MCGUIREWOODS LLP: McGuireWoods Ranks Second in Advising Lenders in Q1 Syndicated Loans

By Press release submission | Jun 4, 2019

McGuireWoods LLP issued the following announcement on May 28.

McGuireWoods ranked No. 2 in deal count and No. 4 in proceeds for advising lenders in global and U.S. syndicated loans during the first three months of 2019. The firm also ranked No. 5 in deal count for advising borrowers in U.S. transactions, according to league tables published by Refinitiv, formerly the financial and risk business of Thomson Reuters.

In the first quarter, McGuireWoods advised lenders on 34 global deals valued at $28.8 billion and 27 U.S. deals valued at $23.8 billion. For eight consecutive years, McGuireWoods has ranked among the top 10 U.S. law firms for deal count and dollar volume in the league tables for its representation of lenders in syndicated debt financings.

The firm now ranks among the leaders for advising borrowers, as well, after closing eight deals worth $3.4 billion in the first quarter. That performance ranked the firm No. 5 in the U.S. and No. 7 globally for deal count, and No. 9 in the U.S. and No. 16 globally for proceeds.

Significant transactions for lending clients included advising Wells Fargo as administrative agent in connection with an $800 million amended credit facility for Cambrex Corporation. Notable deals for borrower clients included representing Teledyne Technologies in amending a $750 million revolving credit facility.

“These rankings capture the full range of syndicated lending capabilities that McGuireWoods delivers for clients on the lending and borrowing sides,” said Raj Natarajan, chair of the firm’s Debt Finance Department. “We look forward to building on this strong performance throughout the year.”

McGuireWoods’ finance practice is one of the largest in the United States. The firm represents each of the top 10 U.S. banks ranked by assets and has handled domestic and cross-border commitments exceeding $100 billion in each of the past eight years.

McGuireWoods was named 2019’s “Law Firm of the Year” for banking and finance law in U.S. News-Best Lawyers’ “Best Law Firms.” In addition, Law360 named the firm a “Banking Practice Group of the Year” for advising national banks in multibillion-dollar financings and deals, winning high-stakes appeals and representing financial institutions in other matters.

Original source can be found here.

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