Capital Markets

Cahill is a global leader in capital markets, advising on some of the most transformative and sophisticated transactions in the world.

We represent leading financial institutions, corporate issuers, and other asset managers in high-yield and investment-grade debt offerings, equity transactions, and hybrid financings. Clients rely on us to deliver precise execution, strategic insight, and unmatched market knowledge in time-sensitive and complex transactions.

Our Capital Markets practice is among the top-ranked in the world, as measured by volume and deal count and as judged by Chambers USA, Chambers Global, and The Legal 500, among others.

Our clients choose Cahill again and again as their first call not just for our unparalleled market experience from more than three decades of market leadership in capital markets but for our unique commercial and collaborative approach to deals and singular focus on deal execution.

Why Clients Choose Cahill

Integrated Approach Across Markets

Our Capital Markets, Banking, and Private Credit teams work seamlessly across products, enabling clients to structure and execute multi-tranche, multi-product financings with speed and precision. We are renowned for breaking down traditional silos between capital markets and banking, providing a unique dexterity invaluable to our clients, and setting Cahill apart from our peers.

High-Yield Market Leadership

We have shaped the high-yield market for more than 30 years, with deep experience in new issuance, refinancings, and liability management for both U.S. and cross-border offerings.

Cross-Border Capabilities

With integrated U.S. and UK teams, we are a key adviser to investment banking firms, commercial banks, and public and private companies on a broad range of debt capital markets instruments, with particular focus on secured and unsecured high-yield debt offerings, working closely with clients and counsel in overseas jurisdictions to ensure each deal is a success. Ranked in Chambers UK, Chambers Global, and The Legal 500 UK, Cahill is described as having an “unrivalled position as the key adviser to global underwriters.”

Strategic Legal Counsel

Clients seek out Cahill for our solutions-focused advice and deal execution, especially in evolving legal and regulatory environments where the factual and legal issues are challenging and the financing structures can be complex.

What We Do

Our Capital Markets practice operates across all major industries, including business services, construction, energy, entertainment, financial services, food & grocery, gaming, healthcare, infrastructure, manufacturing, oil & gas, pharmaceuticals, real estate, software, telecommunications, and more. 

While best known for our four decades leading the high-yield bond market, our deep bench of attorneys work across a wide variety of capital markets products, representing 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.

That depth of experience has positioned the practice to lead some of the most sophisticated financial transactions across global markets, often at the forefront of cutting-edge deal terms.

High Yield Debt Offerings

For over two decades, Cahill has earned the distinction of being ranked as the #1 legal adviser to U.S. high-yield bond underwriters by Bloomberg and is ranked in Band 1 annually by Chambers USA and Chambers Global.

“Cahill has a great knowledge of high yield covenants and understands the market dynamics.” – Chambers USA

Cahill represents investment banking firms on financing transactions involving new issuance of secured and unsecured high yield debt securities, debt offerings and debt exchange and tender offers. Cahill is regularly the first call for the banks involved in leveraged lending and high yield bond underwriting.

Among our other rankings:

• #1 legal counsel to North American high-yield bond managers by volume in 2024, per Debtwire
• #2 legal counsel to North American M&A high-yield bond managers by volume in 2024, per Debtwire

Investment Grade Debt Offerings

Bloomberg ranked Cahill among the leading legal advisers by volume to managers in the U.S. Corporate Bonds category in 2024. Cahill was also ranked among the most active legal advisers to U.S. investment grade bond underwriters and among the top firms in several league tables reporting on underwriters for European investment grade bonds. The firm is also recognized by Chambers USA in the Investment Grade Debt: Manager Representation category.

“Cahill has a knowledge base which allows them to execute significantly faster and more seamlessly compared to other shops.” – Chambers USA

Equity Offerings

Cahill regularly advises on equity and equity-linked securities, as well as initial public and follow-on equity offerings. In fact, clients often ask Cahill to advise on these offerings as part of larger transactions involving high-yield and investment grade debt offerings. Given our firm’s approach to capital markets, Cahill’s lawyers are able to see such expansive and inter-locking matters from all sides, understanding how each piece best fits to deliver on the client’s larger goals. Cahill’s equity practice has also been recognized by Chambers USA.

“Cahill has great lawyers with unique approaches and solutions for solving issues.” – Chambers USA