Reza K. Mojtabaee-Zamani

On May 20, 2024, Spectrum Brands Holdings, Inc. (NYSE: SPB), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, announced that its wholly owned subsidiary, Spectrum Brands, Inc., has commenced (i) a cash tender offer of up to an aggregate principal amount of its outstanding 4.00% Senior Notes due 2026, 5.00% Senior Notes due 2029, 5.50% Senior Notes due 2030, and 3.875% Senior Notes due 2031 that may be purchased for a combined aggregate purchase price of up to US$925 million. Also, Spectrum Brands Holdings, Inc. announced that Spectrum Brands, Inc. has priced its private offering of US$300 million in aggregate principal amount of its 3.375% exchangeable senior notes due 2029 in a private placement to eligible purchasers under Rule 144A of the Securities Act of 1933. Latham & Watkins LLP represented the dealer managers in the tender offer and the initial purchasers in the exchangeable senior notes offering with a corporate team led by New York partners Stelios Saffos, Andrew Baker, and Justin Hamill, with associates Hana Nah, Isabelle Sawhney, and Michael Biondi. Advice was also provided on exchangeable debt and capped call matters by New York partner Reza Mojtabaee-Zamani, with associates Jack Neff and Sloan Ungerman; and on tax matters by New York partner Elena Romanova, with associate Michael Yu.~~

May 21

1 min

Latham & Watkins has advised the initial purchasers on Trip.com Group Limited’s (Trip.com) offering of US$1.5 billion in aggregate principal amount of convertible senior notes due 2029. The transaction represents the largest securities issuance and financing transaction in the global online travel agency industry to date in 2024. Trip.com is a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management. The company plans to use the net proceeds from the notes offering for repayment of existing financial indebtedness, expansion of its overseas business, and working capital needs. Latham previously advised the underwriters on the secondary listing and US$1.07 billion initial public offering of Trip.com on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX). The Latham team was led by Hong Kong partners Posit Laohaphan and Benjamin Su and New York partner Reza Mojtabaee-Zamani, with Hong Kong counsel Eric Yiu, New York counsel Polina Tulupova, New York associate Jack Neff, and Hong Kong associates Christine Lo, Andrew Yau, Stewart Lai, Chimmy Tao, Baihan Li, and Eunice Chan. Advice was also provided on tax matters by New York partner Bora Bozkurt, with associate Sam Yang.~~

Jun 14

1 min

On March 1, 2024, Five9, Inc. (NASDAQ: FIVN), the Intelligent CX Platform provider, closed an upsized offering of US$747.5 million aggregate principal amount of 1.00% convertible senior notes due 2029 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, which included the full exercise of the initial purchasers’ option to purchase an additional US$97.5 million aggregate principal amount of the notes. Latham & Watkins LLP represented the initial purchasers in the offering with a corporate team led by Bay Area partner Rick Kline, New York/Los Angeles partner Greg Rodgers, and Los Angeles partner Arash Aminian Baghai, with associates Sandy Kugbei, Andrew Bentz, Erin Gilgen, and Jacob Kempf. Advice was also provided on equity derivatives matters by New York partner Reza Mojtabaee-Zamani, with associates Jack Neff, Hera Liao, and Sloan Ungerman; on tax matters by New York partner Elena Romanova, with associate Gina Richards; on data privacy and cybersecurity matters by Houston/Austin counsel Robert Brown II; on intellectual property matters by New York partner Jeffrey Tochner, with associate Ece Gonulal; on sanctions matters by Washington D.C. counsel Andrew Galdes; and on anti-corruption matters by New York partner Matthew Salerno.~~

Mar 4

1 min

Health Catalyst, Inc. (Nasdaq: HCAT) (Health Catalyst), a leading provider of data and analytics technology and services to healthcare organizations, has announced that it has entered into a new credit facility provided by Silver Point Finance, the direct lending business of Silver Point Capital, L.P. The new credit facility provides up to US$225 million in committed capital which consists of (i) an initial term loan facility in an aggregate principal amount of US$125 million and (ii) a delayed draw term loan facility in an aggregate principal amount of US$100 million. Latham & Watkins LLP advised Health Catalyst in the transaction with a deal team led by transactional partners Jennifer Kent and Haim Zaltzman, with associates Hyunji Lee, Samantha Kosarzycki, and Lindsay Kenney. Advice was also provided on certain corporate matters by partners Rick Kline, Erica Kassman, Christopher Clark, Reza Mojtabaee-Zamani, and Greg Rodgers, with associates Shawn Noh, Julian Brody, and Kayleigh Kuyon; on tax matters by partner Grace Lee, with associate Dennis Poehland; on intellectual property matters by partner Michelle Gross, with associate Andrew Abokhair; on healthcare regulatory matters by partner Betty Pang, with counsel Chad Jennings; on data privacy matters by partner Heather Deixler, with associate Mitch Bennett; on ERISA matters by counsel Aryeh Zuber; on real estate matters by partner Dara Denberg; on UK matters by associate Corrie Eames; and on certain other regulatory matters by partner Joseph Bargnesi, counsel Joel Cavanaugh, with associate Eric Green.~~

Jul 19

1 min