GLOBAL SYNDICATED LOANS REVIEW LEGAL ADVISORS REUTERS / Neil Hall Full Year
FULL YEAR LEGAL ADVISORS Global Syndicated Loans Legal Advisor Review Global Syndicated Lending Totals US$. Trillion, down % I US Loans Accounts for % of Activity I Japanese Lending Flat Global Deals Intelligence Global Industry Breakdown GLOBAL SYNDICATED LENDING FALLS % FROM Global syndicated lending during the full year of reached US$. trillion, a.% decrease compared to. Moreover, lending activity during the quarter saw a.% decrease from the previous quarter. During,, transactions closed; a decrease of.% compared to. % % % % Energy and Power Industrials US LENDING ACCOUNTS FOR % OF ACTIVITY Americas loans accounted for % of global loan volume during, as the lending in the region slightly decreased by.% from last year. In the Americas, loan volume in the totaled US$ trillion, down.% compared to last year, representing.% of global volumes. EMEA accounted for.% of global volumes as lending increased by % compared to. Both Asia Pacific and Japanese fundraising saw a yearover-year decrease of 9.% and.%, respectively. ENERGY & POWER, FINANCIALS AND INDUSTRIALS LEAD LENDING Borrowing in the Energy and Power sector totaled US$. billion during, accounting for.% of global loan activity. ty Energy egy & Power, cas and Industrials s together e accounted for.% of syndicated loan volume during. The top deal is the Belgian Anheuser-Busch Inbev US$ billion loan, in the Consumer Staples sector, followed by the Israeli deal - Teva Pharmaceutical Industries of US$. billion. % % % % % % % % Materials Consumer Staples Real Estate High Technology Consumer Products and Services Media and Entertainment Telecommunications Government and Agencies Global Syndicated Loans Volume Proceeds (US$b), Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) Q Volume (US$b),,,, Top Global Deals Borrower Package Amt Sector Syndication // Belgium Anheuser-Busch Inbev,. Consumer Staples /9/ Israel Teva Pharmaceutical Industries,. // Charter Communications Inc,. Media and Entertainment // Anthem P&C Holdings, Inc,. // Germany Volkswagen AG,. Industrials /9/ AbbVie Inc,. // Wal-Mart Stores Inc,9. // // Switzerland Dell International LLC Glencore PLC,.,. High Technology Materials // Netherlands Royal Dutch Shell PLC,. Energy and Power // Toyota Motor Credit Corp,. // Toyota Motor Credit Corp,. // Toyota Motor Credit Corp,. // Depository Trust Co,. // GE Antares Capital,9. // // Ford Motor Co CVS Health Corp,.,. Industrials // Aetna Inc,. // Walgreens Boots Alliance Inc,. // Molson Coors Brewing Co,. Consumer Staples 9
US Proceeds Reach US$ Trillion l and Financial Services Industries Lead Market Full Year Syndicated Loans Legal Advisors US Legal Advisor Review US Borrower Legal Advisor US Industry Breakdown Market # of Market Borrower Advisor Rank Proceeds Sh % Rank Deals Sh % Kirkland & Ellis,... Simpson Thacher & Bartlett,... Davis Polk & Wardwell,999.. 9. Skadden Arps Slate Meagher & Flom,9.. 9.,.. 9. Ropes & Gray,9... Weil Gotshal & Manges,... Sidley Austin,... White & Case 9,... Sullivan & Cromwell,... Top Ten Total,..,99,9.., % % % % % % % % Financial Services Oil and Gas Utilities General Manufacturing Technology US Lender Legal Advisor Market Lender Advisor Rank Proceeds Sh % Shearman & Sterling,.9 9. Simpson Thacher & Bartlett,.. Cahill Gordon & Reindel,.. Davis Polk & Wardwell,.. Cravath Swaine & Moore,9.. McGuireWoods,.. 9,..9 Moore & Van Allen,9.. Haynes & Boone 9,.. Sidley Austin,.9. Top Ten Total,,9..,99,9.. # of Market Rank Deals Sh % 9... 9......., % % % % % % % REITS Beverage, Food, and Tobacco Processing Chemicals, Plastics & Rubber Media Automotive Wholesale Other Services Top Americas Deals Package Amt Syndication Borrower // // Charter Communications Inc Anthem P&C Holdings, Inc,.,. /9/ AbbVie Inc,. // Wal-Mart Stores Inc,9. // Dell International LLC,. // Toyota Motor Credit Corp,. // Toyota Motor Credit Corp,. // Toyota Motor Credit Corp,. // Depository Trust Co,. // GE Antares Capital,9. Sector Media and Entertainment High Technology Source: Thomson Reuters LPC Thomson Reuters LPC. The attached content, including, but not limited to, text, data, reports, and other opinions, images, photos, graphics, graphs, and charts (the Content ), may not be redistributed or copied. The Content is the property of Thomson Reuters LPC, and is protected by copyright and other intellectual property laws. Contact Thomson Reuters LPC at () --9 (New York) or () - - (London) for additional information.
