Finance

Syndicated Finance and Private Credit

Covington’s finance lawyers regularly advise borrowers and lenders in syndicated and direct lending matters. We are experts in a wide variety of financing structures, including leveraged and acquisition financings, secured, unsecured, and mezzanine financings, asset-based loans, lease, structured, and project financings, derivative financial products, syndicated bank lending transactions, restructurings, and debtor-in-possession and exit financings.

Life Sciences Finance

Direct Lending

We represent a number of the leading life sciences direct lending funds, along with biotech and healthcare companies looking to access capital in this market. Our extensive market knowledge, coupled with our uniquely deep FDA and healthcare regulatory, intellectual property, and pharmaceutical licensing expertise, set us apart from others. Our direct lending experience encompasses financings for venture, growth-oriented and established biotech and healthcare companies.

Royalty Monetization Transactions

We have been involved in the royalty monetization market since the inception of this market and regularly represent all of the principal participants in these transactions on both the buy and sell side, including financial investors, biotech and life sciences companies, individual inventors, and universities and non-profits.

Project Development and Finance

We advise developers, sponsors, equity investors, and bank groups in all aspects of project development and project finance. We represent financial institutions lending to, and corporate sponsors and developers of, equity investors in a variety of infrastructure projects, including the project financing of power plants and stadiums. We also advise clients through all stages of project development, including planning, acquisition, construction, financing and refinancing, and operations.

Structured Finance

Covington’s finance lawyers advise institutional investors, lenders, borrowers, and other parties in structuring, executing, and managing complex structured finance transactions and investment products. We handle transactions involving a diverse range of asset classes and deal structures, and our lawyers have extensive experience with the financial derivatives used in connection with structured products, including interest rate and currency swaps, total return swaps, credit default swaps, and equity derivatives.

Leading Industry and Regulatory Expertise

Our finance practice benefits from the firm’s leading industry and regulatory expertise in areas such as communications, energy, financial institutions, life sciences, sports, technology, and transportation, as well as the firm’s capabilities in creditors’ rights, bankruptcy law, antitrust, environmental regulation, ERISA, real estate, and tax.