Latham & Watkins Advises on Market-Defining Private Debt Transaction

A Latham & Watkins team, led by New York partners Stelios Saffos and Peter Sluka, represented HPS Investment Partners, LLC in providing a US$1 billion senior secured credit facility to Bombardier, a transaction Private Debt Investor (PDI) has named among private debt’s top 10 defining deals. PDI said their team, “aided by engagement with market sources, considered which transactions completed in the past few years have helped shape the asset class.”

PDI said that “the investment in Bombardier by HPS Direct Lending arguably shows the power of a scaled credit platform with experience of non-sponsored financing and complex, cross-jurisdictional structuring.”

New York partners Stelios Saffos and Peter Sluka led the Latham team that represented HPS in the transaction, with associate Simon Cooke. Advice was also provided on structured finance matters by New York partner Graeme Smyth, with associate Sam Kwak; on collateral and security matters by New York partners Eugene Mazzaro and Conray Tseng, with associate Jonathan Goldberg; on German corporate and finance matters by Hamburg partner Torsten Vokholz, with associate Jan Heuer; and on tax matters by New York partner Jocelyn Noll.

Latham’s global direct lending and private debt practice advises the most active lenders, funds, credit platforms, and investment managers, as well as borrowers, in the full range of transactions — from the middle market to large-cap. Latham is the #1 US direct lending lender legal advisor for the first half of 2022, according to Direct Lending Deals.