USA Trends and Developments
Trends and Developments Contributed by: Stelios G Saffos, Dan Seale, Peter Sluka and Alfred Xue Latham & Watkins LLP Latham & Watkins LLP is ranked in Band 1 in the USA by Chambers and advises sophisticated global direct lenders and private capital providers on hundreds of front-end transactions each year, including first and second-lien, unitranche and mezzanine loans, and preferred equity and other junior capital transac - tions. Latham advises on more lender mandates in EMEA and the US than any other firm. Latham ad - vises across a range of deal sizes stretching from the middle market through the largest and most compli - cated unitranche transactions with multibillion-dollar
deal sizes. Latham’s lawyers regularly design and implement multi-tiered capital structures and solu - tions for clients and handle subordination, security and intercreditor issues, as well as restructurings, equity co-investments, and tax and regulatory mat - ters. Latham’s direct lending and private debt prac - tice draws on a long history of innovation. With more than 200 lawyers in the US and close to 400 globally, the firm advises the most active lenders, funds, credit platforms and investment managers, as well as bor - rowers, on the full range of transactions.
Authors
Stelios G Saffos is global chair of Latham & Watkins’ Capital Markets and Public Company Representation
Peter Sluka is global co-chair of Latham & Watkins’ Hybrid Capital practice. He advises on private debt and alternative capital financings as well as traditional capital markets transactions. Peter represents direct
practices and global chair of the Hybrid Capital practice. He advises leading private equity sponsors, asset managers, financial institutions and companies on investments and financings at all levels of the corporate structure. Stelios has represented sponsors, issuers, direct lenders and underwriters across industries in 1,000+ transactions, including 650+ private credit and hybrid capital transactions, 270+ high-yield offerings, and 225+ IPO and other public equity offerings.
lenders, mezzanine funds, private debt and structured equity providers, and other financial institutions and financial sponsors in complex financing transactions, including unitranche solutions, private second-lien financings, preferred equity and holdco PIK financings, privately placed high-yield notes, convertible debt and equity financings (including PIPEs), growth investments, equity co-investments and special situations. In addition, Peter represents both issuers and financial institutions in traditional public and private capital markets transactions.
Dan Seale is global chair of Latham & Watkins’ Banking & Private Credit practice and represents clients in complex leveraged finance transactions, with a particular focus on acquisition financings. Having
Alfred Xue is global vice chair of Latham & Watkins’ Banking & Private Credit practice and represents clients in complex leveraged finance transactions, with a particular focus on cross-border transactions and
advised on hundreds of transactions over more than two decades, Dan draws on his broad exposure to the global financial markets and its key participants to advise banks, private credit funds and borrowers on large-cap syndicated loans, middle-market loans, unitranche loans, asset-based loans (including FILO and back-leverage financings) and other private credit transactions.
acquisition financings. Over nearly two decades, Alfred has led on hundreds of unitranche, direct lending and syndicated loan transactions with an issuance value exceeding several hundred billion
293 CHAMBERS.COM
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