Thomas William Cochran

Tom’s transactional experience includes advising:

European Experience

Infrastructure/Project Loans

• Ares Alternative Credit on its US$2 billion commitment to Eni, the Italian Energy Group, as part of a long-term partnership agreement concerning a portfolio of upstream infrastructure
• Ares Alternative Credit on its strategic collaboration and partnership with ABN AMRO in relation to a €1.3 billion loan portfolio
• A number of institutions/funds on back-leverage single asset financings of infrastructure loans

RMBS / Mortgage Loans

• Goldman Sachs as arranger on multiple Rule 144A/Reg S Spanish RMBS public securitisations, including PRPM Fundido 2025-1, PRPM Fundido 2025-2, and Ronda RMBS 2025
• A private credit fund in connection with multiple “forward flow” private securitizations of bridging and development mortgage loans and negotiation of back leverage.
• J.P.Morgan as arranger of a bridging loan securitisation established for the benefit of ENRA
• J.P.Morgan as a arranger of a £200 million securitisation of bridging and development loans for the benefit of MSP Capital 
• The arrangers on the wholesale restructuring and refinancing of a £400 million private securitization of UK second-lien residential mortgage loans
• Goldman Sachs on its proposed purchase of a €3 billion portfolio of Spanish residential mortgage loans known as Project Prometeo
• On other portfolio acquisitions of residential mortgage loans and unsecured personal loans (including, through portfolio call options) and associated bridge financing and/or follow-on or “exit” securitization transactions

NPLs

• Lowell, a leading European non-performing debt purchaser, in connection with its “Wolf” NPL programme and its restructuring in 2025
• Christofferson Robb & Company on the purchase and financing of a French NPL portfolio from Credit Logement
• On the establishment of an NPL joint venture platform for a European credit management specialist and third-party investor, as well as multiple private securitizations of unsecured NPLs

Auto Finance

• Startline Motor Finance on its UK STS and London-listed auto-loan public securitizations, Satus 2024-1, and Satus 2026-1
• A leading financial institution on the arrangement of a securitisation to fund the origination of high-end UK auto finance receivables, involving an innovative dual STS/non-STS structure
• J.P. Morgan on a €180 million auto-lease securitization for Autohellas, the largest national franchisee of Hertz International
• On behalf of leading international banks in connection with a number of UK and South African auto-loan and lease securitizations 

Unsecured Consumer Credit / SME Finance

• J.P. Morgan on a £300 million securitization of unsecured salary-deduction loans originated by Salary Finance
• J.P. Morgan on a SEK2 billion securitization of Swedish personal loans originated by Resurs Bank
• J.P. Morgan on a £142 million securitisation of UK personal loans for Oakbrook Finance
• YouLend, a merchant cash advance business, on a UK private securitisation
• Goldman Sachs on its US$150 million receivables securitization for Splitit, a buy now, pay later provider
• On a range of other private personal loan/credit securitizations in the UK, Spain, Sweden, Finland, and other European jurisdictions

Credit Cards

• J.P. Morgan in connection with a £200 million securitization of credit card receivables originated by New Wave Capital (trading as Capital on Tap)
• KKR in respect of financing arrangements relating to the purchase of a £500 million credit card portfolio by Jaja, a UK FinTech lender
• On a number of other private credit card securitizations, including in the UK and Greece

Esoteric / Other Experience

• J.P. Morgan on its joint venture with Quilam Capital to provide senior financing to the UK and European non-bank specialty finance sectors
• Barclays on a novel £700 million financing backed by Supplier of Last Resort energy-related receivables originated by Octopus Energy
• Blackstone and others on a number of music royalty-backed securitizations
• A leading financial institution on an asset-based loan collateralised by a securitization equity tranche
• J.P. Morgan as the arranger of a first-of-its-kind €150 million energy receivables securitization established for Public Power Corporation (PPC)
• DE Shaw on its mezzanine investment in an innovative private financing/securitization for Casavo S.p.A, an Italian PropTech firm 
• On the structuring and regulatory advice for CLOs and CLO risk retention vehicles 
• On delivering global trade receivables securitizations for large chemicals groups*, various commodity traders*, and a global shipping group (with experience in over 30 jurisdictions)
• On the wholesale restructuring of a European bank’s ABCP conduit program* 
• On a range of matters relating to certain central bank funding facilities available under the Bank of England’s Sterling Monetary Framework* 

Middle Eastern Experience

• RIZE, a proptech company that enables customers to split their rent into flexible monthly payments in KSA, on a US$50 million asset-backed facility
• SILQ, the Saudi B2B e-commerce and fintech platform, on a US$75 million Shariah-compliant financing facility from Fasanara Capital
• EvolutionX on its US$50 million investment in the Gulf Cooperation Council
• Tabby, a leading shopping and financial services app in the Middle East, on its ground-breaking US$700 million receivables securitization, the largest asset-backed facility obtained by a fintech company in the MENA region to date, which earned the 2024 IFLR Middle East Award Impact Deal of the Year
• Lendo, the leading debt crowdfunding platform in Saudi Arabia, on the first P2P securitization in the country involving a US$690 million (SAR 2.6 billion) warehouse facility provided by J.P. Morgan
• A leading US financial institution in connection with a pioneering US$400 million asset-backed financing for Deem Finance LLC, a prominent consumer finance provider in the UAE
• Tamara, a shopping and payments platform, on a first-of-its-kind US$150 million securitization of buy-now-pay-later receivables originated in The Kingdom of Saudi Arabia

*Matter handled prior to joining Latham