Full Year Syndicated Loans Legal Advisors Europe, Middle East & Africa Legal Advisor Review EMEA Lending Reaches US$. Triillion, up.% l, Deals d LLa EMEA Borrower Legal Advisor LLb EMEA Lenders Legal Advisor Borrower Advisor Rank Rank Proceeds Share % Share Ch. Rank Deals Share % # of Deals Clifford Chance,.... -9 Sullivan & Cromwell - 9,... *. - - Allen & Overy,.. -.. - Slaughter & May,9..9 -. - Willkie Farr & Gallagher -,.9.. *. - -,.... - White & Case LLP Herbert Smith Freehills,.,.... -. *. - Freshfields Bruckhaus Deringer 9,9. -. 9. - Linklaters,.. -.. - Kirkland & Ellis 9,... 9*. Homburger,.9.. *. Weil Gotshal & Manges,9... - * Gianni Origoni Grippo Cappelli & Partners * -,9... *. - - Wachtell Lipton Rosen & Katz * -,9... *. - - Cravath, Swaine & Moore,.. *. Hunton & Williams -,... *. - - Greenberg Traurig -,... *. - - Hengeler Mueller 9,.. -. *. - Norton Rose Fulbright,9... - *. - Simpson Thacher & Bartlett,... - *. - Ropes & Gray 9,.. - *. Eversheds,9... *. Jones Day -,9... *. - - Baker & McKenzie,9.. -. 9*. Top Twenty Five Total,...,9,.., 9 Lender Advisor Rank Rank ProceedsShare % Share Ch. Rank Deals Share % # of Deals Allen & Overy,.. -.9. - Clifford Chance,.9 9. -. 9. - Cooper, McGuire Woods, LLP (VA),.... White & Case LLP,.... Linklaters,.. -.. -,.. -.. Herbert Smith Freehills,.. -.. Milbank Tweed Hadley & McCloy,9.... Freshfields Bruckhaus Deringer 9,.. -. 9. Ashurst,.. Advokatfirman Torngren Magnell KB -,9.... - - Norton Rose Fulbright,.... Baker & McKenzie,.... Simpson Thacher & Bartlett,.... DLA Piper LLP,.. -.. Gide Loyrette Nouel,.... - Watson Farley & Williams -,9.... - - Cahill Gordon & Reindel,9.. -.. Shearman & Sterling LLP 9 9,... 9. Cuatrecasas Goncalves Pereira,9.. -.. Hengeler Mueller,9.. -.. - Hogan Lovells,.. -. 9. - Fried Frank Harris Shriver & Jacobson -,9.... - - Dentons 9,.... Jones Day,.... 9 Top Twenty Five Total,9...,9,.., 9 *tie Top EMEA Deals Syndication Borrower // Belgium Anheuser-Busch Inbev /9/ Israel Teva Pharmaceutical Industries // Germany Volkswagen AG // Switzerland Glencore PLC // Netherlands Royal Dutch Shell PLC // France Air Liquide SA // Italy Enel SpA // Saudi Arabia ARAMCO // Belgium Anheuser-Busch Inbev // United Kingdom Hutchison G UK Holdings Ltd Nation Analysis Package Amt Proceeds Mkt. No. Sector Syndication Share % Issues,.,.,.,.,. Consumer Staples Industrials Materials Energy and Power United Kingdom Germany France Spain Italy 9,9.,.,9.,9.,.....,. Materials Netherlands,.. 99,. Energy and Power Switzerland,.9. 9,999. Energy and Power Belgium 9,.. 9 9,. Consumer Staples Turkey 9,..,9. Telecommunications,9,.,
Full Year Syndicated Loans Legal Advisors Asia Pacific (inc. Japan & Australia) Legal Advisor Review Japan, China and Hong Kong Account for over % of Loan Volume in Region l, Deals d LLa Asia Pacific & Japan Borrower Advisor LLb Asia Pacific & Japan Lenders Advisor Borrower Advisor Rank Rank Proceeds Share % Share Ch. Rank Deals Share % # of Deals Borrower Advisor Rank Rank ProceedsShare % Share Ch. Rank Deals Share % # of Deals Herbert Smith Freehills,9.... - Allens,.. -.. - King & Wood Mallesons Allen & Overy Allens,9.,.,...... -. *.. - - Allen & Overy Baker & McKenzie Herbert Smith Freehills,.,.,.... -. -. 9... -9 - Ashurst Norton Rose Fulbright,.,99.. -. 9.. - Clifford Chance Lee and Li,.,.9.9. -.. *.9. - Clifford Chance WongPartnership LLP,9.,.... * *.. - - Ashurst,9.9,..... *. Mayne Wetherell Gilbert + Tobin 9,.,.9... -. *.. - Gilbert + Tobin Allen & Gledhill 9 9,.,.... -. 9* *. - - Watson Farley & Williams -,... -. - - Minter Ellison,..9. 9. - Clayton Utz,.. -. *. King & Wood Mallesons,9..9 -.. -9 Rajah & Tann LLP,... -. - Linklaters,9... - *. - Simpson Grierson 9,... *. - Norton Rose Fulbright 9,9.. -. *. - Baker & McKenzie,.9. -. *. - White & Case LLP,. -.. - Bell Gully,... *. Nishimura & Asahi,.. Slaughter & May *,... - -. - Hogan Lovells,. -. *. - Chapman Tripp,.. -. *. WongPartnership LLP,.. -. * 9. - Minter Ellison 9,.. -. *. - Mayer Brown LLP 9,.. -. *. -,.. -. *. - AY Commercial Law Offices -,... 9*. - - DLA Piper LLP -,.. *. - - Chen & Associates Attorneys at Law,... 9. Picazo Buyco Tan Fider & Santos Law Off - 9... -. - - Vincible Law Office,.... - Kim & Chang *... *. Slaughter & May,.. -. 9*. - Luthra & Luthra Law Offices * -.. *. - - J Sagar Associates,... *. Reed Smith LLP * -.. -. - - Amarchand Mangaldas,.. -. *. - Top Twenty Five Total,9... Top Twenty Five Total,.. -. 