Priya Taneja

Overview

Priya Taneja is a senior lawyer in debt finance, restructuring and impact finance, and leads a thriving corporate trust practice known for handling some of the most complex and high-profile mandates in the market.

Priya advises issuers, trustees and agents, servicers, and corporate service providers on a wide range of matters including high-yield transactions, securitisations, CLOs, and MTN programmes – from new money deals to restructurings, cross-border defaults and enforcements, liability management exercises, and litigation. Priya leads a best-in-class team known for delivering strategic, practical solutions in high-stakes situations. Under her leadership, the corporate trust practice has become a go-to and trusted partner for clients and counterparties navigating complex financings and distressed scenarios. The team highly valued by clients and peers alike for its depth, responsiveness, commercial insight, and unwavering commitment to getting deals done – always with a focus on achieving outcomes that work for all parties.

Priya also plays a key role in the firm’s global India strategy. McDermott Will & Schulte is active on international matters involving Indian clients and counterparties, including cross-border corporate, M&A, private equity, tax, litigation and arbitration, white collar investigations, regulatory, finance, and restructuring work. As a core member of the India desk, Priya is a primary contact for clients and law firms seeking to collaborate on international matters involving India.

Results

DCM, Structured Finance & Restructuring

Advised Citibank and GLAS across all their respective bond, bank and restructuring side roles in relation to the recapitalisation of the Lowell group
Advised U.S. Bank with respect to the iQera Group’s restructuring from a French, English and NY law perspective supporting deal parties and advising U.S. Bank as trustee, security agent and facility agent.
Represented Kroll and GLAS in relation to Intrum AB’s ongoing Chapter 11 proceedings and Swedish reorganisation process
Advised the security agent and bridge notes trustee in relation to a complex restructuring for Frigoglass S.A.I.C. The transaction involved a consensual restructuring across a committee of the holders of Frigoglass’ €260 million senior secured notes due 2025 with the support of its major indirect shareholder, Truad Verwaltungs A.G and was implemented by way of a security enforcement process, including a Dutch law share pledge enforcement following Dutch court approval.

Advised a major corporate trust house in all its corporate trust roles, in relation to Nostrum Oil &Gas PLC’s financial restructuring. The transaction was implemented by way of an English law scheme of arrangement and remains one of a few English law schemes, run through The Depository Trust Company in relation to USD high yield bonds.
Advised a corporate service provider as property nominees in relation to a underlying sale and leaseback securitisations, specifically with respect to the sale of 21 stores for a major retail supermarket in the UK.
Advised the issuer across eight pre-2008 legacy Lehman Brothers Japanese apartment loan securitizations, in relation to the transition from Yen Libor to the Tokyo Term Risk Free Rate.
Acted for two major corporate trust banks in relation to a complex corporate merger and reorganization between Aker BP and Lundin Energy.
Advising the trustee, security agent, facility agent, paying agent, registrar and transfer agent, in relation to a PIK notes debt issuance, a FRN issuance and super senior facility for a leading drilling, engineering and technology company.
Advised the trustee in relation to one of the largest financial, debt and corporate restructurings for Naviera Armas, S.A. and its subsidiaries (c. EUR 1 billion). The complex cross-border restructuring was implemented in pursuant to a Spanish law homologación judicial (effectively a Spanish scheme of arrangement).
Advised the trustee in relation to Swissport’s financial restructuring and recapitalization. The restructuring was implemented by way of a debt-for-equity swap and facilitated by an English law scheme of arrangement and a pre-packaged sale of the Swissport business out of an English administration.
Represented the collateral agent and administrative agent in relation to a USD 2 billion senior secured term loan facility, the largest term loan B facility in Asia’s technology sector.
Advising the trustee, security agent, paying agent, registrar and transfer agent with respect to Var Energi’s high yield offering of its US $1,000,000,0001 billion 7.5% Senior Notes due 2028 and its US $1,000,000,000 8.0% senior notes due 2032.
Advised the fiscal agent, paying agent and transfer agent in relation to a EUR 1.765 billion multi-tranche bond transaction. In parallel, we advised Deutsche Bank Trust Company Americas in its capacity as trustee and paying agent, with regard to a 144A high yield bond issuance, with the proceeds of both issuances being applied towards an acquisition.*
Advised a global corporate trustee with regard to a complex bond issuance constituting an initial English law structured PIK issuance in order for the issuer to raise sufficient funds as part of its capital structure to bridge certain equity in order to complete an acquisition.*
Acted as English counsel advising a hedge fund with respect to the financial restructuring of Aldel, an aluminum plant based in the Netherlands.*

Impact Finance

Advised The United Nations High Commissioner for Refugees in relation to a $500 million Shariah compliant global fund to address the developmental and humanitarian needs of millions of forcibly displaced people.
Advised the British Asian Trust in relation to the design and structuring of the first of its kind impact bond for improving the skills of young Indians and addressing the youth employment crisis, specifically that for young women
Advised The Education Outcome Fund and UNICEF in setting up a joint fund structure, which involved the complexities around alignment between the outcomes-based model in relation to EOF’s underlying education programs in various jurisdictions and conforming the contractual structure to the fund establishment within the composition of UNICEF.
Advised the Palladium Group and the UBS Optimus Foundation on the structuring and legal aspects of the Utkrisht Bond, the world’s first and largest healthcare development impact bond, aimed at reducing mother and baby mortality in Rajasthan, India*
Advised the British Asian Trust in relation to the Quality Education impact bond*
Advised on a social impact bond in relation to the PAUSE programme in Derbyshire, United Kingdom*
Advised on the Educate Girls development impact bond, which was the first cross-border development impact bond targeting the education of children in Rajasthan*

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