Davis Polk counsel Aaron Ferner and associates Joshua Bunn and Claudia Herron authored “Debt financing UK takeovers: key concepts and considerations for sponsors” in Financier Worldwide. In the article, they discuss a number of key concepts and considerations that sponsors looking to finance UK public-to-private transactions should keep in mind, such as cash confirmation requirements, offer-related undertakings, foreign exchange issues and more.

The authors also note that if the debt markets continue to strengthen later in the year, they expect to see a further uptick in sponsor-backed UK takeovers, particularly large-cap takeovers which have been significantly hampered by recent debt market dynamics.

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