Mae Morter

Partner

London

Mae is a partner in the Banking & Finance team focused on advising credit funds, banks, sponsors and their portfolio companies, direct lenders and other alternative lenders in European and cross-border leveraged finance transactions.

She has a wealth of experience in complex debt products, including in leveraged finance, direct lending, corporate lending, acquisition finance, high-yield bonds, A&Es, refinancings and restructurings at all levels of the capital structure (including unitranche facilities, senior facilities, second liens, mezzanine debt, holdco PIK and convertible loan notes).

Mae is well versed in cross-border transactions and has been immersed in the European lending market for 15 years. Her prior experience includes an 18-month posting to Paris and in-house secondments at BNP Paribas, Goldman Sachs and Oaktree Capital.

  • Some of Mae’s significant recent engagements include representing:

    Direct Lending / Alternative Lending and Syndicated Lending experience

    • CVC Credit and HPS Partners in connection with Cinven’s bid of a UK technology company
    • MLAs (JPM, BNPP, Citigroup, Natixis, RBI, RBC and Unicredit) on One Rock Capital’s bid of Constantia Flexibles Holdings GmbH
    • MLAs (Goldman Sachs, BAML and Morgan Stanley amongst others) in connection with Hellman & Friedman’s refinancings of Verisure (formely know as Securitas Direct) €800 million revolving credit facility alongside €200 million floating rate SSNs, EUR500m 3.5% SSNs, existing €1,492 million TLB and €1.080m and SEK1,650 million Senior Notes
    • BNP Paribas and Northwestern Mutual on its PIK investment in the Ethypharm group
    • MLAs (Goldman Sachs, Deutsche Bank, Natixis, Societe Generale amongst others) on PAI’s bid for the bolt on acquisition of SARquaviate Servicios a la Dependencia by Domus VI.
    • MLAs (Goldman Sachs and Unicredit) on Hellman & Friedman’s bid and acquisition of TeamSystem S.p.A.
    • MLAs (Morgan Stanley and Unicredit amongst others) on CVC’s €645 million bid and acquisition of the Tipico group
    • Public Sector Pension Investment Board on its $109 million PIK investment in Keter Plastic
    • Bain and Advent International on the financing of their €393million bid and acquisition of Concardis GmbH

    Restructuring experience

    • Guggenheim and Bridgepoint on ongoing restructuring/liquidity matters with respect to one of their portfolio companies
    • Floatel International AB in connection with the restructuring of its debt by way of a USD100m revolving credit facility (GIC), PIK bonds and cash pay bonds
    • AMC Entertainment Holdings (Odeon cinema chain), Inc in connection with the restructuring and refinancing of its existing debt with a GBP400m 1L term loan PIK toggle facility
    • Paragon Offshore plc’s Chapter 11 restructuring in connection with the release of 2 Vanuatu-registered rigs from SinoEnergy Capital Management Ltd
    • Brookfield in connection with Westinghouse’s Chapter 11 restructuring

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