practice earned top rankings in various categories across Bloomberg's Q3 2020 Global Legal Adviser league tables.
Bloomberg ranked Cahill the #1 legal adviser to U.S. high-yield bond underwriters, an honor the firm has consistently held since 2005. In Q3 of 2020, Cahill advised underwriters in 116 transactions, generating over $81.1 billion in aggregate gross proceeds and capturing over 31% of the U.S. high-yield market.
Cahill ranked third in Bloomberg’s U.S. Corporate Bonds category, advising in 182 transactions which generated approximately $151.4 billion in aggregate gross proceeds. The firm also ranked in third position among corporate high-yield bond underwriters for European currency transactions and underwriters of sterling investment grade corporate bonds. Bloomberg also ranked Cahill among the most active legal advisers to U.S. investment grade bond underwriters, high-yield bond underwriters for European currency transactions, as well as among several league tables for European investment grade bond underwriters. In equity, Cahill ranked #4 in U.S. Equity Offerings, advising on 14 transactions which generated approximately $17.3 billion in aggregate gross proceeds.
On the lending side, Bloomberg once again ranked Cahill as the #1 legal adviser to lenders across all three major loan league tables. In U.S. Leveraged Loans, Cahill generated more than $140.2 billion in aggregate gross proceeds and captured almost 40% of the market share in the third quarter of 2020, advising on 154 transactions. For all U.S. Loans, Cahill earned over 22.5% of the market share advising lenders in 167 transactions, which generated approximately $151.9 billion in aggregate gross proceeds. Cahill’s performance in these areas earned the Firm the title of #1 adviser to managers and lenders in Bloomberg’s U.S. Leveraged Finance table, advising on a staggering 228 deals for Q3, capturing more than 35.5% of the market share and generating approximately $172.3 billion in aggregate gross proceeds. Cahill also claimed the top rank for advisers to lenders of Global Loans. Across the Atlantic, Cahill had a strong performance in Q3 2020, earning the #3 spot in Bloomberg’s European Leveraged Finance for advisers to manager and lender.