Latham Represents Vroom in Successful Recapitalization

Vroom, Inc., a leading automotive finance company and a data, AI-powered analytics and digital services platform supporting the automotive industry, has announced that as of January 14, 2025, it has successfully completed its recapitalization of unsecured convertible senior notes and emerged from the prepackaged Chapter 11 case it voluntarily filed in the United States Bankruptcy Court for the Southern District of Texas.

Latham & Watkins LLP represented Vroom in the transaction, with a restructuring and special situations team led by New York partners George Davis, David Hammerman, Anu Yerramalli, and counsel Hugh Murtagh, with associates Brian Rosen, Ali Zablocki, Thomas Fafara, Alexandra Lisner, Alex McKenzie, Skye Lee, and Richard Cantoral. Advice was provided on corporate matters by New York partners Ian Schuman, John Slater, and Gail Neely, with associates Sofia Sitterson, Justin Reinking, and Armaan Bhimani; on insurance matters by San Diego partner Drew Gardiner, with associate John Niemeyer; on employee benefits matters by Bay Area partner Maj Vaseghi, with associate Alisa Hand; on tax matters by Chicago partner Joseph Kronsnoble, with associates Lukas Kutilek and Jay Khurana; on public company representation matters by New York partner Dennis Craythorn, with associates Naseem Faqihi Alawadhi and Hamna Ahmad; and on litigation matters by New York partner Jason Hegt.