Morrison Foerster Adds Davies as Finance Partner

Tammy C. Davies joined law firm Morrison Foerster as a partner in the firm’s finance group, based in its New York office. Davies brings to the firm experience representing alternative lenders and investors in complex credit arrangements._x000D_
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Davies joined Morrison Foerster from another global firm, where she was a member of the alternative lender and private credit and special situations groups. Davies’ practice focuses on alternative lending, including financings with a junior capital component or multiple tranches of debt. Her experience encompasses a wide range of financing facilities, including mezzanine debt, second-lien loans and bifurcated unitranche facilities, in the context of both U.S. and cross-border strategic and sponsor-backed leveraged buyouts, recapitalizations, opportunistic credits and debt restructurings. Davies advises clients across a broad array of industries, including technology, healthcare, pharmaceuticals, retail, media, gaming, manufacturing and financial services._x000D_
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“Tammy is a superb lawyer and an excellent addition to our Finance practice and our firm,” Darío Avram, co-chair of the finance group at Morrison Foerster, said. “We are excited to add Tammy’s significant experience to our growing direct lending practice, and we expect to generate a number of synergies with our Business Restructuring + Insolvency and Special Situations practices, among others.”_x000D_
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“Tammy’s addition underscores our commitment to growing our global Finance team, and in particular, the investment in our middle-market direct lending practice,” Yemi Tépé, also co-chair of Morrison Foerster’s Finance Group, said. “Her entrepreneurial and collaborative approach will make her an excellent complement to our existing New York Finance team.”_x000D_
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Some of Davies’ representative matters include advising the agent and lenders in connection with a multi-jurisdictional second lien loan facility and preference share instrument issued in connection with the $4.3 billion acquisition of a NYSE-listed education company; representing the agent and “last-out” lenders in a $190 million bifurcated unitranche term facility in connection with the sponsor-backed acquisition of a personal care product manufacturer; advising the agent and lender in a $115 million first lien asset-backed revolving loan facility to an aerospace manufacturing company; and representing the agent and lender in connection with the structuring of a highly bespoke $70 million accounts receivable facility for a global manufacturer of engineered automotive systems._x000D_
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“Given the firm’s globally recognized reputation for developing innovative financing structures, MoFo is uniquely positioned to service the dynamic expansion and diversification of private credit in the middle market,” Davies said. “I am thrilled to be joining MoFo’s energetic and exceptionally collaborative global finance team and look forward to leveraging MoFo’s deep capabilities and creativity in supporting our clients in their credit investments.”