“Alfred Xue is noted for his strength in handling asset-based financing for both traditional and direct lenders.”
Chambers USA 2022
“He has a strong reputation in the space.”
Chambers USA 2022
“He has a strong work ethic.”
Chambers USA 2022
“He’s client-focused.”
Chambers USA 2022
“He is brilliant — he’s extremely creative and always on top of things.”
Chambers USA 2021
“An early pioneer in the direct lending market and a go-to advisor in the space.”
Private Debt Investor Rising Star Awards 2020 (Lawyers)
Next Generation Partner – Finance: Commercial Lending: Advice to Borrowers and Lenders
The Legal 500 US 2022
Profile
Alfred Xue serves as Global Vice Chair of the firm’s Banking Practice. Mr. Xue is a member of the Private Capital, Banking, Capital Markets, and Restructuring & Special Situations Practices. He represents lead arrangers, direct lenders, and other financial institutions in leveraged finance transactions, with a particular focus on cross-border transactions and acquisition financings.
Mr. Xue's representative clients include various investment banks, direct lenders, leading domestic banks, and leading European financial institutions, including:
Barclays Bank
Citibank
Goldman Sachs
Golub Capital Markets
HPS Investment Partners
Jefferies Finance
JPMorgan Chase Bank
Morgan Stanley
Royal Bank of Canada
He is also a member of Latham’s Finance Department’s Opinions and Confirmations Committee and formerly served on the firm’s Recruiting Committee.
Recognition Highlights
Recognized as Up and Coming for Banking & Finance by Chambers USA 2021-2022
Named a Top 500 Leading Dealmaker in America by LawDragon 2021-2022
Named a Rising Star for Banking by IFLR 1000 2021-2022
Named a Rising Star for Banking by Law360 2020
Named a Rising Star by the New York Law Journal 2019
“Leads complex financings for an exceptional roster of clients around the world” NYLJ Rising Star Awards 2019
Described as “highly rated” and recommended as a Next Generation Partner for Commercial Lending The Legal 500 US 2017-2022
Experience
Mr. Xue's experience includes representing:
Leveraged Finance
Citibank in the US$1 billion term loan facility for Gannett Holdings, an American mass media holding company, to refinance existing debt
Goldman Sachs in the US$4 billion term loans and revolving credit facility in connection with Thoma Bravo's acquisition of RealPage, a global provider of software and data analytics to the real estate industry
Golub Capital Markets in the US$800 million incremental facilities to Diligent in connection with its acquisition of Galvanize and Steele Compliance Solutions
Golub Capital Markets in the term loan and revolving credit facility in connection with Thoma Bravo’s US$405 million acquisition of Calabrio
Golub Capital Markets in the US$185 million term loans and revolving credit facility in connection with GI Partners’ acquisition of Aras
Barclays Bank in the US$1 billion term loan facility for Altium Packaging, a company that develops and manufactures rigid plastic packaging solutions, to refinance existing debt
JP Morgan in the US$1.18 billion amendment to the revolving credit facility for IAA, a company that retails automobiles
Golub Capital Markets, GCI Capital Markets, in the term loan and revolving credit facility in connection with Thoma Bravo's US$330 million acquisition of Majesco
Goldman Sachs and Golub Capital Markets in the term loan and revolving credit facility in connection with Thoma Bravo's acquisition of FairWarning Technologies, a provider of computer programming services, to refinance existing debt
Goldman Sachs in the US$600 million term loan and revolving credit facility for Tutor Perini to refinance existing debt
Goldman Sachs in the US$1.02 billion term loan and revolving credit facility for Netsmart to refinance existing debt
Citibank in the US$4.87 billion term loans and revolving credit facility in connection with Apollo Global Management’s acquisition of Tech Data
Golub Capital Markets in the US$2 billion term loans and revolving credit facility in connection with TA Associates Management’s acquisition of MRI Software
Goldman Sachs in the US$2.08 billion term loans and revolving credit facility in connection with Thoma Bravo’s acquisition of Sophos Group
Golub Capital Markets in the term loan and revolving credit facility in connection with Thoma Bravo’s US$825 million acquisition of Instructure
Citibank in the term loan and revolving credit facility in connection with CCMP Capital Advisors’ US$1 billion acquisition of BGIS, an integrated facilities management company, to refinance existing debt
JP Morgan, Credit Suisse, Barclays, and Citi in the US$10 billion financing package in connection with the acquisition of the Power Solutions business of Johnson Controls
JP Morgan in the US$500 million senior secured notes offering by Clarios Global, one of the world’s leading providers of advanced energy storage solutions
Credit Suisse in a term loan and revolving credit facility, concurrent with an equity offering, in connection with SS&C Technologies’ US$8.2 billion acquisition of DST Systems
Morgan Stanley in a US$970 million term loan and revolving credit facility for 24 Hour Fitness Worldwide
Barclays Bank in a US$525 million term loan and revolving credit facility in connection with EnCap Investments’ acquisition of Oxy Ingleside Energy Center
Citibank in a US$125 million ABL revolving credit facility in connection with Loews Corporation’s acquisition of Consolidated Container Company
Jefferies Finance in a US$1.35 billion term loan and revolving credit facility in connection with Blackstone Capital Partners’ acquisition of EagleClaw Midstream Ventures
North American Bancard in a term loan and revolving credit facility in connection with its acquisition of Total Merchant Services
Royal Bank of Canada in a US$150 million revolving credit facility in connection with RegionalCare Hospital Partners’ acquisition of Capella Healthcare
Credit Suisse in a US$1.7 billion term loan and revolving credit facility in connection with Francisco Partners and Elliot Management’s acquisition of Dell Software Group
Citibank in the US$3 billion term loans and revolving credit facility in connection with CVC Capital Partners Limited and Canada Pension Plan Investment Board’s acquisition of PETCO Animal Supplies
Barclays Bank in a term loan and revolving credit facility for The Hertz Corporation
Citibank in a US$1.75 billion asset based loan for Herc Rentals
Citibank in the US$1.4 billion term loans and revolving credit facility in connection with PQ Corporation’s acquisition of Eco Services Operations
Citibank in a US$2.2 billion term loan and revolving credit facility, concurrent with a US$450 million senior bond offering, in connection with Revlon’s acquisition of Elizabeth Arden
Various mezzanine funds in special situations lending transactions
Direct Lending
Golub Capital in numerous direct lending and unitranche financing transactions
HPS Investment Partners in numerous direct lending and unitranche financing transactions
Other direct lenders and alternative asset managers in direct lending, mezzanine finance, and special situations transactions
Publications
Co-author, “United States Lending & Secured Finance,” The Legal 500 Country Comparative Guides, April 2021-2023
Co-author, “United States Acquisition Finance,” The Legal 500 Country Comparative Guides, January 2023
Co-author, “How to Avoid the Preferred Equity Pitfalls,” Private Debt Investor, July 2022
Co-author, “Five Direct Lending Trends for 2022,” Private Debt Investor, April 2022
Co-author, “Direct Lending,” Private Capital Insights, April 2021
“Expert Q&A on Direct Lending” Thomson Reuters Practical Law, 2017
The ruling, which held that the transaction did not violate the implied covenant of good faith and fair dealing, highlights the importance of carefully drafting lending documents.
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.