Latham & Watkins leverages a portfolio of market-leading investment funds, direct lenders, private credit providers and investors to operate in significant domestic and international financing transactions. The team routinely advises on the full spectrum of private credit transactions, including unitranche, multilien, mezzanine, bridge, holdco and hybrid capital financing. The team is jointly headed by its senior partners, which includes Daniel Seale in New York, who handles asset-based loans, unitranche and other transactions for private credit providers. Alongside Seale, Alfred Xue is well-regarded for his expertise in cross-border transactions, encompassing credit facilities over multiple jurisdictions. Stelios Saffos, operating from New York, is a key member of the team for mezzanine and bridge financing, while Peter Sluka is a go-to destination for second lien and special situation financing. Jason Bosworth heads the Los Angeles practice, while Michael Waldman is a key member of the team for asset-based loans pertaining to the healthcare, pharmaceutical and technology sectors. Chicago-based John Lister is also a key operator in recapitalization and restructuring for direct lenders.
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Accolades

Client satisfaction: Sector knowledge
Client satisfaction: NPS ®

Key clients

  • Antares Capital
  • Audax Private Debt
  • Apollo
  • Ares Capital
  • Blackstone Credit
  • Blue Owl Credit Advisors
  • Bracebridge Capital
  • Carlyle Global Credit
  • HPS Investment Partners
  • Goldman Sachs Asset Management
  • Golub Capital
  • KKR Credit

Work highlights

Advised on the financing of the $23.7 billion acquisition of Walgreens Boots Alliance’s (WBA) by Sycamore Partners.
Advised HPS Investment Partners on Consumer Cellular'srefinancing of $3,425 billion credit facility. This refinancing consists of a unitranche debt, joined by 15 other private credit lenders. The transaction involved a $3.4bn term loan, a $200m revolving credit facility, and $525m in preferred equity.
Represented KKR, Blackstone, Golub, and HPS, among other private credit financing sources, in the recapitalization of Flexera Software.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Leading Individuals

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Next Generation Partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

Stelios Saffos; Daniel Seale; Peter Sluka; Alfred Xue; Jason Bosworth

Other key lawyers

Michael Waldman; John Lister