Latham Advises on Private Credit Financing for ContextLogic’s Completed Acquisition of US Salt From Emerald Lake

ContextLogic Holdings Inc. (OTCQB: LOGC) has announced the successful completion of its acquisition of US Salt Parent Holdings, LLC and its subsidiaries from private equity funds managed by Emerald Lake Capital Management in a transaction that valued US Salt at an enterprise value of approximately US$907.5 million.

Latham & Watkins LLP represented Blackstone Credit & Insurance and the other financing sources supporting the acquisition with a team led by partners Stelios Saffos, Peter Sluka, Dan Seale, and Mike Waldman, and counsel Katherine Page, with associate Jason Wang. Advice was also provided on tax matters by partner Bora Bozkurt, with associate Farrah Yan.