Anthony Kay
Partner
London
Anthony has a wealth of experience in complex cross-border finance matters and is well regarded in the market.
He acts for sponsors and their portfolio companies, borrowers and credit funds, banks, direct and alternative lenders and other financial institutions on financing matters generally but with a particular focus on acquisition, leveraged and private equity finance (including in respect of real estate), direct lending and general corporate financings.
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Acquisition, leveraged and private equity finance
- Acted for Deutsche Bank, Citigroup Global Markets, Natixis and Nomura as bookrunners and mandated lead arrangers in respect of CVC’s “public-to-private” acquisition of April SA., financed by way of €550,000,000 term loan B facilities and a €100,000,000 revolving credit facility
- Acted for Cinven, Permira and Mid-Europa Partners in respect of their acquisition of the Allegro Group, financed by way of a PLN1,050,000,000 term loan A facility, a PLN2,450,000,000 term loan B facility, a PLN340,000,000 revolving credit facility and a PLN1,300,000,000 second-lien facility
- Acted for Permira in respect of its acquisition of the Lowell Group, financed by way of a £555,000,000 senior secured bridge, a £240,000,000 senior bridge (such bridges refinanced by way of £565,000,000 senior secured notes and £230,000,000 senior notes) and a €200,000,000 super senior revolving credit facility, and its combination with GFKL Financial Services
- Acted for PAI Partners and British Columbia Investment Management Corporation in respect of their public-to-private acquisition of Refresco Group N.V, financed by way of a €445,000,000 senior bridge (with the bridge refinanced by way of €445,000,000 senior notes), a €1,217,000,000 term loan B facility, a £200,000,000 term loan B facility, a US$620,000,000 term loan B facility and a €200,000,000 revolving credit facility
- Acted for Permira in respect of its acquisition of the GFKL Financial Services Group financed by way of €365,000,000 senior secured notes (backed by an equivalent bridge) and a €60,000,000 super senior revolving credit facility
- Acted for Onex Corporation in respect of its €3.75 billion acquisition of SIG Combibloc financed by way of €675,000,000 senior notes (backed by an equivalent bridge), a US$1,225,000,000 term facility, a €1,050,000,000 term facility and a €300,000,000 revolving credit facility
Direct Lending
- Acted for CPPIB Credit Investments as sole original lender in respect of a €80 million Holdco PIK facility
- Acted for KKR Credit as sole original lender in respect of a €350 million Holdco PIK facility
- Acted for BlackRock as sole original lender in respect of a $235 million term loan facility
- Acted for BlackRock as sole lender in respect of a $165 million term loan facility
- Acted for HPS Investment Partners as sole original lender in respect of a €120 million term and acquisition facility financing a sponsor led acquisition and related bolt-on acquisitions
- Acted for HPS Investment Partners as sole original lender in respect of a €100 million term and acquisition facility refinancing existing group indebtedness and subsequent bolt-on acquisitions
- Acted for HPS Investment Partners as sole lead arranger and bookrunner in respect of a $360 million term facility and a $40 million revolving facility
General Corporate financings
- Acted for the Ardonagh Group in respect of its refinancing and related group combination, reorganisation and acquisitions, financed by way of £400,000,000 senior secured notes, US$520,000,000 senior secured notes and a £90,000,000 super senior revolving credit facility (and related senior secured note taps/additional issuances and SSRCF upsizes)
- Acted for Macquarie Corporate Holdings and Nomura as mandated lead arrangers in respect of the refinancing of the JPJ Group by way of a £250 million term loan B facility, a €140 million term loan B facility and a £13.5 million revolving credit facility (and the subsequent £175,000,000 incremental term loan B facility)
- Acted for HSBC and Credit Suisse as bookrunners and mandated lead arrangers and the other mandated lead arrangers in respect of the post-initial public offering refinancing of Ceva Logistics by way of a US$475,000,000 term loan B facility, a US$584,500,000 revolving credit facility and €300,000,000 senior secured notes (and also acted for the bookrunners and mandated lead arrangers in respect of the subsequent ‘change of control’ financing related to CMA CGM’s acquisition of Ceva Logistics)
Please note: Anthony's experience includes that prior to joining Orrick
