Ashurst finance partner Michael Smith is advising Merrill Lynch as arranger of a collateralised loan obligation with a total value of £659.5m secured by a portfolio of secured and unsecured loans. A Clifford Chance team led by banking partner Rachel Kelly advised originator bank Muzuho Corporate Bank and Allen & Overy capital markets partner Morgan Krone advised Deutsche Bank as trustee. A&L Goodbody banking senior associate Peter Walker advised the Harvest as issuer.
Shearman & Sterling capital markets partner Ward McKimm has advised underwriter Citigroup on a high-yield bond from German company VAC Holding. The €135m (£92m) offering refinanced the acquisition in December of VAC by One Equity Partners, which was advised on the bond by Baker & McKenzie London securities partner Tom Philipp.
