Kaye Scholer

Mr. Tan acts for banks, private equity funds and other financial institutions in relation to general banking and leveraged finance transactions originated in the U.K. and Europe. In addition, he also advises them on structured products and related derivative transactions, including bespoke credit derivative transactions. Recently, Mr. Tan has advised senior steering committees, facility agents and security trustees in relation to the financial restructuring of LBO capital structures in the EU and Eastern Europe.

Representative Matters

• Representation of a private equity sponsor in relation to the debt facilities utilized in the acquisition of a privatized French utility company including an accordion feature for permitted acquisitions used to fund the bolt on acquisition by such utility company of its Germany rival.
  
  
• Representation of the senior facility agent, senior coordinating committee and senior lenders in relation to the proposed financial restructuring of c.€1 billion LBO facilities provided to a highly levered Hungarian industrial group.
  
  
• Representation of various debt trading funds and financial institutions providing ongoing transactional advice in relation to various derivatives, ABS, LMA (distressed and par) and other debt investments and trades.
  
  
• Representation of a monoline insurance company and a consortium of English insurers and a Bermudan risk carrier in relation to the synthetic financing of junior loan notes secured against a portfolio of US$500 million project loans from an investment fund by means of the use of credit default swaps and credit indemnity agreements, and managed through voting and escrow arrangements.
  
  
• Representation of an insurance company in relation to a series of transformer transactions relating to the provision of financial guarantees covering credit default swaps and other synthetic funding or funded instruments in relation to, among others:
  
  
  • the first 50% loss on a portion of Class B Floating Rate Notes secured against a pool of German private equity investments; and
    
    
  • the first 2% loss on 2 synthetic portfolios of senior debt instruments issued by AAA rated financial institutions with an aggregate value of €4.2 billion.

Information

Kaye Scholer LLP - London Office Terms of Business