Orrick, Herrington & Sutcliffe LLP’s Post

Faced with a challenging deal-making environment, volatile geopolitical backdrop and rising cost of capital, dealmakers are increasingly concerned about risks inherent to closing mechanics of complex acquisitions. In acquisition finance, there is scrutiny to ensure committed funds arrive on time and utilisation mechanics adapt to facilitate funds flow and not vice versa. In this article via the JIBFL (Journal of International Banking and Financial Law), Nick O’Grady, Philippe Bernier-Cormier and Gabby White from Baker McKenzie’s leveraged finance team look at developments in pre-funding structures and documentation in both the syndicated and private credit markets. https://lnkd.in/eNKx4TZT

Faced with a challenging deal-making environment, volatile geopolitical backdrop and rising cost of capital, dealmakers are increasingly concerned about risks inherent to closing mechanics of complex acquisitions. In acquisition finance, there is scrutiny to ensure committed funds arrive on time and utilisation mechanics adapt to facilitate funds flow and not vice versa. In this article via the JIBFL (Journal of International Banking and Financial Law), my colleagues Nick O’Grady, Philippe Bernier-Cormier and Gabby White from Baker McKenzie’s leveraged finance team look at developments in pre-funding structures and documentation in both the syndicated and private credit markets. https://lnkd.in/e8FHWau7

📆 SAVE THE DATE - 27 Jun 2024 📆 Registration will soon be open for R3 and INSOL Europe's International Restructuring Conference in London, focusing on cross-border restructuring and insolvency. The event is for all restructuring and insolvency professionals, with an interest in cross-border matters, including financial advisers, lenders, distressed asset investors, judges and academics. Find out more here: ➡️ https://lnkd.in/g7AKtpc R3 Association of Business Recovery Professionals #INSOLEurope #insolvencyprofessional #insolvencynews #insolvencypartners

Explore the latest insights from our London financial restructuring team on the critical aspects of securing new funding during restructuring processes. This article delves into the strategic considerations necessary for stakeholder involvement, particularly through English Schemes or Restructuring Plans. 

In this article from our London financial restructuring team, we look at some of the key considerations for stakeholders where new money is required in connection with a restructuring that is being implemented via an English Scheme or Restructuring Plan, including the parameters for structuring the new money in terms of creditor participation, economics and other incentives. We also reflect on structuring considerations for situations where new money is required on an urgent or interim basis to bridge through to closing of the restructuring: https://lnkd.in/eKrQckNG By James Terry, Jacqueline Ingram, Lauren Priest Pflueger, Matthew Finnie #Restructuring #Finance #NewMoney #EMEA

Faced with a challenging deal-making environment, volatile geopolitical backdrop and rising cost of capital, dealmakers are increasingly concerned about risks inherent to closing mechanics of complex acquisitions. In acquisition finance, there is scrutiny to ensure committed funds arrive on time and utilisation mechanics adapt to facilitate funds flow and not vice versa. In this article via the JIBFL (Journal of International Banking and Financial Law), Nick O’Grady, Philippe Bernier-Cormier and Gabby White from Baker McKenzie’s leveraged finance team look at developments in pre-funding structures and documentation in both the syndicated and private credit markets. https://lnkd.in/eSSwvy39

Faced with a challenging deal-making environment, volatile geopolitical backdrop and rising cost of capital, dealmakers are increasingly concerned about risks inherent to closing mechanics of complex acquisitions. In acquisition finance, there is scrutiny to ensure committed funds arrive on time and utilisation mechanics adapt to facilitate funds flow and not vice versa. In this article via the JIBFL (Journal of International Banking and Financial Law), Nick O’Grady, Philippe Bernier-Cormier and Gabby White from Baker McKenzie’s leveraged finance team look at developments in pre-funding structures and documentation in both the syndicated and private credit markets. https://lnkd.in/eS8gYt5K

Our own James Tetherton has been featured in this recent article from Real Deals on the evolving challenges of due diligence in private equity. In this article, James offers his insights on how the current market demands a more flexible approach to diligence and discusses the increasing trend of "outside-in" due diligence. Read the full article below or in Real Deals' September print edition to learn more about the way we’re approaching commercial due diligence at GRAPH. https://lnkd.in/g-PkJB5d #GRAPHStrategy #DueDiligence #CommercialDueDiligence #CDD #PrivateEquity #RealDeals

Thorsten Weber, Managing Director and Head of Sponsor Finance, DACH, discusses the findings of the latest edition of Houlihan Lokey’s MidCapMonitor with Börsen-Zeitung. The report shows a significant rebound in German sponsor-backed financing activity in Q2, an indication that both direct lenders and banks are effectively adjusting to current economic headwinds and increased interest rates, and a greater focus on dividend recaps and refinancings rather than add-on transactions. Read more here: https://lnkd.in/ggb2be-d

A helpful overview of the key issues to consider when providing new money as part of a broader restructuring. Please reach out with any questions. #Restructuring #Finance #NewMoney #EMEA