Latham’s Liability Management practice serves companies, company sponsors, as well as creditors and investors, facing complex financial situations in which traditional refinancing or capital raising fail to meet a company’s needs. We routinely work with clients preparing for challenging debt maturity events and liquidity issues, or who need to find creative solutions to manage their financial obligations. Our deep experience advising clients on both sides of the negotiating table helps us address the needs of all parties involved, fostering trust and collaboration to reduce the risk of disputes and achieve the best possible outcome.

We focus on developing innovative strategies to help clients navigate financial distress. We work closely with existing lenders to find mutually beneficial solutions. We employ a variety of sophisticated structures and strategies to manage liabilities effectively to help keep clients out of court, achieve quicker resolutions, and allow clients to focus on their core business operations.

We have helped issuers manage trillions of dollars of debt through a range of liability management transactions, including:

• Debt repurchases
• Up-tier exchange offers
• Tender offers
• Drop-down transactions
• Double-dip transactions
• Consent solicitations
• Amendments
• Refinancings

Our success in liability management is rooted in our unparalleled expertise and resources across practice areas, including capital markets, private capital, banking, and M&A. We bring a deep understanding of financial products and market practice, navigating complex financial documents with surgical precision. Our ability to adapt and provide tailored solutions to avoid litigation in the midst of fluid and rapidly changing situations sets Latham apart. In the event negotiations do lead to disputes, we can call on our world-class litigation colleagues to resolve difficult situations.

Latham’s strong relationships with lenders and other financial stakeholders helps us build a shared commitment to finding workable solutions for all parties involved. We help identify potential problems early, so companies and creditors can address them efficiently and cooperatively. We help clients stay ahead of the curve, so they can avoid the pitfalls of financial distress and achieve their strategic objectives.

The firm’s deep experience, comprehensive resources, and proactive approach make us the go-to firm for companies seeking effective liability management solutions. We are committed to delivering bespoke, non-conventional solutions that maximize value and preserve equity, ensuring our clients can navigate their financial challenges with confidence and success.