9,9.., - 9,9.., - *tie Top Asia Pacific & Japan Deals Nation Analysis Package Amt Proceeds Mkt. No. Syndication Borrower Sector Syndication Share % Issues // Taiwan Taiwan High Speed Rail Corp,.9 Industrials Japan,9.., // Japan Orchid Alliance Holdings Ltd,. China,. 9. // China Yalong River Hydropower Dvlp,. Energy and Power Hong Kong 9,9.. // Hong Kong Cheung Kong (Hldg) Ltd- Ppty,9. Real Estate Australia,.. // Hong Kong Cheung Kong (Hldg) Ltd- Ppty,. Real Estate India,..9 9// Japan Ichthys LNG Pty Ltd,99. Energy and Power Taiwan,.. 9// China SREGC Sanlin Binjiang,9 Real Estate Singapore,.. 9 // China Shandong Nuclear Power Co Ltd,. Energy and Power South Korea,9..9 // Australia Macquarie Bank Ltd,. Malaysia,9.. // Australia NSW Electricity Networks,. 9,9.,
Full Year Syndicated Loans Legal Advisors Ranking Criteria Summary If you would like to participate in the submission process, receive quarterly press releases, or have questions about league table criteria please contact: - Database coverage includes all loan transactions that have reached general close by the submission deadline and of which Thomson Reuters has been made aware. All current data and previous year's data is as of 9: am EST on February,. - Full credit is given to the borrower s legal counsel and top tier manager s legal counsel. In cases of consolidation, credit will be given to the surviving/parent firm. Americas Jey Tiourchi Tel: + -- E-mail: jey.tiourchi@thomsonreuters.com - Bilateral, self-arranged, commercial and unknown loans are excluded from league tables as well as loans with a maturity of less than 9 days. For the purpose of the legal loans review T+ late submissions will be included in advisor totals Europe Ewelina Jarecka Tel: + E-mail: ewelina.jarecka@thomsonreuters.com - All league tables are based on deal proceeds unless otherwise specified. Regional league tables are based on Target Market. Rankings based on number of deals are available on product Asia Pacific / Japan: Carina Causon Tel: + E-mail: carina.causon@thomsonreuters.com - Non-US dollar denominated transactions are converted to the US dollar equivalent at the time of the financial closing. - League tables only include amendments that require % lender vote for the following amendments: decrease in pricing, change in tenor if maturity is extended by a period of more than 9 days, change in deal size, change to bookrunner, mandated arranger and/ or tier agent, guarantor or collateral release, change in borrowing base criteria. - Thomson Reuters Legal Advisor loans data is compiled in conjunction with Thomson Reuters Loan Pricing Corporation (LPC). In combination, Thomson Reuters Investment Banking and Thomson Reuters LPC offer the most comprehensive and accurate view of the syndicated loans market available. While Thomson Reuters has used reasonable endeavors to ensure that the information provided in this document is accurate and up to date as at the time of issue, neither Thomson Reuters nor its third party content providers shall be liable for any errors, inaccuracies or delays in the information, nor for any actions taken in reliance thereon, nor does it endorse any views or opinions of any third party content provider. Thomson Reuters disclaims all warranties, express or implied, as to the accuracy or completeness of any of the content provided, or as to the fitness of the content for any purpose to the extent permitted by law. The content herein is not appropriate for the purposes of making a decision to carry out a transaction or trade and does not provide any form of advice (investment, tax, legal) amounting to investment advice, nor make any recommendations or solicitations regarding particular financial instruments, investments or products, including the buying or selling of securities. Thomson Reuters has not undertaken any liability or obligation relating to the purchase or sale of securities for or by any person in connection with this document. Thomson Reuters. All rights reserved. Thomson Reuters and the Thomson Reuters logo are registered trademarks and trademarks of Thomson Reuters and its affiliated companies. Any third party name or mark herein belongs to the relevant third party.
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