The Xtract legal team delivers sophisticated legal analysis of leveraged loan and high yield bond covenants in an understandable manner. Our legal analysis allows credit investors to spot risks and make more informed investment decisions.
Writing new issuance reports on high yield bonds and leveraged loans, as well as special reports on special situations, distressed credits and covenant trends. Candidates should have at least 5 years of experience in a debt capital markets or debt finance group at a major law firm and have detailed experience of high yield bond and/or European leveraged loan covenants.
Reviewing and analysing new leveraged loans/high yield bonds, writing reports and commentary on them for timely delivery to Xtract clients
Dealing with client questions, either on specific individual reports or on general covenants/market trends
Required Skills, Qualifications, and Experience:
Proven Post-Qualification experience at a major law firm in debt capital markets or debt finance group
Full legal qualifications (English, New York or other similar common law jurisdiction, eg Australia)
Existing detailed knowledge of high yield bond and/or European leveraged loan documents and their covenants
Ability to absorb and analyse complex detail and to give clear and concise summaries/explanations, written and oral
First rate attention to detail and communication skills, oral and written
Keen interest in the debt finance markets and enthusiasm to be part of a business driving radical changes
It is anticipated that initially candidates may work from home. Over time they are likely to be part of an orderly move to safe office working at the firm’s premises in the City of London.
Nice to have:
Previous experience of analysing, summarising and commenting on leveraged loan/high yield bond documentation and covenants will be advantageous.
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