Daniel Passage
400 South Hope Street
Los Angeles, CA, 90071
Phone: +1-213-430-6618
Fax: +1-213-430-6407
Deborah Festa
400 South Hope Street
Los Angeles, CA, 90071
Phone: +1-213-430-6323
Fax: +1-213-430-6407
Neil Campbell
31st Floor, AIA Central 1 Connaught Road Central
Hong Kong
Phone: +852-3512-2332
Fax: +852-2522-1760
Kenneth J. Yellen
1625 Eye Street, NW
Washington, DC, 20006
Phone: +1-202-383-5228
Fax: +1-202-383-5414
Frederick Bachman
Times Square Tower 7 Times Square
New York, NY, 10036
Phone: +1-212-408-2444
Fax: +1-212-326-2061
Bill Satchell
1625 Eye Street, NW
Washington, DC, 20006
Phone: +1-202-383-5342
Fax: +1-202-383-5414
Lawrence Yee
Plaza 66, Tower 1, 37th Floor 1266 Nanjing Road West
Shanghai, 200040
Phone: +86-21-2307-7001
Fax: +86-21-2307-7300
PROFESSIONALS
Related Practices
KKR Financial, Inc. Morgan Stanley PPM America, Inc. Tennenbaum Capital Partners
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Securitization
The rapid growth of securitization is changing the face of financing. As new deal structures and markets continue to emerge, businesses need a competitive edge in managing their capital structure, income flow, and risk exposure. They need a law firm with international reach and keen insights into what drives success—and failure—in cross-border and cross-sector financing. O’Melveny is a recognized leader in structuring, negotiating, and closing complex financing transactions around the world. In 2007, on behalf of KKR Financial LLC, we handled what was at the time believed to be the largest ever non-bank arbitrage collateralized loan obligation transaction, with an initial issuance size of more than US$3.5 billion, and the potential for upsizing to US$5 billion. Whether undertaking a securitization of trademark license royalties, motion picture or television royalties, premium finance loans, or more traditional receivables, clients in many different industries rely on us to protect their interests and help maximize their returns. For more than half a century, our Corporate Finance lawyers have handled novel securitizations and stayed ahead of the curve. We played a part in some of the first securitization deals involving traditional receivables, as well as innovative transnational and synthetic financings in esoteric new asset classes and emerging markets. As authorities in this field, we are counseling Chinese governmental agencies on developing the legal structure for its securitization market and proposed amendments to existing laws and regulations. No matter where a transaction takes place, or which industries it involves, O’Melveny has the knowledge, skill, and worldwide offices to help successfully close the deal.
Key Facts
- The Legal 500 US (2009) ranks us among the nation's top firms in its Structured Finance: Securitization category, noting our "long history in the securitization market" and our handling of "assignments in developing areas such as insurance and life settlement-related deals, entertainment receivables and casualty risk," and going on to praise the strength of our resources on both coasts of the United States and in Asia.
- Our Securitization group consists of 12 lawyers in key financial centers in the United States, Europe, and Asia. We work closely with our colleagues in the Firm’s regulatory, tax, intellectual property, and bankruptcy practices, among others, to provide comprehensive and integrated counseling.
- We have been involved in the earliest and largest life settlement and premium financing deals, such as our work with Coventry First LLC.
- We assist clients with cutting-edge transactions, including the first securitizations of stranded costs, automobile leases, residual value risk, entertainment receivables, and charged-off receivables.
- We regularly work with rating agencies addressing investor concerns. Our work draws on our considerable experience with laws relating to investment companies, derivatives, international taxation, and collateral arrangements.
Practice Strengths
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Collateralized Loan, Debt, and Bond Obligation Transactions
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Derivatives Transactions
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Insurance Premium Finance
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Intellectual Property Royalties
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International Tax Treaty Counseling
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Life Settlements
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Regulatory Counseling
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KKR Asset Management: CLO Restructuring
KKR Asset Management: Collateralized Loan Obligation Transactions
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