Conray Tseng is a partner in the New York office of Latham & Watkins and a member of the Finance Department and the Banking and Private Capital Practices.
Mr. Tseng represents agents, lenders, and other financial institutions in leveraged and other secured finance transactions, in both the private credit and syndicated markets.
Mr. Tseng also has been a market-leader in asset-based and cross-border financings and has significant experience in liability management transactions and other bespoke financings, including debtor-in-possession and exit facilities.
Mr. Tseng formerly served as Co-Vice Chairman and Director on the Board of the New Leadership Program of Legal Aid Society, a private, not-for-profit legal services organization, the oldest and largest in the nation, dedicated since 1876 to providing legal representation to low-income New Yorkers.
Mr. Tseng’s experience includes advising:
Citibank N.A. and the other lead arrangers in the US$1.8 billion financing for C&J Energy’s acquisition of Nabors through an inversion structure
Barclays Bank PLC and the other lead arrangers in structuring a US$270 million financing for Aria Energy Corp. in connection with a future initial public offering
Bank of America, N.A. and the other lead arrangers for Blackstone’s acquisition of Pactera, one of the first leveraged-buyout and take-private acquisitions of a China-based company by a US sponsor, which included a US$20 million Chinese on-shore revolving credit facility, a US$30 million off-shore revolving credit facility, a US$70 million cash-bridge facility, and a US$275 million bond offering
UBS AG, Stamford Branch and the other lead arrangers in the US$265 million first lien and US$78 million second lien financings for Castle Harlan’s acquisition of Tensar Corporation
KeyBank National Association and other lead arrangers in providing a US$150 million unsecured revolving credit facility to CNO Financial Group, Inc. in conjunction with its issuance of US$825 million of unsecured bonds
Reichhold Industries Inc. and its affiliated companies in a sixteen jurisdiction US, European, and Asian cross-border restructuring involving five debt facilities, including three new rescue-financing facilities, of which two were chapter 11 debtor-in-possession facilities and two exit-financing facilities, as well as the acquisition of Reichhold by certain of its existing lenders
Prior to joining Latham, Mr. Tseng advised various distressed clients, including Lehman Brothers, General Motors, and MF Global, and also provided regulatory advice to major financial institutions in the preparation of their resolution plans under the Dodd-Frank Act.
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