McGuireWoods was nominated for the International Financial Law Review’s debt and equity-linked “Deal
of Year” for its role advising Bank of America in the issuance of a
groundbreaking corporate social bond to support the fight against the
COVID-19 pandemic. The deal was among the debt and equity-linked
transactions named to the shortlist in the
IFLR Americas Awards 2021.
The awards recognize the most innovative cross-border transactions that
closed in 2020, spotlighting deals that broke new legal ground, introduced
novel structures and instruments, and set useful precedents for
McGuireWoods’ securities and capital markets lawyers advised Bank of
America in its issuance of a $1 billion corporate social bond to combat
COVID-19 — the first such offering by a U.S. commercial bank. Proceeds from
the offering are allocated to healthcare industry lending from Bank of
America’s Global Commercial Bank, specifically not-for-profit hospitals,
skilled nursing facilities, and manufacturers of healthcare equipment and
“We were proud to assist Bank of America in this important effort, and we
are grateful to be recognized for that work,” said
Richard W. Viola, deputy managing partner of the firm’s corporate practice.
One of the world’s pre-eminent banking and finance law firms, McGuireWoods
has distinguished itself with creative approaches to helping clients
navigate the challenges of the COVID-19 pandemic. Law360 cited the
firm’s role in the Bank of America social bond as one example of the firm’s
industry-leading work when it named McGuireWoods a
Banking Practice Group of the Year for 2020.
In addition, the firm consistently ranks among the leaders for advising
corporate issuers and underwriters in U.S. capital markets transactions and
has earned global recognition for its work representing clients in
corporate and securities matters.