Hogan Lovells Publications
"The Net Short": U.S. and European High-Yield Covenant Trends in Response to Net Short Activism Debt Capital Markets - Global Insights - Spring 2020
21 February 2020
Sylvain Dhennin
PartnerLondon
Email [email protected]hoganlovells.com
Phone +44 20 7296 5773
Fax +44 20 7296 2001
LanguagesEnglish, French, German
Practice groupCorporate & Finance
Sylvain Dhennin is a partner in the firm’s Corporate & Finance practice. Sylvain has a broad practice across corporate, capital markets and finance transactions. Sylvain advises private equity sponsors, funds, financial institutions and corporates on a wide range of transactions, including public and private debt and equity securities offerings, acquisitions, disposals, capital raisings, leveraged finance transactions, High Yield bond offerings, Term Loan B and restructurings across Europe.
Sylvain is ranked as one of the leading practitioners in his field by several leading directories, including Legal500 and IFLR. According to Legal500, clients recognize Sylvain for his "long and rich experience and deep knowledge, yet still a humble and down-to-earth approach" and describe his practice as "dedicated, well-staffed, business-oriented and very responsive". Sylvain also heads Hogan Lovells' High Yield practice in Europe.
Awards and recognitions
The Legal 500 - High yield
Education and admissions
Education
Law Degree, Oxford University
Law Degree, Paris II Pantheon-Assas
LL.M., New York University School of Law
Bar admissions and qualifications
New York
Court admissions
New York
Representative experience
Sun Capital Partners on a number of acquisitions, investments and related financings.
DBAY on the public takeover of Telit Communications Plc and its related financing
Noteholders and distressed funds on several High Yield bond restructurings in Europe, including in France, Switzerland, Croatia and Ukraine.
CACIB, Barclays, HSBC, SG, Natixis, BBVA and Wells Fargo on one of the first European sustainability-linked HY bonds offering in Europe by Rexel.
Radisson on its debut rule 144A/Regulation S debut offering of €250 million 6.875% senior secured notes and revolving credit facility. The initial purchaser was J.P. Morgan.
Swissport on a refinancing including €410 million senior secured notes, €250 million senior notes, €850 million TLB facility, €75.0 million RCF and €50.0 million delayed draw loan facility.
A private equity fund and one of its portfolio companies on a PIK loan note to prepay PIK coupons under its outstanding PIK notes.
Latest thinking and events
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