Since the firm’s founding in New York in 1919, Cahill Gordon & Reindel has added offices in Washington DC and London.
Focusses / specialisms
The firm is a market leader in high yield debt and banking. It In addition to Cahill’s top tier banking and high yield debt practices, it has outstanding investment grade debt and equity capital markets teams. The firm’s New York office has one of the best capital markets teams in the region.
In the banking practice the team represents lenders in various types of credit facility and loan agreements to support acquisition financing, refinancing and other general corporate financing.
In debt capital markets the team represents initial purchasers and underwriters in investment grade and high yield bond issuances.
The equity capital markets team represents administrative agents and underwriters in common, preferred and secondary share offerings.
The M&A team represents strategic buyers and sellers in acquisitions, joint ventures, spin offs and company formations.
The restructuring and insolvency team, led by partners Joel Levitin and Richard Stieglitz Jr, represent creditors, administrative agents and debtors in out of court financial restructurings and Chapter 11 bankruptcy and restructuring cases.
Key clients
Key clients for the firm include Citibank, BNP Paribas, JP Morgan Securities, Morgan Stanley, Wells Fargo Securities, Gaming & Leisure Properties, BMO Capital Markets, Deutsche Bank, Credit Suisse, Jefferies, Envigo International Holdings, ICON, S&P Global, Falcon Investment Advisors, 1-800-Flowers and Kawa Capital Management.
Research period review: 30th edition (2019/2020)
In the most recent research period the banking team represented lead arrangers in lending transactions. Most of the financing was related to general corporate financing, acquisition financing or refinancing of credit facilities and term loans.
The capital markets team on both the debt and equity sided advised largely underwriters in investment grade bond issuances, high yield bond issuances and common share offerings. The equity capital markets team also advised on a lot of at-the-market equity programs.
The M&A team acted mostly on the buy side of strategic acquisitions. It also assisted in joint ventures, spin offs and company formations.
The restructuring and insolvency team represented mostly creditors and administrative and collateral agents in Chapter 11 and out of court financial restructurings.
Deal highlights: 30th edition (2019/2020)
AMC Entertainment $2 billion term loan B credit facility and $225 million revolving credit facility
Equinix Nasdaq primary common stock offering
Fox $6.8 billion quintuple tranche 3.666%, 4.03%, 4.709%, 5.476% and 5.576% bond issuance
Frontier Communications $1.65 billion 8% first lien secured bond offering
iHeart Media Chapter 11 bankruptcy
S&P Global acquisition of 451 Research
Client feedback: 30th edition (2019/2020)
Financial services regulatory
“Honesty.”
M&A
“Managed internal and external stakeholders well including a very difficult counterparty.”
