Latham & Watkins Advises Lyft in Debt Financing of US$420 Million

Lyft, Inc. (Nasdaq: LYFT) has announced that it entered into a Revolving Credit Agreement which provides the company with a senior secured revolving credit facility in an aggregate principal amount of US$420 million.

Latham & Watkins LLP represented Lyft in the transaction with a team led by Bay Area/Los Angeles partner Elizabeth Oh and Bay Area partner Haim Zaltzman, with Los Angeles associates Katherine Webb and Rychelle Andersen. Advice was also provided on convertible debt matters by Los Angeles partner Arash Aminian Baghai, New York partner Reza Mojtabaee-Zamani, with New York associate Andrew Blumenthal; on benefits and compensation matters by Bay Area partner Jay Metz, with associate Chicago Tal Simon; on intellectual property matters by Bay Area counsel Arielle Singh; on corporate matters by Century City associate Tiffany Taubman; on tax matters by Los Angeles partner Eric Cho with associate Kathryn Harrington; and on security matters by Los Angeles counsel Emily Leong Yu.