Priya Taneja

Overview

Priya Taneja is a debt capital markets, restructuring and impact finance lawyer. Priya represents issuers/borrowers, trustees/successor trustees, security agents and bond agents, noteholders, servicers, corporate service providers together with other capital market participants across debt capital markets issuances, high yields, MTN programmes and securitisations. Priya is recognised as having market leading expertise in advising on high yield issuances, complex restructurings, defaults, enforcements, amendments/consent solicitations and related trustee discretion matters, liability management matters, as well as general litigation concerning corporate trust clients.

Results

DCM, Structured Finance & Restructuring

Advised the security agent and bridge notes trustee in relation to a complex restructuring for Frigoglass S.A.I.C. The transaction involved a consensual restructuring across a committee of the holders of Frigoglass’ €260 million senior secured notes due 2025 with the support of its major indirect shareholder, Truad Verwaltungs A.G and was implemented by way of a security enforcement process, including a Dutch law share pledge enforcement following Dutch court approval.
Advised a major corporate trust house in all its corporate trust roles, in relation to Nostrum Oil &Gas PLC’s financial restructuring. The transaction was implemented by way of an English law scheme of arrangement and remains one of a few English law schemes, run through The Depository Trust Company in relation to USD high yield bonds.
Advised a corporate service provider as property nominees in relation to a underlying sale and leaseback securitisations, specifically with respect to the sale of 21 stores for a major retail supermarket in the UK.

Advised the issuer across eight pre-2008 legacy Lehman Brothers Japanese apartment loan securitizations, in relation to the transition from Yen Libor to the Tokyo Term Risk Free Rate.
Acted for two major corporate trust banks in relation to a complex corporate merger and reorganization between Aker BP and Lundin Energy.
Advising the trustee, security agent, facility agent, paying agent, registrar and transfer agent, in relation to a PIK notes debt issuance, a FRN issuance and super senior facility for a leading drilling, engineering and technology company.
Advised the trustee in relation to one of the largest financial, debt and corporate restructurings for Naviera Armas, S.A. and its subsidiaries (c. EUR 1 billion). The complex cross-border restructuring was implemented in pursuant to a Spanish law homologación judicial (effectively a Spanish scheme of arrangement).
Advised the trustee in relation to Swissport’s financial restructuring and recapitalization. The restructuring was implemented by way of a debt-for-equity swap and facilitated by an English law scheme of arrangement and a pre-packaged sale of the Swissport business out of an English administration.
Represented the collateral agent and administrative agent in relation to a USD 2 billion senior secured term loan facility, the largest term loan B facility in Asia’s technology sector.
Advising the trustee, security agent, paying agent, registrar and transfer agent with respect to Var Energi’s high yield offering of its US $1,000,000,000 7.5% Senior Notes due 2028 and its US $1,000,000,000 8.0% senior notes due 2032.
Advised the fiscal agent, paying agent and transfer agent in relation to a EUR 1.765 billion multi-tranche bond transaction. In parallel, we advised Deutsche Bank Trust Company Americas in its capacity as trustee and paying agent, with regard to a 144A high yield bond issuance, with the proceeds of both issuances being applied towards an acquisition.*
Advised a global corporate trustee with regard to a complex bond issuance constituting an initial English law structured PIK issuance in order for the issuer to raise sufficient funds as part of its capital structure to bridge certain equity in order to complete an acquisition.*
Acted as English counsel advising a hedge fund with respect to the financial restructuring of Aldel, an aluminum plant based in the Netherlands.*

Impact Finance

Advised The United Nations High Commissioner for Refugees in relation to a $500 million Shariah compliant global fund to address the developmental and humanitarian needs of millions of forcibly displaced people.
Advised the British Asian Trust in relation to the design and structuring of the first of its kind impact bond for improving the skills of young Indians and addressing the youth employment crisis, specifically that for young women
Advised The Education Outcome Fund and UNICEF in setting up a joint fund structure, which involved the complexities around alignment between the outcomes-based model in relation to EOF’s underlying education programs in various jurisdictions and conforming the contractual structure to the fund establishment within the composition of UNICEF.
Advised the Palladium Group and the UBS Optimus Foundation on the structuring and legal aspects of the Utkrisht Bond, the world’s first and largest healthcare development impact bond, aimed at reducing mother and baby mortality in Rajasthan, India*
Advised the British Asian Trust in relation to the Quality Education impact bond*
Advised on a social impact bond in relation to the PAUSE programme in Derbyshire, United Kingdom*
Advised on the Educate Girls development impact bond, which was the first cross-border development impact bond targeting the education of children in Rajasthan*

Show Less