Welcome to the February edition of the Addleshaw Goddard Corporate Borrower Update.
It has been a busy start to the year, with lots of activity in our corporate banking team.
We announced in Q4 of 2016 our combination with Scottish firm HBJ Gateley. This combination, which we anticipate will take effect in Q2 of 2017, will enable us to field a larger and more flexible team and provide a seamless service to clients and advisors on deals which involve a Scottish element. We also look forward to working much more closely with corporate borrowers headquartered in Scotland in the future.
The last 12 months have brought a number of major geopolitical events, notably the Brexit referendum in June 2016 and the US presidential election in November 2016. Both of those events served as a reminder of the impact which political events can have on the financial markets and, more broadly, the economy. With that in mind, we take a look at hedging strategies from page 1 onwards.
The Loan Market Association recently published changes to its form of facilities agreement for leveraged finance transactions . A number of these changes will be of particular interest to borrower clients. For that reason, we take a closer look at the changes from page 4 onwards.
We do hope these articles are of interest – do not hesitate to contact any of the team if you would like to discuss (see page 7 onwards) or there are topics which you'd like us to tackle in future editions.