The awards, judged by Legal Week, The American Lawyer and Corporate Counsel, recognize excellence in handling transatlantic matters
Milbank, Tweed, Hadley & McCloy LLP has been named “Financial Restructuring Team of the Year” and “Finance Team of the Year” by Legal Week and The American Lawyer for the Transatlantic Legal Awards 2018. The awards ceremony took place in June in London.
The Transatlantic Legal Awards, judged by senior journalists at Legal Week, The American Lawyer and Corporate Counsel, recognizes excellence in handling transatlantic matters across the key areas of corporate, finance and disputes, as well as highlights law firm innovation, commitment to pro bono, outstanding transatlantic strategy, and in-house leaders.
Milbank is pleased to win for the following practice awards:
Financial Restructuring Team of the Year: Among its many groundbreaking multinational restructuring transactions, Milbank recently advised an ad hoc group of lenders holding approximately $3 billion of the $3.7 billion of debt restructured by Ocean Rig UDW Inc. (NASDAQ: ORIG), a leading international offshore drilling services contractor. The transaction structure incorporated a number of different elements to successfully deliver a first-of-its-kind restructuring that significantly de-levered Ocean Rig’s debt burden and provided a much-improved outcome for creditors than any feasible alternative. Milbank employed a fully integrated international team staffed in Milbank’s London, New York, Sao Paulo and Los Angeles offices to successfully complete this transaction.
Consistently ranked as leaders in Chambers, Legal 500, IFLR1000, Turnarounds & Workouts, and Benchmark Litigation, Milbank’s Financial Restructuring Group is known globally for prominent corporate restructurings and groundbreaking chapter 11 cases. The Financial Restructuring Group recently deepened its London bench with the addition of a team of four partners.
Finance Team of the Year: Among its notable recent matters, an international team of Milbank attorneys represented HSBC as administrative agent and collateral agent and Deutsche Bank, Credit Suisse and Macquarie as lead arrangers in connection with the acquisition and financings of Nord Anglia Education, Inc., a Hong-Kong based operator of international schools, by Baring Private Equity Asia in a deal that valued the company at approximately $4.3 billion. The integration of transatlantic elements into the deal structure and documentation allowed for a successful syndication across the US and Europe enabling Milbank’s clients to provide Baring Private Equity the amount of financing necessary to complete the acquisition.
Milbank has one of the leading integrated international finance practices across capital markets, leveraged finance, structured finance, projects and complex credit products, and has advised businesses and financial institutions on structuring and executing complex transactions for over a century. The Global Capital Markets and Leveraged Finance groups this year added two market-leading capital markets lawyers, establishing one of the premier pan-European and transatlantic capital markets offerings in London and broadening the firm’s existing market-leading finance offerings.
