Milbank LLP is pleased to announce that its Structured Credit team has once again been ranked as the #1 Manager counsel globally for CLOs, #1 Manager counsel in the United States for BSL CLOs and #1 Manager counsel in Europe for CLOs. The team dominated the league tables, coming in well ahead of the second-place team by volume and deal count for US BSL CLOs and global CLOs.
The publication’s league tables show that as of the first half of 2024, Milbank’s global team advised on 124 CLO issuances valued at over US$55 billion, capturing almost 23% of the market share for manager advisors alone. 9fin reports, “In the US BSL CLO market in particular, the focus was on repricings, as 63.7% of transactions took the form of a refinancing or reset, up from 50% in the first half of the year.”
In 2023, Creditflux league tables showed that Milbank’s global team advised on 85 CLO issuances valued at over US$35 billion, capturing 21% of the market share for manager advisors alone. This is in addition to Milbank’s significant representation of arrangers and anchor investors on CLOs.
Led by partner Sean M. Solis, Milbank's globally recognized Structured Credit practice includes Structured Credit partners Jared Axelrod and Brian Troxler in New York, and Claire Bridcut and James Warbey in London, along with a team of special counsel and associates across offices. Positioned at the forefront of structured finance since the inception of CLOs, Milbank’s global team represents market-leading collateral managers, arrangers, issuers, risk retention lenders, anchor investors and derivatives counterparties on a multitude of structured finance transactions involving a diverse array of asset classes, including broadly syndicated loans, middle market loans, aircraft finance loans, real estate loans, infrastructure loans, sovereign loans, private fund investments and consumer loans.
“On behalf of our entire structured credit team, we are ever grateful to have the opportunity to work with our global clients on the successful structuring and closing of the most innovative deals,” said Mr. Solis.
