Latham & Watkins Advises Financing Sources on US$300 Million Credit Facility for Perk, a Leading AI-Native Travel and Payments Platform

Perk (formerly TravelPerk), the AI-native travel and spend management platform, has announced the close of a US$300 million private credit facility led by Neuberger Speciality Finance, alongside Blue Owl Capital Inc. (NYSE: OWL), Hercules Capital Inc. (NYSE: HTGC), and Liquidity. The facility upsizes and replaces Perk's 2024 credit facility on materially improved terms.

Latham & Watkins LLP advised the lenders on the transaction with a corporate team led by partner Haim Zaltzman and counsel Benjamin Gelfand, with associates Amanda Mitchell and Sarineh Khachikian. Advice was also provided on US tax matters by partner Katharine Moir; on UK tax matters by partner Karl Mah and counsel Lina Le Roux, with associate Ruby Wong; on UK corporate matters by partner Paul Yin, with associates Liam Feng and Hue Pham; on Spain corporate matters by counsel Luis Sánchez, with associates Jaime Grau and Lourdes Rincón; and on US corporate matters by partner Jim Morrone.