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Latham Represents Lenders in US$1.015 Billion Refinancing Transaction for Netsmart Technologies

October 1, 2020
Finance team advises lenders in refinancing transaction for leading human services and post-acute technology provider.

Netsmart Technologies, a leading human services and post-acute technology provider that is backed by GI Partners and TA Associates, has completed a US$1.015 billion refinancing transaction, consisting of a new US$100 million revolving credit facility and US$915 million term loan facility. Proceeds were used to refinance the company's existing revolving credit facility, first lien term loan facility, and second lien term loan facility.

Latham & Watkins advised a syndicate of international investment banks and direct lenders led by Goldman Sachs on the new senior secured credit facilities.

New York finance partner Alfred Xue led the Latham team that represented the Goldman Sachs-led lender group in the financing, with associates Jonathan Goldberg, Morgan Maguire, and Angelika Ishkhanyan. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with associate Sam Yang.