Adam English

Associate

Overview

Adam English is an associate in the London office of Crowell & Moring. He focuses on distressed debt and claims trading. Adam represents investment banks, broker dealers, and other financial institutions, including hedge funds on the trading of domestic and international syndicated bank loans, debt instruments, and distressed assets.

He has extensive experience in the review and analysis of credit documentation of both investment and non-investment grade borrowers. Adam advises buy-side clients on closing cross-border transactions throughout Europe and the United States. He focuses on distressed debt and claims trading under both the LMA and the LSTA secondary trading documentation.

Prior to joining the firm, he was an attorney with Kibbe & Orbe LLP.

Before moving into private practice, Adam worked for a multinational investment bank and financial services company, where he gained experience in corporate actions, data flow strategy, and distressed debt trading.

Career & Education

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    • University of East Anglia, LL.B., 2006
    • College of Law, London, Diploma in Legal Practice, 2007
    • University of East Anglia, LL.B., 2006
    • College of Law, London, Diploma in Legal Practice, 2007
    • Solicitor, England and Wales
    • Solicitor, England and Wales

Adam's Insights

Client Alert | 11 min read | 07.22.24

Transformations in Transferability: Challenges in the European Loan Market Amid Increasing Restrictions

In the ever-evolving landscape of English law credit agreements in the European leveraged loan market, the dynamics of lending have undergone significant transformations in the last few years. One issue that has gained prominence is the increase in limits on the ability of lenders to transfer their loans and the associated restrictions imposed on potential new lenders. European syndicated loan agreements have historically included a standardised and expected set of transfer restrictions applicable to prospective lenders, reflective of the market guidance and templates issued by the Loan Market Association (“LMA”). Certainty of terms and the capability of an existing lender to sell out of a loan position have been the hallmark (and expectation) of the LMA loan market. However, trends in the drafting of credit agreements have contained a concerning increase in limitations on loan liquidity. As a result, many lenders are finding it difficult to sell their distressed loans. This article explores these trends, as well as their implications on the secondary loan trading market....

Adam's Insights

Client Alert | 11 min read | 07.22.24

Transformations in Transferability: Challenges in the European Loan Market Amid Increasing Restrictions

In the ever-evolving landscape of English law credit agreements in the European leveraged loan market, the dynamics of lending have undergone significant transformations in the last few years. One issue that has gained prominence is the increase in limits on the ability of lenders to transfer their loans and the associated restrictions imposed on potential new lenders. European syndicated loan agreements have historically included a standardised and expected set of transfer restrictions applicable to prospective lenders, reflective of the market guidance and templates issued by the Loan Market Association (“LMA”). Certainty of terms and the capability of an existing lender to sell out of a loan position have been the hallmark (and expectation) of the LMA loan market. However, trends in the drafting of credit agreements have contained a concerning increase in limitations on loan liquidity. As a result, many lenders are finding it difficult to sell their distressed loans. This article explores these trends, as well as their implications on the secondary loan trading market....