Capabilities

Private Credit & Special Situations Investing

Helping clients move the market and maximize value.

Our Private Credit & Special Situations Investing group consists of over 100 finance and restructuring attorneys with deep experience representing private credit and debt funds, BDCs, special situations, opportunistic, distressed and dislocation funds, fulcrum lenders, equity-holders, hedge funds, CLOS and financial institutions through varied market cycles. We are one team delivering thoughtful solutions and essential information to clients at every stage of the lifecycle of a private credit investment. We empower our clients in the market by driving peer-to-peer engagement and discourse.

We are commercial, innovative and solution oriented. Partnering with our clients, we always take a forward-looking approach to market terms, monitoring industry trends to identify opportunities and anticipate rather than react. We offer clients our market insights and knowledge based on our multidisciplinary expertise, proprietary database, and strong industry relationships.

Leveraged Finance & High Yield
We leverage our knowledge and experience to provide credit funds and non-bank lenders with comprehensive, solutions-focused service with respect to their investment opportunities, including:

  • direct lending (first lien secured loans, unitranche products, and ABL/FILO tranches and unsecured loans)
  • junior capital (second lien and mezzanine loans/notes, private high-yield placements, holdco pik loans/notes, or preferred or convertible equity investments)
  • credit opportunities and special situation financings
  • bespoke products that satisfy credit fund sensitivities
  • new money primary issuance, including custom indenture products
  • loans, high yield and investment grade bonds
  • CLO investing
  • stressed / distressed debt
  • refinancings and dividend recapitalizations
  • venture debt

Distressed and Opportunistic Representations
We structure and implement innovative and value-accretive restructuring solutions across a broad spectrum of transactions. From initial group formation stage through transaction completion, we are involved in every aspect of formulating, negotiating, and effectuating a restructuring. We represent lenders and lender groups in in-court and out-of-court financial and operational restructurings and work-outs, including:

  • balance sheet refinancings and/or providing capital solutions to stressed credits (including structured debt-equity investing, equity co-investments, and preferred stock)
  • exit and rescue financings
  • representing the interests of the equitized lenders as company counsel post-restructuring
  • 363 sale and plan sponsor transactions

Range of Disciplines
Leveraging a diversity of experience among top tier finance, restructuring, capital markets, private equity and regulatory lawyers, we advise clients on each of the key components needed for any credit representation. We provide a seamless delivery of multidisciplinary services across practice areas, including Real Estate, Private Equity, Capital Markets, Mergers & Acquisitions, Healthcare, Energy, and Litigation teams to provide experienced counsel to our clients across all public and private sectors.

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Related Lawyers

Private Credit & Special Situations Investing Thought Leadership Hub

This thought leadership hub provides case studies about noteworthy transactions and trends, practice pointers for understanding common provisions in credit documents, and guidance on how to think about questions often confronted by lenders.

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Private Credit & Special Situations Investing Hub Mobile App

Check out our mobile app, called The Hub, for interactive surveys and exclusive content about the private credit and special situations investing market.

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Ranked in Commercial Lending


Legal 500 2019

Received U.S. Nationwide Ranking in Banking & Finance


Chambers USA 2019

Tier 1 for Banking & Finance in "Best Law Firms"


U.S. News & World Report 2018

Lawyer Received "Up & Coming" Recognition


Chambers UK 2016

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Recognition

Ranked in Commercial Lending


Legal 500 2019

Received U.S. Nationwide Ranking in Banking & Finance


Chambers USA 2019

Tier 1 for Banking & Finance in "Best Law Firms"


U.S. News & World Report 2018

Lawyer Received "Up & Coming" Recognition


Chambers UK 2016

News

In the News · Source: Bloomberg Law and Refinitiv

February 4, 2021
K&S launches mobile app to help lenders navigate the private credit market

In the News · Source: ACA Insight

January 10, 2018
Jennifer Daly comments on holiday gift policy compliance

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