Cadwalader Advises on Award-Winning CLO 2.0 Transaction

February 27, 2014

Cadwalader, Wickersham & Taft LLP, a leading counselor to global corporations and financial institutions, announced that firm client Natixis received the  “European CLO Deal of the Year” award in recognition of the HayFin Ruby II CLO, a transaction on which Cadwalader’s Capital Markets Group advised. The award was presented at the Information Management Network’s 1st Annual Investors’ Conference on European CLOS and Leveraged Loans.

Managed by Haymarket Financial, HayFin Ruby II CLO is the first multicurrency risk retention compliant European CLO 2.0. The Cadwalader team, which advised Natixis on the structuring and documenting, was led by partner Nick Shiren, and included partners Adam Blakemore, David Miller, Jamie Frazier and Shlomo Boehm, and associate Rob Cannon.

“It’s a pleasure to work with clients like Natixis, forward-thinking organizations that embrace innovation,” said Michael Gambro, co-chair of Cadwalader's Capital Markets Group. “Nick and his team are building a great reputation with their work in the CLO 2.0 market.”

Cadwalader’s Captial Markets Practice is recognized as a top-tier provider of legal services in the global CLO market. To date, the team has assisted clients in closing over 200 CLO transactions, including advising on five European CLO 2.0 transactions valued at over  €1.5 billion. Cadwalader routinely advise arrangers, collateral managers, trustees, rating agencies and others on a variety of CLO transactions with a broad range of asset types, including leveraged loans, commercial real estate assets, high yield bonds, investment grade bonds, middle-market loans, distressed debt, emerging market obligations, asset-backed securities, mortgage related assets, hedge fund interests, synthetic securities and credit default swaps.

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