Leveraged Finance

Unlock value

Financing non-investment grade acquisitions, privatizations and other strategic transactions for both financial sponsors and corporations requires specialized expertise. Whether you are a financial advisor, a company seeking financing or an investor seeking strategic opportunities, we leverage our deep relationships and capabilities in this space to provide you rapid decision-making and certainty of execution.

We take the time to understand our borrowers’ business goals and financial needs and develop a structure and syndication strategy to meet those needs.

Likewise, KeyBanc Capital Markets® maintains a broad range of investor clients whose parameters & investment philosophies we understand. Issuing clients access our ability to execute on the following structures: institutional term loan B, senior and subordinated debt, first/second lien debt and high yield bonds, benefitting from our well-established institutional investor network.

KeyBanc Capital Markets has delivered leveraged financing for multiple companies with a wide range of financial needs. Recent examples include:

  • KeyBanc Capital Markets served as Left Lead Arranger, Bookrunner and Administrative Agent on $1.055 billion in Senior Secured Credit Facilities and as Joint Bookrunner on the issuance of $405 million in Senior Unsecured Notes in support of the sale of The Kenan Advantage Group, Inc., a portfolio company of Goldman Merchant Banking Division and Centerbridge Partners, to OMERS Private Equity.
  • Emerald Performance Materials, LLC – KeyBanc Capital Markets (“KBCM”) successfully syndicated $855MM of Senior Secured Credit Facilities to fund the acquisition by American Securities. The Facilities consisted of a $75MM Revolving Credit Facility, $550MM First Lien Term Loan, and $230MM Second Lien Term Loan. KBCM acted as Right Lead Arranger / Joint Bookrunner, and served as co-sell-side advisor on the transaction.

Financial sponsors, public companies and private companies are all among our leveraged finance borrowers. We provide counsel and execution expertise that ensures we put the right high yield financial package together. Our expert team can provide high yield loans and bonds determining the right balance for your needs. Our products include:

Senior Debt

  • Revolving credit facilities
  • Asset based loans
  • Institutional term loans
  • Senior/subordinated loans
  • First and second lien debt

Bond Debt

  • High grade/high yield bonds
  • Corporate bonds
  • Municipal bonds
  • Asset-backed securities

Investors in non-investment grade debt typically have very specific credit, return, geographic and industry sector profiles. With a dedicated coverage effort, we get to know your requirements. We work regularly with financial institutions seeking investment opportunities as well as institutional investors such as insurance companies, hedge funds and private investment groups.