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.
• Valvoline in connection with its offering of $535 million senior notes.

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.
• The joint global coordinators in connection with a London Stock Exchange listed company’s proposed inaugural high yield issuance.

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.
• BBVA Securities Inc., Citigroup Global Markets Limited, HSBC Bank plc, Mizuho Securities USA LLC and Natixis as dealer managers in connection with ArcelorMittal’s any and call cash tender offer.

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.
• An Egyptian issuer in connection with its proposed IPO and listing on the Egyptian Exchange.