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Latham & Watkins Advises Lenders in Financing for IAA, Inc.

April 30, 2021
Finance and tax team represented the lenders in financing for a global digital marketplace connecting vehicle buyers and sellers.

Latham & Watkins represented the lead arrangers and lenders in connection with a US$1,175,000,000 facility for IAA, Inc., a leading global digital marketplace connecting vehicle buyers and sellers, consisting of a US$650,000,000 senior secured term A loan and a US$525,000,000 senior secured revolving credit facility. The proceeds of the new facility were used to refinance existing indebtedness.

New York partner Alfred Xue led the Latham finance team, with counsel Bryce Schunke and associate Natasha Graham. Advice was also provided on tax matters by New York partner Bora Bozkurt, with associate Aaron Bernstein.