Tom Cochran is counsel in the Finance Department of the London office of Latham & Watkins and a member of the Structured Finance Practice.
Mr. Cochran’s broad experience across asset classes includes advising on transactions collateralized by trade receivables, loans (CLOs and direct lending), residential mortgage loans, unsecured personal loans, and auto loans. The transactions have arisen in a range of circumstances, such as corporate restructurings, broader M&A transactions, ongoing treasury management, and portfolio acquisitions, which have demanded specific financing solutions (from traditional public securitizations to private conduit-funded financings).
Mr. Cochran has also advised on a number of structured trade and commodity related finance transactions, including commodity receivables securitizations for large energy traders, freight receivables securitizations, inventory and commodity backed structured finance transactions, and structured supply chain finance solutions.
Prior to joining Latham & Watkins, Mr. Cochran was an executive director at Goldman Sachs supporting its securitization and structured finance businesses.
Mr. Cochran’s transactional experience includes:
- Portfolio acquisitions of residential mortgage loans and unsecured personal loans (including, by way of exercise of portfolio call options) and any associated bridge financing and/or follow-on or “exit” securitization transactions*
- Acting on behalf of two leading international banks in connection with a South African auto loan securitization*
- Advising on a conduit-funded securitization of unsecured personal loans originated by a Scandinavian bank*
- Assisting with the structuring and regulatory advice on a number of CLO risk retention vehicles
- Delivering a global trade receivables securitization for a large chemicals group*
- Advising on a range of securitization related regulatory matters, including the European securitization risk retention rules*
- Establishing commodity receivables securitizations for the world’s largest commodity traders (relating to receivables arising from the sale of crude oil, refined product, and metals)*
- The wholesale restructuring of a European bank’s ABCP conduit programme*
- A proposed working capital facility to be provided to a distressed European refinery collateralized by crude oil and refined product*
- A range of matters relating to certain central bank funding facilities available under the Bank of England’s Sterling Monetary Framework*
*Matter handled prior to joining Latham