Andrew MacLachlan is a partner in the Complex Securitizations Practice Group in the New York office of Kirkland & Ellis LLP. Andrew advises clients on a wide array of synthetic, financing and derivative products and structures. Andrew represents a diverse client base across multiple asset classes, including asset managers, lenders, private equity sponsors, hedge funds, corporations, insurance companies, pension funds and family offices.
Andrew is highly conversant in the legal and regulatory framework applicable to the structured finance and derivatives markets and has extensive experience negotiating and executing structured credit products and solutions, OTC derivatives transactions and the comprehensive derivatives documentation infrastructure. He provides regulatory advice in addition to his core transactional work, including advising on the interpretation and implementation of various derivatives-related aspects of the Dodd-Frank Act and the changes to documentation and trading practices occasioned by ongoing regulatory reforms. Andrew is valued by his clients for his transaction structuring, advisory, negotiation and execution experience.
Andrew’s practice includes:
- Leverage products, including back-leverage and warehouse financing facilities, secured by debt, equity and other asset classes. Products include structured repo facilities, asset-back financing facilities, total return swaps (TRS), margin loans, loan-on-loan financing, holdco note issuances and derivatives-based leverage facilities.
- Synthetic investments, including significant risk transfer (SRT) regulatory capital relief transactions involving credit-linked notes, credit default swaps and financial guarantees, and intermediation trades.
- Structured finance, including asset repackaging transactions and related TRS and repo transactions.
- Derivative products, including deal contingent hedging and advising on M&A related derivative structuring, equity derivatives including variable prepaid forwards, accelerated share repurchase and synthetic stake building, hedging in connection with leverage agreements and business operations, and setting up OTC and exchange traded derivatives trading infrastructure including ISDA agreements, repurchase agreements, prime brokerage, securities lending, futures and clearing documentation.
