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Debt capital markets law

Legal advice on private placements, listed bonds and note programmes and liability management transactions

Capital Markets | Hill Dickinson

Debt capital markets lawyers

Debt capital markets law 

Our debt capital markets practice provides bespoke, partner-level advice on private placements, listed bonds and note programmes, and liability management transactions.  

Our team is highly experienced in advising clients across UK, European and US markets, having worked with some of the market’s most high-profile names and on a number of notable transactions.

In all of our debt advisory work, we focus on our clients’ goals and ambitions and on getting the deal done efficiently, intelligently and in close collaboration throughout.

How we can advise you

We have a particular focus on advice to UK growth companies, their financial advisers and investors on undertaking private placements of debt. We can also advise on a wide range of debt capital markets transactions and issues, including:

  • private placements
  • listed bonds
  • notes programmes
  • trustee considerations
  • securities regulation
  • compliance and ongoing obligations
  • liability management
  • How our lawyers will work with you

    Debt capital markets transactions can seem daunting, especially for debut issuers. Our approach is to work as efficiently and cost effectively as possible, minimising the demands on your time and fostering collaborative relationships with our clients, their other advisers, and the other parties and advisers involved in a transaction. We focus on strong communication with our clients and on the issues and objectives that are important to them.

  • Our clients

    We work closely with:

    • companies issuing debt securities
    • purchasers and investors
    • brokers and placement agents
    • trustees and agent teams
    • financial advisers
  • Our experience

    Examples of our work include:

    • UK, US and European issuers and purchasers in connection with private placement transactions (with issuance sizes between £20 million and £200 million)
    • Corporate and sovereign issuers and underwriters on c.£60 billion of Regulation S/Rule 144a Eurobonds and medium-term note programme establishments, updates and drawdowns
    • Benchmark liability management transactions, including US and UK issuers in connection with a consent solicitation relating to outstanding notes totalling c.$10 billion and the inter-conditional tender and exchange offer, inaugural Tier 2 notes offering and further cash tender offer by a Portuguese bank
    • Regulatory capital issuances and hybrid capital securities for European banks and corporate issuers
    • Advising a US bank on the re-establishment of and updates to its EMTN programme, together with numerous related issuances totalling in excess of $20 billion
    • UK corporate issuers in relation to the establishment of their ECP programmes

Key contacts