Capital Markets
The unrivalled strength of our multi-disciplinary group (comprising our Capital Markets, Tax, Financial Regulation and Listing teams) provides a unique platform for advising on complex transactions and makes Arthur Cox a market-leading law firm in debt capital markets, structured finance and securitisation.
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OUR EXPERTISE
We are consistently at the forefront of debt capital markets, structured finance and securitisation developments. Our expertise includes:
- ABS / CMBS / RMBS
- Bonds and EMTN programmes
- CLOs
- Performing/non-performing loan portfolio sale and finance transactions
- Covered bonds
- Derivative and treasury products
- Direct lending structures
- Exchange-traded commodities
- Fund-linked structures
- High yield bonds
- Liability management exercises
- Life settlement structures
- Regulatory capital
- Repackaging programmes and trades
- Retention structures
- Sovereign debt
- Standalone bonds and debt programmes
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"Personable and responsive, practical and super easy to deal with. Great internal bench strength on regulatory matters as well."
Legal 500, 2024
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DEBT LISTING
We provide listing services through Arthur Cox Listing Services Limited, headed by Helen Berrill (formerly Head of Structured Product Listing at Euronext Dublin).
Arthur Cox Listing Services is the leading listing agent by volume for listing debt securities and funds on Euronext Dublin.
OUR TRACK RECORD
We are consistently at the forefront of structuring ground-breaking and award-winning transactions. Some of our recent transactions include:
- Advising issuers, sellers, arrangers, trustees and/or investors in almost all recent Irish RMBS transactions (by banks, non-bank lenders and acquirers of loan portfolios) including: - Allied Irish Bank’s two ‘Burlington’ transactions (both were ‘STS’ transactions, with Burlington 1 being Ireland’s first ‘STS’ RMBS transaction) - Finance Ireland’s RMBS transactions - Morgan Stanley’s ‘Jepson’, ‘Warrington’, ‘Shamrock’ and ‘Primrose’ transactions - Lone Star’s ‘ERLS’ securitisations - PTSB’s ‘Fastnet’ and ‘Glenbeigh’ transactions - Dilosk’s RMBS transactions.
- Securitisations of non-performing and re-performing acquired portfolios by various sponsors, including Apollo, CarVal and Balbec Capital.
- Advising the issuers (Atlas Copco, Tesco, Vodafone, Ryanair, CRH, daa, Experian) and the managers (on issues for Dell Bank and Bank of Ireland) on eurobond issuances.
- Advising on the establishment of commercial and residential warehouse lending arrangements for non-bank lenders.
- Advising the arrangers and dealers of mortgage covered securities programmes for Allied Irish Banks, Bank of Ireland and EBS.
- Advising on numerous European CLO transactions for collateral managers including: Apollo, AXA, Blackstone, Carlyle, Chenavari, Cross Ocean Partners, Alcentra, CVC, GoldenTree, KKR, Man GLG, Partners Group, Permira, Signal Capital and Sound Point.
- Advising on the development and implementation of many leading originator/permanent warehouse structures, including originator structures for Blackstone, Cross Ocean Partners, Partners Group, Napier Park, Investcorp, HIG Capital and the Chenavari permanent warehouse structure.
- Advising the arrangers (including Bank of America, Citigroup and Morgan Stanley) on a number of recent CMBS transactions using Irish SPVs.
- Advising on repackaging programmes for leading investment banks such as Bank of America, Barclays, BNP Paribas, Credit Agricole, Goldman Sachs, Citibank, RBS, Morgan Stanley (London and New York), Macquarie, Société Générale and MUFG.
- Advising buyers and sellers of Irish real estate assets and loan portfolios.
- Advising on MBS transactions in the United Kingdom, France, Italy and Germany through Irish SPVs for leading banks including Citibank, Bank of America, Goldman Sachs and ABN AMRO.
- Acting for the issuers of various securities secured on portfolios of Greek SME loans, NPLs and autolease receivables (both listed and unlisted).
- Advising domestic and international banks on synthetic securitisations using Irish SPVs.
- Advising domestic and international issuers with Euronext Dublin listings on ongoing securities laws obligations, including under the Market Abuse Regulation, Transparency Directive, Prospectus Regulation and Listing Rules.
- Advising on the establishment and use of Irish SPVs in life settlement transactions, including for Vida Capital Inc., Barings, FDO, Blackstone and Redbird Capital Partners.