Media Mention
Borrowers manipulating EBITDA to avoid covenant breaches IFLR
23 November 2018
Paul Mullen was quoted in an IFLR article entitled "Borrowers manipulating EBITDA to avoid covenant breaches".
Representative experience
HNA Group on its circa €1.5bn debt and equity financing relating to its acquisition of Swissport.
Regal Cinemas Corporation on the US$1.05bn refinancing of its existing revolving credit and term loan facilities.
Advising Intermediate Capital Group on the first ever Australian dollar denominated and Australian law governed Term Loan B facility for Iron Mountain's acquisition of Recall Australia.
Advising the senior lender group on the financing for the acquisition of the Abbey Life insurance business by Phoenix Group.
Publications
The evolving fiction of EBITDA in the European leveraged finance loans market Lev Fin Spin
22 November 2018
EBITDA first rose to prominence in the US leveraged buy-out craze of the 1980s and has since formed the key metric of leveraged finance transactions across the world. In this article,...
Hogan Lovells Publications
Direct lending in Italy – moving into the mainstream? Lev Fin Spin
05 November 2018
Until recently, it was necessary to hold a licence as a bank or financial intermediary to lend in Italy. However the law has changed to allow insurers, alternative investment funds, SACE...
Hogan Lovells Publications
Private credit: the rise of direct lenders and alternative funding structures Lev Fin Spin
10 October 2018
On 12 September, Hogan Lovells hosted the FIS Summit Series in Hong Kong, where attendees explored the state of financial markets ten years after the Lehman Brothers' collapse. One of the...
Publications
Alternative lenders in France: current issues and opportunities Lev Fin Spin
08 October 2018
In a recent webinar for the Loan Market Association Michel Quéré, Alexander Premont and Baptiste Gelpi discussed the current issues and opportunities for non-bank lenders in...
Published Works
Key documentation issues in the European leveraged finance mid-market Lev Fin Spin
27 September 2018
First published in LexisPSL Banking and Finance Mini-Mag: Autumn 2018 as distributed at the Loan Market Association Conference 2018
