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Latham & Watkins Advises Goldman Sachs on US$150 Million Receivables Warehouse Facility for Splitit

February 9, 2021
London finance team counsels global investment bank on three-year revolving funding facility for global payment solutions provider.

Latham & Watkins advised Goldman Sachs Bank USA on its US$150 million receivables funding facility for Splitit Payments Limited (Splitit), a global payment solutions provider. The new three-year revolving facility is twice the size of Splitit’s existing credit facilities, supporting its US and European growth.

The Latham team was led by London finance counsel Tom Cochran, advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, London partner Karl Mah and associate Ed Moberly;  on US structured finance matters by New York partner Graeme Smyth and Washington, D.C. counsel Brett Ackerman; on UK regulation by London associates Becky Critchley and Denisa Odendaal; on German regulation by Frankfurt partner Axel Schiemann; on data privacy by London partner Gail Crawford and associate Lucy Tucker; on technology transaction matters by London partner Christian McDermott; and on UK structured finance by London associates Jonathan Lauras and Alima Laminu.