Private Credit Associate

Buchanan; New York (NY); On-site; USD 235,000 - 435,000; Full time

Job summary

Buchanan in New York is seeking a Private Credit Associate to join its leveraged finance practice. The role offers exposure to senior secured, unitranche, mezzanine, and complex credit structures, working with sponsors, funds, and direct lenders on a broad range of financing transactions.

Ideal candidates have 3–8+ years in leveraged finance at a top law firm, strong credit agreement drafting skills, and NY Bar admission.

Qualifications

• 3–8+ years’ experience in leveraged finance or private credit at a top US or international law firm.
• Strong experience drafting and negotiating credit agreements.
• Familiarity with sponsor-backed transactions.
• Experience representing private debt funds or direct lenders preferred.
• Solid understanding of capital structures and intercreditor issues.
• Admission to the New York Bar.

Responsibilities

• Senior secured and unitranche financings
• Mezzanine and subordinated debt transactions
• Holdco and PIK facilities
• Asset-based and NAV financings
• Refinancings and recapitalisations
• Intercreditor arrangements and covenant negotiations
• Drafting and negotiating credit agreements and related documentation, managing due diligence, and working directly with clients and opposing counsel.
• The team works closely with the firm’s private equity, restructuring, and fund finance practices.

Skills

Leveraged finance

Private credit

Credit agreements

Sponsor-backed transactions

Law firm experience

Job description

Overview

A leading US law firm is looking for a Private Credit Associate to join its New York office. The team advises private debt funds, direct lenders, and alternative asset managers on a broad range of credit and financing transactions. This is a strong platform for associates who want consistent exposure to sponsor-backed deals and complex credit structures within an established private capital practice.

Responsibilities

• Senior secured and unitranche financings
• Mezzanine and subordinated debt transactions
• Holdco and PIK facilities
• Asset-based and NAV financings
• Refinancings and recapitalisations
• Intercreditor arrangements and covenant negotiations
• The role includes drafting and negotiating credit agreements and related documentation, managing due diligence, and working directly with clients and opposing counsel.
• The team works closely with the firm’s private equity, restructuring, and fund finance practices.

About You

• 3–8+ years’ experience in leveraged finance or private credit at a top US or international law firm
• Strong experience drafting and negotiating credit agreements
• Familiarity with sponsor-backed transactions
• Experience representing private debt funds or direct lenders preferred
• Solid understanding of capital structures and intercreditor issues
• Admission to the New York Bar

Why Apply?

• Consistent deal flow in the private credit market
• Direct exposure to leading credit funds
• Lean teams with meaningful responsibility
• Clear progression opportunities
• Competitive compensation in line with the Cravath scale ($235,000–$435,000 depending on seniority)