Haden Henderson

About Haden Henderson

Haden is a finance partner in our global transactions group with a particular emphasis on high yield bond offerings.

Haden has extensive experience advising private equity funds, corporations, investment banks and alternative capital investors on high yield bond offerings, committed leveraged finance transactions, liability management transactions and restructurings. Haden's practice also includes the representation of corporations in connection with complex cross-border corporate and securities law matters.

Prior to joining the firm Haden was a partner at a leading global law firm and worked for an extended period on secondment at a leading global investment banking, securities and investment management firm in its leveraged finance team. 

Haden is recognized as a ranked lawyer for High Yield by Chambers and as a key lawyer for High Yield in Legal 500 UK.

Recent work

Haden’s experience includes advising*:

• Fressnapf on the financing aspects of Fressnapf’s acquisition of Arcaplanet Group and Cinven’s investment in Fressnapf, including Fressnapf Holding SE’s offering of EUR800,000,000 5.25% Senior Notes due 2031;
  
  
• Hellman & Friedman and AutoScout24, the leading pan-European online automotive market place, on the financing aspects of its announced acquisition of TRADER Corporation, which operates Canada's leading online automotive marketplaces English-language AutoTrader.ca and French-language AutoHebdo.net;
  
  
• Cinven on the financing aspects of its majority investment in Alter Domus, a leading global provider of end-to-end tech-enabled fund administration and corporate services across private equity, real assets, and private debt; 

• Cinven on the financing aspects of its agreement to become the lead investor in Vitamin Well, the Swedish provider of protein bars and sport and health beverages;
  
  
• Cinven on the financing aspects of its acquisition of idealista Global, S.L.U., Spain's leading real estate portal;
  
  
• The initial purchasers in connection with the issuance by Neinor Homes, S.A. of EUR 325 million aggregate principal amount of 5.875% senior secured high yield green bonds due 2030; 
  
  
• The initial purchasers in connection with the issuance by Cable & Wireless of USD 1 billion aggregate principal amount of 7.125% senior secured notes due 2032;

• Argus Media Group on its new USD 1.335 billion senior facilities in connection with General Atlantic's additional investment in Argus Media Group;
  
  
• Equipmentshare.com Inc in connection with its debut USD 640 million offering of Senior Secured Second Lien Notes due 2028;
  
  
• The initial purchasers in connection with on a sustainability-linked financing to Liberty Latin America's subsidiary, Liberty Servicios Fijos LY, S.A. (“Liberty Costa Rica”). The financing package consisted of a USD 50 million A Loan and a USD 400 million B Loan/B-Bond structure provided to Liberty Costa Rica by IDB Invest. The B Loan/B-Bond structure was financed by a special purpose entity that acted as a participant in the IDB Invest B Loan and funded its participation through the issuance of USD 400 million sustainability-linked senior secured notes due 2031. The transaction represents the first high yield bond issuance using the IDB Invest A/B fronting structure;
  
  
• Hellman & Friedman and GIC with respect to the financing arrangements for their acquisition of Allfunds Bank S.A., with a deal value of approximately EUR 1.8 billion. The financing arrangements included the offering of EUR 575 million senior secured PIK notes due 2024, the first ever high yield bond issuance by a standalone fund distribution platform business;
  
  
• Jain Irrigation Systems Limited on the financing aspects of the merger of its international irrigation business with Temasek-owned Rivulis Pte Ltd.; 

• The initial purchasers in connection with the issuance by Vía Célere Desarrollos Inmobiliarios, S.A. of EUR 300 million aggregate principal amount of 5.25% senior secured high yield green bonds due 2026. The transaction represented the first green bond issued by a residential developer in the Euro market;
  
  
• The initial purchasers in connection with the issuance by Neinor Homes, S.A. of EUR 300 million aggregate principal amount of 4.50% senior secured high yield green bonds due 2026;
  
  
• The initial purchasers in connection with the issuance by AEDAS Homes OpCo, S.L.U., a subsidiary of AEDAS Homes, S.A., of EUR 325 million aggregate principal amount of 4.00% senior secured high yield green bonds due 2026;
  
  
• The initial purchasers in connection with the issuance by VTR Comunicaciones SpA, a subsidiary of Liberty Latin America, of USD 410 million aggregate principal amount of 4.375% senior secured notes due 2029;
  
  
• UBS AG on a USD 50,000,000 fixed rate digital securities issuance using the distributed ledger technology (DLT). The transaction represents one of the first transnational issuances of DLT-based securities by a financial institution and is part of the ongoing digital transformation of the capital markets landscape;
  
  
• Jain International Trading B.V., a direct subsidiary of Indian listed multinational micro-irrigation, food processing and plastic products conglomerate Jain Irrigation Systems Limited on its successful restructuring of its high yield bonds, implemented by way of an English law scheme of arrangement under Part 26 of the UK Companies Act 2006;
  
  
• A leading investment bank in connection with the private placement add-on of USD 90 million of 6.750% senior secured notes due 2027 by LCPR Senior Secured Financing Designated Activity Company in connection with Liberty Communications PR Holding LP's USD 1.95 billion acquisition of AT&T's operations in Puerto Rico and the US Virgin Islands.
  
  
• The initial purchasers in connection with the issuance by VTR Finance N.V. and VTR Comunicaciones SpA, subsidiaries of Liberty Latin America, of USD 550 million aggregate principal amount of 6.375% senior notes due 2028 and US$600 million aggregate principal amount of 5.125% senior secured notes due 2028, respectively
  
  
• The initial purchasers on the USD 2.1 billion (equivalent) dual-tranche high yield bond offering by certain subsidiaries of Teva Pharmaceutical Industries Limited, comprised of a USD 1 billion 7.125% five-year tranche and a EUR 1 billion 6.000% five-year tranche. Advised the dealer managers on the concurrent 3 tiered priority-acceptance tender offer to purchase up to USD 1.5 billion of certain of its other outstanding bonds;
  
  
• The initial purchasers, solicitation agents and lenders in connection with the implementation of a new global funding structure by Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company. The transaction included the issuance by Encore of EUR 350 million aggregate principal amount of 4.875% Senior Secured Notes due 2025 and a consent solicitation with respect to Cabot Financial (Luxembourg) S.A. and Cabot Financial (Luxembourg) II S.A., indirect subsidiaries of Encore, outstanding GBP 512.9 million 7.5% Senior Secured Notes due 2023 and EUR 400 million Senior Secured Floating Rate Notes due 2024 to enlarge the restricted group to encompass Encore and its subsidiaries and amend and restate the existing intercreditor agreement for the new financing structure. This transaction was shortlisted for IFLR Americas 2021 high yield deal of the year; and
  
  
• A leading private credit fund in connection with a private placement add-on by Garfunkelux Holdco 3 S.A. (Lowell) of GBP 117.5 million (equivalent) senior secured notes comprised of EUR 30 million in principal amount of additional floating rate senior secured notes due 2026, EUR 55 million in principal amount of additional 6.750% senior secured notes due 2025 and GBP 40 million in principal amount of additional 7.750% senior secured notes due 2025. 

* Includes experience at previous firms