Max Millington

Partner, Pinsent Masons

Max’s practice involves advising financial institutions, private equity sponsors, borrowers and management on mid-market leveraged and corporate finance products, financial restructurings and stressed/distressed positions.

Within that universe, he has a particular focus on advising in relation to private debt: direct lending, unitranche, first-out/super-senior, junior debt (mezzanine, second lien, holdco PIK) and rescue capital.

Contributed to

3

Incremental debt flexibility or accordion features

Practice notes

This Practice Note looks at accordion, or incremental debt features in facilities agreements. It discusses what they are, how they are used in deal structures, recent trends and key features including yield caps, most favoured nation clauses and their effect on existing security.

Banking & Finance

Structure of a buy-out

Practice notes

This Practice Note describes the typical corporate and funding structure of a leveraged buy-out and explains: (i) typical features of a buy-out, (ii) factors influencing structure (tax considerations, security and enforcement issues, legal issues, source of funds), and (iii) some typical buy-out structures and an overview of their key features

Banking & Finance

How can I ensure security and guarantees remain effective on a refinancing?

Q&As

Banking & Finance