Latham & Watkins Advises on Financing for ICON plc’s Acquisition of PRA Health Sciences, Inc.

Latham & Watkins represented the lead arrangers and lenders in connection with a US$5.515 billion senior secured term loan facility and US$300 million senior secured revolving credit facility and the initial purchasers in connection with a US$500 million senior secured notes offering, the proceeds of which were used to finance ICON plc’s acquisition of PRA Health Sciences, Inc., creating a world-leading healthcare intelligence and clinical research organization.

The Latham capital markets team was led by New York partners Erika Weinberg and Jason Ewart and London partner Scott Colwell, with associates Will Clark, Nigel Frank, and Autumn Dunn. The Latham finance team was led by New York partner Eugene Mazzaro, with counsel Bryce Schunke and associates Natasha Graham and Ed Prevost. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with associate Lukas Kutilek, and on other finance matters by New York partner Larry Safran, with counsel Brian Rock.