Capital Strategies

#1 Global Syndicated Loans — Combined Borrower & Lender Representation (LSEG 2025)

Band 1 Banking & Finance (Chambers Global)

Latham routinely advises on the largest number of syndicated loan transactions — in the US, in Europe, and globally. And in 2025, Latham was the top legal adviser for leveraged loans by deal count and volume in the US and Europe (Bloomberg). We represent both borrowers and lenders at a scale no other firm can match. Latham’s uniquely broad dual perspective gives our clients a clear view of lender appetite, documentation trends, and market dynamics in real time. From investment-grade revolvers and complex multi-tranche acquisition financings to leveraged buyouts, bridge facilities, and cross-border financings spanning multiple currencies and jurisdictions, we bring certainty of execution to the transactions that define the market.

Band 1 — Capital Markets: Equity, High-Yield Debt, Investment Grade Debt (Chambers USA)

No firm dominates the global capital markets like Latham. We shape markets rather than simply participating in them, consistently earning more top capital markets rankings across more product categories than any other firm. This reflects the volume, complexity, and strategic significance of the transactions we lead, from landmark IPOs and follow-on offerings to highly structured equity-linked instruments, convertible and exchangeable notes, and high-yield debt offerings. Clients choose Latham for capital markets execution because we combine technical precision with real-time market intelligence, strategic perspective on timing and positioning, and the ability to mobilize a fully integrated global platform at speed.

Band 1 — Capital Markets: Convertible Debt (Chambers USA)

Latham has advised on more convertible securities transactions than any other law firm, with deep experience across mandatory convertibles, exchangeable debt, and hybrid instruments that blend equity and fixed-income features. We guide issuers through the structuring, pricing, and documentation of convertibles, including the call spread overlays and hedge transactions that manage dilution. Our team also advises on equity repurchase programs and accelerated share repurchases that often accompany convertible issuances. This market-leading position gives our clients advanced insights on investor preferences, pricing dynamics, and documentation innovations.

Band 1 — Derivatives (Chambers USA)

Our derivatives team advises corporations, financial institutions, and asset managers on the full range of hedging and structured products. We bring sophistication to convertible bond hedge overlays, interest rate and currency swaps, equity derivatives, and bespoke structured transactions. We also provide risk-focused counsel on margin loan facilities and securities-based lending arrangements, helping clients navigate the regulatory and documentation complexities of leveraged positions. Whether the objective is managing volatility, optimizing capital efficiency, or monetizing concentrated holdings, Latham delivers integrated, scaled advice that bridges capital markets, tax, and regulatory considerations.

Latham’s hybrid capital practice sits at the intersection of debt and equity, where market-leading innovation and creative solutions are key. We advise on instruments that provide flexible capital solutions for growth, recapitalization, and special situations. We structure convertible preferred stock, debt-like preferred equity, holdco PIK notes, and growth equity investments with warrants or co-investment rights. Our team helps clients evaluate the trade-offs between dilution, cost of capital, and governance implications, designing hybrid instruments that meet financing objectives while preserving strategic optionality. This practice reflects our broader philosophy that capital solutions should be tailored to client circumstances, unconstrained by product silos.

Latham has established the leading liability management practice in the market, advising companies, creditors, and sponsors on transactions that address stressed and distressed balance sheets. We handle exchange offers, consent solicitations, up-tier transactions, drop-down financings, and covenant relief negotiations that buy time and preserve value. Our team brings creativity and market knowledge across the full spectrum of capital strategies to address situations where traditional refinancing is unavailable, developing solutions that balance competing stakeholder interests.

Whether representing companies seeking runway or creditors protecting recoveries, we deliver strategic advice informed by deep experience across hundreds of liability management exercises.

Band 1 — Private Credit (Chambers USA)

Latham is the undisputed leader in private credit, representing both sponsors and private credit providers on transactions ranging from middle-market financings to multi-billion-dollar unitranche facilities. We far outpace other firms, routinely advising on at least twice as many of the transactions as the second-ranked firm or more each year. We advise on asset-based loans, recurring revenue financings, and the full spectrum of private credit products that have transformed the leveraged finance landscape. Our team brings deep rigor and decades of market insight to private credit transactions, giving clients confidence that their documentation reflects best practices and that their structures will perform through market cycles.

Band 1 — Restructuring: The Elite (Chambers USA)

Latham’s elite restructuring practice advises debtors, creditors, acquirers, and a range of other stakeholders on in-court and out-of-court restructurings spanning industries and geographies. We design bespoke solutions to the largest and most complex Chapter 11 cases, pre-packaged and pre-arranged plans, 363 sales, and cross-border insolvency proceedings, while also advising on the rescue financings that enable successful reorganizations. What distinguishes Latham is the full power of a global transactional platform behind every restructuring engagement: M&A, tax, capital markets, regulatory, and litigation capabilities that address every dimension of a complex situation – a level of elite practice integration few can match.

Band 1 — Capital Markets: Securitization ABS (Chambers USA)

Latham advises issuers, underwriters, and investors on asset-backed securitizations across every asset class, from consumer and commercial receivables to esoteric collateral. We structure cash and synthetic CLOs, CRE CLOs, and risk retention vehicles that comply with evolving regulatory requirements. Our team also handles borrowing base facilities and warehouse financings that serve as feeders to capital markets takeouts. Clients benefit from our ability to coordinate securitization execution with broader corporate finance strategy, ensuring that structured finance solutions align with balance sheet objectives and rating agency considerations.