Latham & Watkins advises on market-defining private debt transaction
A Latham & Watkins team, led by New York partners Stelios Saffos and Pierre Slukarepresented HPS Investment Partners, LLC in the granting of a US$1 billion senior secured credit facility to Bombardier, a transaction Private Debt Investor (PDI) is among the top 10 most influential private debt deals. PDI said their team, “aided by engagement with market sources, looked at what deals over the past few years have helped shape the asset class.”
PDI said that “HPS Direct Lending’s investment in Bombardier arguably demonstrates the power of a large-scale lending platform with a track record of unsponsored financing and complex, cross-jurisdictional structuring.”
New York partners Stelios Saffos and Peter Sluka led the Latham team which represented HPS in the transaction, along with partner Simon Cooke. Advice was also provided on structured finance matters by New York partner Graeme Smyth, with associate Sam Kwak; on warranty and security issues by New York partners Eugene Mazzaro and Conray Tseng, with associate Jonathan Goldberg; on German business and finance issues by Hamburg partner Torsten Vokholz with associate Jan Heuer; and on tax matters by New York partner Jocelyn Noll.
Latham’s World direct lending and private debt practice advises the most active lenders, funds, credit platforms and investment managers, as well as borrowers, across the full range of transactions, from middle market to large caps. Latham is lead counsel for direct lenders in the United States for the first half of 2022, according to Direct loan agreements.