Latham Represents HPS and Ares in GMR Solutions’ Private Placement Financing and Margin Loan Transactions

In connection with GMR Solutions Inc.’s (the company or GMR) initial public offering, affiliates of HPS Investment Partners, LLC (HPS) and Ares Management LLC (Ares) entered into margin loan transactions, the proceeds of which are expected to be used to finance HPS’s and Ares’s respective investments in private placement warrants issued by GMR. Additionally, GMR intends to use certain of the proceeds from the initial public offering to redeem in full shares of preferred stock of the company held by HPS and Ares. The margin loan and private placement transactions are expected to close on May 15, 2026, subject to customary closing conditions. GMR intends to use the proceeds of the private placement to repay certain of GMR’s outstanding indebtedness.

Latham & Watkins LLP represented HPS and Ares in the transactions with a team led by partners Stelios Saffos and Peter Sluka, Global Co-Chairs of Latham’s Hybrid Capital Practice, and partner Andrew Blumenthal, with associates Claire Solimine, Adam Weber, Radley Gillis, and Gordon Wilford. Advice was also provided on derivative and finance matters by partners Reza Mojtabaee-Zamani and Eric Rice, with associates Ariel Robbins-Rothman, Helen Liu, and Julias Ma; on public company and beneficial ownership matters by partner William Hackett; on tax matters by partners Pardis Zomorodi and Elena Romanova; and on securities matters by partners Laura Ferrell and Jennifer Tian.