Stephen McNamara is an associate in the Capital Markets practice. He focuses on international capital markets transactions, with experience across a range of debt and equity transactions. Stephen has acted for both issuers and underwriters, and also has experience in liability management transactions.

High Yield – Issuers

• El Corte Inglés in connection with its:
  • Inaugural offering of €600 million senior notes; and
  • Private placement tap issuance of €90 million senior notes.
• Ardagh on various financing and liability management transactions, including:
  • $1.8 billion of notes, consisting of €440 million senior secured notes, $500 million senior secured notes and $800 million senior notes;
  • $1.13 billion senior secured toggle notes and €1 billion senior secured toggle notes;
  • Excess Proceeds offer for existing senior secured notes;
  • $500 million senior secured notes;
  • Tap issuance of $200 million senior secured notes;
  • $1 billion senior notes issuance and concurrent tender offer and consent solicitation;
  • Tap issuance of $715 million senior secured notes; and
  • €790 million senior secured notes.
• Trivium Packaging in connection with its offering of $2.85 billion of notes, consisting of €625 million senior secured notes, $1.05 billion senior secured notes, €355 million secured floating rate notes and $700 million senior notes.
• CWT in connection with its debt restructuring, comprising (i) an exchange offer, (ii) a consent solicitation, (iii) an issuance of rights offering units consisting of $125 million senior secured priming notes and shares of common equity of a newly-created holding company, (iv) an equity contribution by the Company’s principal shareholder and (v) an amendment and restatement of the Company’s revolving credit facility.

High Yield – Initial Purchasers

• Barclays, DNB Markets, UniCredit, BNP Paribas, BofA Merrill Lynch, Lloyds Bank, NatWest Markets and Société Générale in connection with Thomas Cook’s €400 million senior notes offering.
• Goldman Sachs, BNP Paribas, Deutsche Bank, Banca Akros, Banca IMI and Raiffeisen in connection with KME AG's inaugural offering of €300 million senior secured notes.
• Barclays, Deutsche Bank, BNP Paribas, RBC Capital Markets, Wells Fargo, ABN AMRO, Goldman Sachs, NatWest Markets, Lloyds Bank and SEB in connection with Ithaca Energy’s proposed high yield notes offering.
• HSBC, BofA Merrill Lynch, Well Fargo, Commonwealth Bank of Australia and US Bancorp in connection with James Hardie’s €400 million inaugural euro-denominated senior notes offering.
• BNP Paribas, Crédit Agricole and Deutsche Bank in connection with Loxam’s €300 million senior secured notes and €200 million senior subordinated notes offering.
• Deutsche Bank, BNP Paribas, Crédit Agricole, Natixis and Société Générale in connection with Loxam’s €700 million senior secured notes, €450 million senior secured notes and €250 million senior subordinated notes offering.

Investment Grade / Debt Capital Markets

• Coca-Cola European Partners in connection with its offerings of:
  • €400 million notes.
  • €500 million notes.
  • €500 million notes.
  • €600 million notes.
  • €250 million additional notes.
• Partner Communications in connection with its offerings of:
  • NIS 225 million debentures.
  • Option warrants.
• The underwriters (led by BofA Merrill Lynch, Citi, Credit Agricole, Goldman Sachs, J.P. Morgan and RBC Capital Markets) in connection with ArcelorMittal’s $750 million notes offering.
• The underwriters (led by Barclays, Citi and Morgan Stanley) in connection with Eaton’s €1.1 billion notes offering.
• The underwriters (led by BofA Merril Lynch, Citi, Credit Agricole, Goldman Sachs, J.P. Morgan and RBC Capital Markets) in connection with ArcelorMittal’s $1.25 billion notes offering.
• The underwriters (led by BNP Paribas, Crédit Agricole, Goldman Sachs, J.P. Morgan and Société Générale) in connection with ArcelorMittal’s $1.25 billion mandatorily convertible subordinated notes offering.

Equity Capital Markets

• Carnegie, J.P. Morgan, Barclays, ABG Sundal Collier, Nordea and KeyBanc in connection with the proposed initial public offering and NASDAQ Stockholm listing of iZettle AB.
• The joint global coordinators in connection with a proposed accelerated bookbuild and block trade on Euronext Lisbon.
• Hassan Allam Holding in connection with its proposed IPO and listing on the Egyptian Exchange and London Stock Exchange.
• Deutsche Bank, J.P. Morgan, Halyk Finance and Renaissance Capital in connection with ALMEX Holding Group’s follow-on offering of Global Depositary Receipts, representing shares in the share capital of Halyk Bank, and listing of Global Depositary Receipts on the London Stock Exchange and Astana International Exchange.
• The underwriters (led by BNP Paribas, Crédit Agricole, Goldman Sachs, J.P. Morgan and Société Générale) in connection with ArcelorMittal’s ordinary shares offering.