Cleary Gottlieb is at the forefront of the high-yield market at every stage of its development in the U.S., Europe, and emerging markets, and our lawyers are repeatedly recognized for their leading work in the field.

We are a go-to firm for corporates, sovereigns, and debut issuers because we have developed so many of the techniques that routinely drive capital-raising transactions. For example, a member of our team wrote Documentation for High Yield Debt in 2001, which continues to serve as the industry standard treatise on high-yield.

Notable Experience

  • CMA CGM S.A. in €1.4 billion of Reg S/Rule 144A high-yield notes offerings.

  • Endurance International Group in a high-yield bond issuance in connection with its acquisition of Constant Contact.

  • The Hellenic Republic in its €3 billion high-yield debt offering, marking Greece’s return to the international capital markets for the first time since 2014.

  • Kindred Healthcare in over $1 billion of high-yield debt offerings.

  • La Financière ATALIAN S.A.S. in its €350 million notes offering, £225 million notes offering, and related €594 million bridge-to-bond facility, as well as its acquisition of Servest Limited.

  • Loxam S.A. in its €850 million high-yield bond take-out for its contested bid for Lavendon plc.

  • The Republic of Argentina in its century bond, the first deal of this kind for any non-investment grade issuer.

  • The Republic of Iraq in its $1 billion high-yield notes offering.

  • The underwriters in $1.35 billion of high-yield senior notes offerings by Puma Energy Holdings Pte. Ltd.

  • Vallourec S.A. in its Reg. S/Rule 144A €400 million high-yield notes offering.

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