Introduction

Ciaran is an experienced Global Markets Partner with a focus on advising trustees and agents on a wide range of capital market and banking transactions.

Ciaran focuses on advising trustee and agent clients on a wide range of debt capital market and banking transactions, including CLOs, EMTN programmes, stand-alone bond issues, subordinated debt, equity-linked debt, repackagings, structured products, leveraged and investment-grade bank finance and project financings. 

Ciaran also advises trustees on post-closing matters, such as consent solicitations, defaults, restructurings and exercises of trustee discretion.

  • BNY Mellon as trustee and in its agency roles on the Ares European Direct Lending CLO 1 transaction, one of the first mid-market European CLOs and winner of GlobalCapital Overall Securitisation Deal of the Year.
  • Law Debenture as security agent in respect of the financing by the National Wealth Fund of the UK's first Small Modular Reactor contract with Rolls-Royce.
  • US Bank, a major international trustee and BNY Mellon as trustee and in its agency roles on a host of European CLO issuances by seasoned and debut CLO managers, with Ciaran being trusted in the CLO trust and agency space.
  • BNY Mellon in its security agent and agency capacities on a complex joint venture securitization structure whereby SMBC and Muzinich established a JV SPV to make ring-fenced private credit investments in the European market.
  • A major international trustee on notes issued by Banque Ouest Africaine de Development, including deeply subordinated note issuances.
  • Wilmington Trust as security agent on a multi-jurisdictional bank/bond financing for a leading jackup drilling contractor.
  • GLAS as facility agent and security agent on a multi-jurisdictional bank financing for an offshore oil and gas exploration and production company.
  • A major international trustee as security agent on multiple direct lending platforms for major international fund platforms.
  • A major international trustee as security agent and in its agency capacities on the senior secured note financing by PGIM of Setramar Port Holding, part of 'Gruppo Setramar', a major Italian logistics and shipping company.
  • US Bank, BNY Mellon and a major international trustee on multiple defaulted or non-performing bond issuances, including multi-jurisdictional securitizations and project financings and all related insolvency proceedings.