CLOs

"Cadwalader has once again more than earned its tier one status in structured finance and securitization through its representation of blue-chip corporate and investment banking clients [in] matters [including] CLOs and CDOs." - IFLR 1000

Cadwalader has actively represented issuers, underwriters, and collateral managers in collateralized loan obligation ("CLO") transactions and related product types for over 12 years. We have extensive experience with both "cashflow" and synthetic total return structures. We also have a dominant market position in "CLO 3.0" activity helping shape the legal aspects of CLOs as the asset class emerges from the financial downturn. While such transactions are primarily backed by broadly syndicated bank loans (i.e., "leveraged loans"), we have also been involved with transactions backed by middle market loans, high-yield bonds, and interests in other CLOs.

Our attorneys have also represented underwriters, issuers, portfolio managers and other large financial institutions in connection with the workout of distressed CLOs and leveraged loan warehouse transactions, including both cash and synthetic structures. In connection with such workouts, we have conducted extensive negotiations with all affected parties, including trustees, rating agencies, investors, warehouse lenders and credit enhancement providers. We have represented clients in the establishment of funds or other vehicles to acquire such assets. In addition, Cadwalader has extensive experience in representing traders of distressed debt, including negotiation of trading done pursuant to the Loan Syndications and Trading Association, Inc.'s (LSTA) documentation, credit opportunity funds, and other structured funds. Cadwalader has advised on all aspects of workouts including analysis of default and enforcement provisions, amendments to deal documents and liquidations of collateral by both public and private sales under Article 9 of the Uniform Commercial Code.

Our CLO practice has recently been focusing on the latest innovations in the CLO 3.0 market, including structuring transactions (both European and US) to comply with the European risk retention requirements (Article 122a for credit institutions and equivalent rules for insurers, reinsurers, UCITS and alternative investment funds). Our London office has advised on most of the CLO 3.0 transactions in the European market, including the Cairn III CLO managed by Cairn Capital and the ALME Loan Funding 2013-1 transaction managed by Apollo Credit Management.

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28 Attorneys

Beach, Joseph W. Partner Charlotte
T. +1 704 348 5171
Bell, Suzanne Partner London
T. +44 (0) 20 7170 8549
Dublin
T. +353 (0) 1 2478050
Bernal, Elena Associate London
T. +44 (0) 20 7170 8772
Cannon, Robert Partner London
T. +44 (0) 20 7170 8735
Dublin
T. +353 (0) 1 2478050
Collins, Alexander Special Counsel London
T. +44 (0) 20 7170 8733
Damianova, Assia Special Counsel London
T. +44 (0) 20 7170 8564
Day, Stephen Partner London
T. +44 (0) 20 7170 8535
Gallagher, Emma Associate London
T. +44 (0) 20 7170 8649
Gingold, David S. Partner New York
T. +1 212 504 6386
Goldstein, Stuart N. Partner Charlotte
T. +1 704 348 5258
New York
T. +1 212 504 6316
Jubin, Gregg Partner Washington
T. +1 202 862 2485
Ko, Michelle Special Counsel New York
T. +1 212 504 5790
Lian, Cathy Associate Washington
T. +1 202 862 2235
Miller, Jed Partner New York
T. +1 212 504 6821
Nawaz, Sabah Special Counsel London
T. +44 (0) 20 7170 8583
Nelson-Williams, Cassandra Associate London
T. +44 (0) 20 7170 8543
Patel, Jinisha Associate London
T. +44 (0) 20 7170 8537
Puddicombe, Claire Suzanne Partner London
T. +44 (0) 20 7170 8533
Quirolo, David Partner London
T. +44 (0) 20 7170 8635
Dublin
T. +353 (0) 1 2478050
Rotblat, Y. Jeffrey Partner New York
T. +1 212 504 6401
Schetman, Richard M. Senior Counsel New York
T. +1 212 504 6906
Shearer, Kerry Associate London
T. +44 (0) 20 7170 8767
Shiren, Nick Partner London
T. +44 (0) 20 7170 8778
Silverstein, Gary T. Partner New York
T. +1 212 504 6858
Spanheimer, Nathan Partner Charlotte
T. +1 704 348 5195
Tobias, Daniel Partner London
T. +44 (0) 20 7170 8630
Weidner, Neil J. Partner New York
T. +1 212 504 6065
White, Hunter A. Associate Washington
T. +1 202 862 2269

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