High Grade/High Yield Debt

Delivering thought-provoking ideas and flawless execution.

KeyBanc Capital Markets® provides a wealth of knowledge, helping us bring innovative financial solutions to the table so you can take advantage of every opportunity.

The high grade and high yield capital markets team leverages broad industry and market expertise to deliver superior execution and exceptional service to our clients. Our desk is fully integrated, consisting of a combined public and private execution effort, which allows us to evaluate each transaction and determine the best market and strategy for our clients.

Our experts work in close coordination with our syndicated/leveraged finance team, and our fixed-income distribution platform, to provide integrated financial solutions made possible by our deep institutional partner relationships. Our focus on middle-market companies makes our relationships and experience particularly relevant and supports our commitment to rapid decision making. Together with our industry specialists, our capital markets team delivers innovative deal structuring and reliable results.

Over the last few years, we routinely have helped our clients raise over $200 billion annually to refinance existing debt, fund acquisitions, return capital to shareholders, and support other strategic objectives.

High Grade Debt

  • Our specialized team understands the unique needs of companies that have ratings of Baa3 (Moody’s) or BBB- (Standard & Poor’s) or higher, with a goal to raise capital in the debt markets. We have the experience and expertise to provide advisory and execution services in the high grade capital markets.
  • We have the resources to help your company create optimal structures and terms for a bond offering. Our syndicate desk provides keen insight to the markets and maintains relationships with both investors and issuers, while our sales and trading teams complete the process and provide input throughout the life cycle of the offering. Our team of over 50 sales, trading and desk strategy professionals maintains relationships with over 2,200 institutional accounts with coverage of Tier I, Tier II and Tier III accounts.

High Yield Debt

  • Many of our clients with non-investment grade ratings raise capital in the high yield capital markets. Our teams are experienced in the nuances of this market and sharply focused on the structuring and execution of high yield solutions that meet our clients’ needs.
  • KeyBanc Capital Markets in 2021 executed over 70 transactions raising more than $40 billion of capital; we routinely act as bookrunner on a number of our clients’ important transactions.
  • Our sales and trading teams maintain investor relationships and provide market insight and secondary trading support throughout the life cycle of the offering. Many on our high-yield team of seasoned sales, trading and desk strategy professionals have more than 20 years of experience gained over a number of market cycles.

Private Placements

  • Private debt placements can meet debt financing needs of issuers who are not a fit for the public markets due to lack of long-term ratings, smaller deal sizes, off-the-run tenors and private ownership. KeyBanc Capital Markets senior team members have the relationships and experience to structure and execute a variety of private placement structures.
  • Our senior team leaders can offer advice on the best structures for your private debt placements, then connect borrowers with private debt buyers. We offer a wide range of debt products, with maturity dates ranging from three to 30 years.
  • Our bankers actively connect borrowers with debt-side investors on a regular basis after listening carefully to your company’s needs. Private debt investors typically have very specific credit, return, geographic and industry sector profiles. We get to know your requirements and bring deals that make sense. We work regularly with financial institutions seeking investment opportunities, as well as institutional investors such as insurance companies and asset managers. Typically, our debt private placement investors are seeking opportunities which afford them larger allocations, alternative maturities and more structure then can be found in the public market.

Recent Deals

June 2022

the parent company of

AEP Transmission Company, LLC

$550 Million

Senior Notes

Joint Bookrunner

Debt Capital Markets

aep-transmission-company,-llc
May 2022

 

$500 Million

Senior Secured Credit Facility

Joint Bookrunner
Joint Lead Arranger

Debt Capital Markets

delaware-basin-resources-llc
May 2022

a portfolio company of

has acquired

 

$545 Million

Senior Secured Credit Facilities

Administrative Agent
Joint Bookrunner
Left Lead Arranger

Debt Capital Markets

congruex-group-llc
May 2022

 

$2.55 Billion

Senior Secured Credit Facilities

Co-Documentation Agent
Joint Lead Arranger

Debt Capital Markets

penn-national-gaming,-inc-
May 2022

 

$95 Million

Senior Secured Credit Facilities

Administrative Agent
Joint Lead Arranger
Sole Bookrunner

Debt Capital Markets

doyon-limited
April 2022

a portfolio company of

has acquired

 

$2.77 Billion

Senior Secured Credit Facilities

Joint Bookrunner
Joint Lead Arranger

Debt Capital Markets

prince-international-corporation
April 2022

 

$1.5 Billion

Senior Secured Revolving Credit Facility

Documentation Agent
Joint Bookrunner
Joint Lead Arranger

Debt Capital Markets

earthstone-energy-inc

KeyBanc Capital Markets is a trade name under which corporate and investment banking products and services of KeyCorp® and its subsidiaries, KeyBanc Capital Markets Inc., Member FINRA/SIPC, and KeyBank National Association (“KeyBank N.A.”), are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives, who may also be employees of KeyBank N.A. Banking products and services are offered by KeyBank N.A.

Securities products and services: Not FDIC Insured • No Bank Guarantee • May Lose Value

Please read our complete KeyBanc Capital Markets disclosure statement.

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