Max Millington

Partner, Winston Taylor

Max’s practice involves advising financial institutions, private credit funds, private equity sponsors and corporate borrowers on (primarily 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 credit: direct lending, unitranche, first-out/super-senior, junior debt (mezzanine, second lien, holdco PIK) and rescue capital.

Contributed to

2

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

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

Q&A

This Q&A looks at issues to factor in when considering whether to rely on existing security and guarantees on a refinancing of a syndicated facility.

Banking & Finance