Banking and Finance 2025

INTRODUCTION

Contributed by: Maura O’Sullivan, Michael Chernick, Caroline Chapman and John Chua, A&O Shearman

A&O Shearman is a global law firm with nearly 4,000 lawyers and specialists worldwide. A&O Shearman has one of the largest and most international teams of banking and finance lawyers of any global law firm and one of the leading debt finance practices in the world, known for ground-breaking deals and struc- tures that eventually become market standards. The firm provides clients, including major banks, private credit funds and financial sponsors with a full-service offering for a broad range of debt finance products for syndicated and private credit transactions, includ-

ing senior, second-lien and asset-based credit facili- ties, mezzanine and holdco debt, recurring revenue financings, bridge and bank/bond financings, high- yield bond offerings, securitisation take-outs, debtor- in-possession and exit financings and restructurings. A&O Shearman’s global team spans major financial centres including New York, London, Paris, Amster- dam, Frankfurt, Milan, Madrid, Luxembourg, Singa- pore, Hong Kong, and Sydney, creating a cross-bor- der network to support its clients’ success.

Contributing Editor

Co-authors

Maura O’Sullivan is a partner in the debt finance practice at A&O Shearman. She focuses on acquisition financings, leveraged lending, restructurings, debtor-in- possession financings and asset-

Michael Chernick is a partner in the debt finance practice at A&O Shearman. Michael has over 30 years of experience in the US leveraged finance market, representing leading investment and commercial banks,

based finance. Maura has extensive experience representing financial institutions and direct lenders in structuring and executing acquisition financings, leveraged lending, and first- and second-lien structures. She also has significant expertise in restructuring transactions, debtor-in-possession financings and asset-based finance. Maura has also worked extensively in cross-border financings (including in connection with cross-border acquisitions).

alternative capital providers and other financial institutions in bank financing and debt capital markets transactions. He has extensive experience in public and private leveraged and investment- grade acquisition finance (including bridge financings), refinancings and recapitalisations, second-lien and asset-based lending. Michael also advises on securities, capital markets, bank finance, and corporate transactions, representing corporations and financial institutions in bank financings, public and private offerings and high- yield debt offerings.

Caroline Chapman is a knowledge counsel in the debt finance practice in A&O Shearman’s London office. Caroline focuses on a broad range of legal and market issues, with a particular focus on leveraged finance

transactions in the European market, including those with a high-yield element, and unitranche financings. She also delivers and manages training on a range of technical banking topics to clients and lawyers within A&O Shearman.

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