Andrew Hagan

Andy has extensive experience in US and international finance and capital markets transactions and advises issuers, sponsors, underwriters, investors and other parties on public and private high-yield issuances, private placements, financial restructurings and liability management transactions.

He has advised on issuance by companies in the agribusiness, automotive, banking, chemical, energy, financial services, foodservice, insurance, media, packaging, pharmaceutical, publishing, real estate, retail and telecommunications sectors across Europe, Africa, Australia and the United States.

Andy is listed as leading practitioner by Chambers UK and a “leading individual” by Legal 500, which comments that he is “a strong, reliable high yield bond expert” who clients praise as ‘‘the absolute go-to guy for our high-yield work. He is brilliant technically, very efficient and a pleasure to work with.” Andy has been consistently ranked as on one of the world’s leading lawyers for capital markets by Euromoney’s Expert Guides since 2016.

Representative experience:

• An ad hoc group of bondholders in relation to the comprehensive recapitalization of OHL
• Kantar, a Bain Capital portfolio company, in connection with its offering of €500 million senior secured notes and €800 million senior secured floating rate notes and the establishment of a new $500 million senior secured dollar term loan facility
• Ares, as PIK lender and minority shareholder, in connection with the financial restructuring of TalkTalk
• The initial purchasers in connection with the offering by Domestic & General, a CVC portfolio company, of £350 million senior secured notes and new senior credit facilities comprising (i) a euro-denominated senior secured term loan facility with aggregate principal amount of €545 million and (ii) a multi-currency senior secured revolving credit facility in an aggregate principal amount of £165 million
• Scandinavian Airlines in connection with the financing aspects of its global restructuring and chapter 11 reorganization and issuance of $725 million senior secured convertible notes
• AMC Entertainment Holdings, Inc. in a series of liability management refinancing transactions relating to $2.45 billion of debt, including the issuance of $1.2 billion of new secured term loans and $414 million of new exchangeable notes to retire $1.6 billion of debt, along with potential repurchases of up to $800 million of additional existing term loans in exchange for new term loans and the potential issuance by AMC of up to an additional $50 million of exchangeable notes in order to repurchase additional debt
• Howden in connection with its inaugural issuance of $1 billion senior secured notes and $500 million senior notes and the amendment and restatement of its existing credit agreement, including the establishment of a new $2.925 billion first-lien dollar term loan and a new €900 million first-lien euro term loan, along with the increase of its revolving credit facility to £630 million
• An ad hoc group of bondholders of China Aoyuan Holdings and its subsidiary Add Hero in connection with its $7 billion financial restructuring and issuance of $2.3 billion senior notes, $143 million convertible notes and $1.6 billion perpetual capital securities
• The anchor investor in connection with its financing of a $552.5 million loan to Pogust Goodhead, the largest litigation funding transaction worldwide to date
• The investors in connection with their purchase of €195 million senior secured notes issued by TeamSystem, a Hellman & Friedman portfolio company
• One Investment Management on its investment in privately placed senior secured convertible bonds issued by Yoda plc
• Advised the investors on a Rule 144A/Regulation S privately placed tap offering by Burger King France SAS of €45 million senior secured floating rate notes due 2026
• Hellman & Friedman and AutoScout24 in connection with the financing aspects of AutoScout24’s acquisition of a majority stake in digital wholesale platform AUTOproff
• Cinven in connection with the finance aspects of the acquisition of Ufinet
• Arxada, a portfolio company of Bain and Cinven, in connection with the private placement of senior unsecured notes in connection with Arxada’s combinations with Troy Corporation and Enviro Tech Chemical Services
• Getlink in connection with its offering of €150 million senior secured notes
• RAC, a portfolio company of CVC, GIC and Silver Lake, in connection with its offering of £345 million senior secured notes
• Cinven in connection with the financing aspects of its acquisition of Arcaplanet, and Arcaplanet’s issuance of €550 million senior secured notes
• Bain and Cinven in connection with the financing aspects of their bid for Lonza Specialty Ingredients and LSI’s issuance of $350 million sustainability-linked senior secured notes and €460 million sustainability-linked senior notes. This was the first sustainability-linked high-yield bond issuance for an acquisition in Europe
• London Stock Exchange Group in connection with its debut 144A multi-tranche offering of $4.5 billion senior notes
• Getlink in connection with its €700 million senior secured notes
• Vivo Energy in connection with its offering of $350 million senior notes
• Hellman & Friedman and its portfolio company AutoScout24 on the financing of the acquisition by AutoScout24 of Leasing Markt.de
• Bank of America, J.P. Morgan, SunTrust Robinson Humphrey and UBS in connection with Sally Beauty’s offering of $300 million senior secured second lien notes
• Hellman & Friedman in connection with the first and second lien facilities supporting its acquisition of AutoScout24
• Flutter Entertainment in connection with the financing aspects of its £11 billion merger with The Stars Group
• RCS & RDS in connection with its two-tranche offering of €850 million senior secured notes. This was the first international bond offering by a Romanian company
• Barclays, Goldman Sachs, J.P. Morgan and Lloyds in connection with Harley-Davidson’s offering of €600 million senior notes
• MHP in connection with its offering of $350 million senior notes
• The ad hoc group of holders of €320 million senior secured notes issued by IKKS in connection with its financial restructuring