Sullivan & Cromwell is a leading law firm in U.S. and global debt  capital markets transactions, including investment grade, high-yield, medium-term notes and sovereign debt offerings worldwide. We represent issuers, or their underwriters, on their debt and other strategic financings in every corner of the globe.

Industry and Client Recognition

“The debt capital markets team handled some staggeringly large notes offerings, among them advising the underwriters on AT&T’s $17.5 billion issue; Fiat Chrysler on two $1.5 billion issues; and the Building Materials Corporation of America on a $1.1 billion issue.”IFLR, 2016

Band 1: Capital Markets: Debt & Equity – Nationwide (Chambers USA, 2016)
Band 1: Capital Markets: Debt (The Legal 500 US, 2016)
Band 1: Capital Markets: Global (The Legal 500 US, 2016)
Tier 1: Capital Markets: Debt (U.S.)  (IFLR, 2016)

Top Global Rankings

A leader in global debt capital markets transactions, S&C is proud to be the:

#1 ranked law firm representing issuers in global debt, equity and equity-related offerings worldwide representing  approximately $256 billion in transaction value in 2016, as reported by Thomson Reuters.

#1 ranked law firm representing issuers in U.S. debt, equity and equity-related offerings worldwide representing $218 billion in transaction value and over 100 transactions in 2016, as reported by Thomson Reuters.

#1 ranked law firm representing issuers in U.S. straight debt (including ABS and MBS) representing $205 billion in transaction value in 2016, as reported by Thomson Reuters.

#1 ranked law firm representing issuers in U.S. corporate bonds representing $127 billion in transaction value in 2016, as reported by Thomson Reuters.

#1 ranked law firm representing issuers in all international bonds representing $228 billion in transaction value in 2016, as reported by Thomson Reuters.

Market-Leading Debt Capital Markets Practice

S&C is a global leader in debt capital markets and represents issuers or underwriters across a wide range of industries in their most noteworthy transactions. The Firm’s leading position among legal advisers in debt capital markets makes us uniquely qualified to accomplish our clients’ commercial and strategic objectives. S&C worked on:
  • the largest corporate bond offering in 2016 and the second-largest corporate bond offering of all time (Anheuser-Busch InBev SA/NV);
     
  • the fourth-largest corporate bond offering in 2015 (Visa Inc.);
     
  • the largest global offering of hybrid securities by a Japanese issuer in 2016 (Dai-ichi Life Insurance Company, Ltd.); and
     
  • the second-largest corporate hybrid debt offering globally in 2015, the largest hybrid debt offering for a resource company in 2015 and the largest-ever bond offering by BHP Billiton.