Legal Business

Deal watch: Corporate activity in June 2015

US CITY TEAMS TAKE LEAD ROLES ON GHG’S £1.5BN DEBT RESTRUCTURING

General Healthcare Group (GHG)’s £1.5bn debt restructuring, involving two commercial mortgage-backed securitisations (CMBSs), saw Paul Hastings’ London office win a role advising Capita Asset Services, which acted on behalf of the senior lenders. Milbank, Tweed, Hadley & McCloy represented the junior lenders, while Weil, Gotshal & Manges acted for Barclays, which had roles both in the CMBSs and as counter-party to an interest rate swap. Sidley Austin and Clifford Chance acted for other swap counter-parties, while Simmons & Simmons acted for GHG.