Widely recognized as the leading law firm in leveraged finance, Cahill has long and close working relationships with many prominent international banking institutions, including Citigroup, Credit Suisse, JPMorgan, and Wells Fargo, among others. Our clients trust our experience and ability to deliver solutions-focused advice and deal execution, especially when the factual and legal issues are challenging and/or the financing structures are complex. They entrust us with the most sophisticated and challenging finance transactions: we represented the financing sources in nine of the ten largest U.S.-based leveraged buyouts completed to date.
Recognized as a 2019 Practice Group of the Year by Law360, our Capital Markets & Lending practice represents lenders and borrowers in loan financings, underwriters and issuers in debt, equity and equity-linked securities offerings and dealer managers and solicitation agents in exchange offers, tender offers and consent solicitations, in leveraged, distressed, high-grade and cross-over credits. We also represent mezzanine lenders and private equity investors in leveraged and strategic transactions.
For the fourteenth consecutive year, Cahill earned the distinction of being ranked as the #1 legal adviser to U.S. high yield bond underwriters by Bloomberg. In 2019, Cahill advised underwriters in 140 transactions, which generated over $84 billion in aggregate gross proceeds and captured almost 36% share of the U.S. high yield market. In the U.S. Corporate Bonds category, Cahill generated over $125 billion in aggregate gross proceeds advising for 183 transactions and capturing over 10% of the market share. The firm is also ranked among the most active legal advisers to underwriters of U.S. investment grade bonds, European high yield bonds, Canadian bonds, and global bonds.
In the U.S. loan market, Cahill ranked first by Refinitiv Loan Connector as legal adviser to U.S. lead arrangers in leveraged loan transactions completed in 2019, advising arrangers in 179 transactions generating aggregate gross proceeds of nearly $200 billion, and capturing almost 35% share of the market. Cahill has been the top ranked legal adviser to lead arrangers of leveraged loans since 2010. Cahill also ranked first as legal adviser to bookrunners in the overall loans transactions category by volume, and ranked first as legal adviser to lead arrangers in M&A loan transactions by deal count, advising in 74 deals that generated approximately $85 billion in aggregate gross proceeds.
On the equity side, Cahill ranked among the top 15 legal advisers to U.S. underwriters of equity offerings by Bloomberg, advising on seven deals which generated approximately $3.58 billion in aggregate gross proceeds.