Sotheby’s art loans structured facility, in which Sidley represented the administrative agent and lenders, was named “Structured Finance and Securitisation Deal of the Year” at the IFLR Americas Awards 2021. The winning transaction consisted of a US$1 billion refinancing of the Sotheby’s Financial Services art loan receivables with an expanded group of lenders. The highly bespoke deal raised novel issues in terms of valuing the collateral pool. Cathy M. Kaplan led the Sidley team composed of Nick Brittain, Pietro Fontana, Eno M. Usoro, Philipp A. Nuernberger, Mioko Okubo, Richard A. Leavy, Nils Gravenhorst, Katherine Williams, Andie Lam, Alex R. Rovira, and Rachpal K. Thind.
IFLR annually celebrates the most innovative deals and the firms and teams that worked on them.