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Latham & Watkins Advises SLR Investment Corp. in Debt Facility for Vapotherm

March 17, 2022
New US$125 million five-year term debt facility includes US$100 million drawn at closing and US$25 million available in 2023.

Vapotherm, Inc., a global medical technology company focused on the development and commercialization of non-invasive technologies for respiratory support of patients with chronic or acute breathing disorders, has announced the successful closing of a new US$125 million five-year term debt facility with US $100 million drawn at closing and US$25 million available in 2023 (upon the achievement of a revenue milestone) provided by SLR Investment Corp. and funds managed by SLR Investment Corp.

Latham & Watkins LLP represents SLR Investment Corp. in the transaction with a deal team led by Bay Area finance partners Haim Zaltzman and Dan Van Fleet, with New York associate Daniel Ovadia. Advice has also been provided on corporate matters by Bay Area partner Jim Morrone, Los Angeles counsel Scott French and Los Angeles associate Sharon Nyakundi on regulatory matters by Washington, D.C. associate Chad Jennings; and on tax matters by Los Angeles partner Eric Cho and New York associate Sam Yang.