Mike Jiang

Mike’s experience includes advising corporate issuers and borrowers, underwriters and financial institutions in the following selected transactions:

Liability Management Transactions

• Neiman Marcus in its offer to exchange $1.09 billion of senior secured notes for newly issued notes and cash consideration, along with a concurrent consent solicitation to amend the indenture governing the outstanding notes*
• Bed Bath & Beyond in a series of distressed financing transactions, including an underwritten public offering of $225 million of equity derivatives securities, a rescission of an existing acceleration and waiver of certain defaults under its credit agreement, and an additional $100 million of first-in, last-out (FILO) loans*
• Rite Aid in connection with various distressed financings and chapter 11 emergence transactions, including the issuance of floating-rate senior secured PIK notes and third-priority senior secured PIK notes pursuant to Section 1145 of the Bankruptcy Code*
• Greenoaks and Coupang in their $500 million bridge loan facility and transaction support agreement with Farfetch*
• ATI Physical Therapy in its offer to exchange existing term loans for the issuance of $100 million of convertible senior secured second-lien PIK notes and a $25 million delayed- draw commitment for additional notes*
• Avaya in its private placement of $250 million of exchangeable senior secured notes and concurrent repurchase of outstanding convertible senior notes*
• A North American mining company in its concurrent consent solicitation to effect amendments to its indenture and a Section 4(a)(2) private placement of PIK notes*

High-Yield Debt Offerings

• Tempur Sealy in its $800 million senior notes offering*
• Cleveland-Cliffs in its $750 million senior notes offering*
• Vista Global in its $500 million senior notes offering*
• Multi-Color in its $700 million first-lien senior secured notes offering*
• GardaWorld in its $779 million senior notes offering*
• Hilton in notes offering totaling more than $1.9 billion*
• Crown European Holdings in its €550 million senior notes offering*
• Concrete Pumping Holdings in its $375 million senior secured second-lien notes offering*
• Installed Building Products in its $300 million senior notes offering*
• TopBuild in its $500 million senior notes offering*
• Bausch Health in  notes offering totaling more than $2.5 billion*
• IQVIA in notes offering totaling more than $1.5 billion*
• Allied Universal in its $1.0 billion first-lien senior secured notes offering*
• Charter Communications in notes offering totaling more than $5.0 billion
• Olin Corporation in its $500 million senior notes offering*
• Calpine in its $650 million first-lien senior secured notes offering*
• PS Logistics in its $300 million senior notes offering*
• Norwegian Cruise Line in its $850 million senior notes offering*

Initial Public Offerings and Equity Capital Markets Transactions

• Privia Health in its initial public offering, including a concurrent private placement to Elevance Health*
• Krispy Kreme in its initial public offering*
• Immunocore in its initial public offering*
• MercadoLibre in its $1.5 billion SEC-registered follow-on offering of common stock*
• Payoneer Global in its $3.3 billion business combination with FTAC Olympus Acquisition Corp., including a $300 million PIPE*
• Marex Group in its initial public offering*
• AgileThought in its $482 million business combination with LIV Capital, including a $43 million PIPE*
• Privia Health in its follow-on offerings, WKSI shelf registration, and shelf takedowns*
• Southwest Gas in its $247 million public offering of common stock*
• Paya Holdings in its $250 million public offering of common stock*
• Forterra in its $135 million public offering of common stock*
• Fortress Net Lease REIT and Fortress Credit Realty Income Trust, affiliates of Fortress Investment Group LLC, in connection with their respective registrations under the Exchange Act*

*Matter handled prior to joining Latham