Covington has a sophisticated finance practice active in public and private credit markets.
We advise all of the principal market participants with regard to their debt financings needs. Our clients include investment grade and high-yield borrowers, private equity firms and their portfolio companies, direct lenders, banks, and other financial institutions. We are active in the syndicated and private credit markets and have leading practices in a number of industries.
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 and Royalty Monetizations
We represent a number of the leading life sciences lenders, along with biotech and healthcare companies looking to access capital in this market. Our life sciences experience encompasses financings for venture, growth oriented, and established biotech and healthcare companies.
We also have a leading practice in the highly specialized field of pharmaceutical royalty monetizations, a market we have been involved in since its conception. We regularly represent 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.
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