Latham & Watkins Archives - Page 4 of 7

Latham & Watkins Advises Searchlight Capital Partners in $150MM MediaMath Recapitalization

Latham & Watkins represents Searchlight Capital Partners in the comprehensive $150 million recapitalization transaction of MediaMath.

U.S. Bankruptcy Court Confirms Mallinckrodt’s Plan of Reorganization

The U.S. Bankruptcy Court for the District of Delaware confirmed Mallinckrodt’s plan of reorganization, paving the way for the company to begin the next stage in its reorganization process.

BofA Securities Supports Platinum Equity’s Acquisition of Pelican Products

Platinum Equity completed its acquisition of Pelican Products, a designer and manufacturer of protective cases and gear for outdoor enthusiasts and supply chain solutions for the healthcare industry. BofA Securities was the lead underwriter for debt financing in support of the transaction.

SLR Capital Partners Provides $225MM Term Loan to Arcutis Biotherapeutics

Arcutis Biotherapeutics, a late-stage biopharmaceutical company focused on developing innovations in immuno-dermatology, obtained a $225 million term loan facility from funds managed by SLR Capital Partners.

Morgan Stanley Serves as Placement Agent on $750MM Credit Facility for BridgeBio Pharma

BridgeBio Pharma, a commercial-stage biopharmaceutical company focused on genetic diseases and cancers, executed a definitive credit facility agreement with a syndicate of lenders for up to $750 million in financing. Morgan Stanley acted as the sole placement agent to BridgeBio on this transaction.

November 19, 2021 Andrew Lo | Brian Stephenson | BridgeBio Pharma | Latham & Watkins | Morgan Stanley Ian Koplin

KKR and Callodine Commercial Finance Support Durational Capital Management’s Acquisition of Casper

Casper Sleep entered into a definitive agreement to be acquired by Durational Capital Management. KKR Credit and Callodine Commercial committed debt financing to Durational Capital Management to support the acquisition.

J.P. Morgan Provides Global Credit Facility to Ecobat

Ecobat entered a new five-year upsized global funding facility led by J.P. Morgan. The facility was established by a syndicate of lending institutions, for which J.P. Morgan acted as administrative agent.

November 9, 2021 Ecobat | Jimmy R. Herring | Latham & Watkins | Tags: J.P. Morgan | White & Case Rita Garwood

Apollo and MidCap Support Bird Rides’ Combination with Switchback II

Bird Rides completed its business combination with Switchback II Corporation. The combined company received $414 million in incremental liquidity, including availability under Bird’s credit facility with Apollo Investment and MidCap Financial Trust.

JPMorgan Chase Provides Financing to Support Intuit’s Acquisition of Mailchimp

Intuit acquired Mailchimp for approximately $5.7 billion in cash as well as stock considerations. Intuit partially funded the cash consideration through a $4.7 billion term loan under a new credit agreement. According to an 8K, JPMorgan Chase served as administrative agent for the agreement.

Ares Capital Management Provides $1.8B Credit Facility to Dye & Durham

Dye & Durham entered into an approximately $1.8 billion committed senior secured credit facility. Ares Capital Management acted as administrative agent and lead arranger with respect to the new facility.

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