Max Millington#3118

Max Millington

Max is a Partner in Osborne Clarke’s banking team, based in London.

Max advises financial institutions, sponsors and borrowers operating across the credit spectrum in relation to a variety of debt products. He has a particular focus on mid-market direct lending and stressed/distressed positions, often acting for credit funds.

Max also offers significant experience in financing for borrowers operating in regulated industries, including financial services, utilities, transport and telecommunications.

Max previously practised for ten years at Freshfields Bruckhaus Deringer LLP. During that time he undertook secondments to two financial services institutions.
Contributed to


Incremental debt flexibility or accordion features
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.

Structure of a buy-out
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

Practice Area


  • Contributing Author


  • Legal Practice Course, BPP Law School (London) 2005
  • Graduate Diploma in Law, BPP Law School (London) 2004
  • BSc (Hons) Accounting and French, University of Southampton 2002
  • Solicitor, England and Wales (admitted September 2007)

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