Conray C. Tseng

Tseng’s experience includes advising:

Leveraged Finance

• Royal Bank of Canada and Lead Arrangers in US$2.7 billion term loan facilities in connection with Blackstone’s acquisition of Copeland, formerly known as the HVAC business of Emerson Climate Technologies, an industrial product manufacturer
• Citibank, N.A. in multiple transactions including:
  • Its US$4.8 billion of committed financing to support Apollo’s acquisition of Tech Data in the form of a cross-border US$2.8 billion asset-based revolving, US$1.7 billion asset-based term loan facility and US$370 million  first-in, last-out term loan facility
  • Its term loan and revolving credit facility, concurrent with 
    a US$2.5 billion bond offering, in connection with Synnex
    Corporation, an American multinational corporation that 
    provides B2B IT services
• Golub Capital in arranging a syndicated US$810 million term loan B and revolving credit facility for TSG Consumer Partners' acquisition of Rough Country Acquisition Co., an auto parts manufacturer, to refinance existing debt
• Citigroup in connection with a US$1.5 billion term loan B and revolving credit facility for Mariposa Capital, LLC's SPAC’s acquisition of APi Group, Inc., a provider of construction equipment and services
• Citibank and other Lead Arrangers in providing acquisition financing to support Apollo’s acquisition of LifePoint Health in the form of a US$800 million asset-based revolving  facility; US$3.4 billion term loan facility and US$1.5 million unsecured bond offering
• Citibank and other Lead Arrangers in providing acquisition financing to support Apollo’s acquisition of LifePoint Health in the form of a US$800 million asset-based revolving facility, US$3.4 million term loan facility, and US$1.6 million unsecured bond offering
• Bank of America and other Lead Arrangers in connection with a US$175 million term loan A and revolving credit facility for FWR Holding Corporation, an American restaurant chain, to refinance existing debt
• Bank of America and other Lead Arrangers in multiple transactions including:
  • The US$175 million term loan A and revolving credit facility for FWR Holding Corporation, an American restaurant chain, to refinance existing debt
  • The US$350 million term loan and revolving credit facility for Definitive Healthcare Holdings, a company that designs and develops software solutions
• Citibank and the other Lead Arrangers in connection with arranging a US$500 MM asset-based revolving facility and US$1,700 MM term loan B facility for Petco Health and Wellness Company, Inc., to refinance existing debt
• KKR Capital Markets and the other Lead Arrangers in connection with arranging a US$800 MM term loan B facility Polyconcept, the largest distributor of customized and personalized hard goods and apparel
• UBS Securities and the other Lead Arrangers in connection with US$380 million term loan facilities for Michael Baker International, LLC, to refinance existing debt and Macquarie Capital in connection with arranging a US$80
• Bank of America in connection with a US$600 million term loan B facility for CPG International LLC (dba The AZEK Company LLC), a manufacturer of building products, to refinance existing debt

Private Capital

• Golub Capital in multiple transactions including:
  • In connection with term loans and a revolving credit facility, totaling more than US$3.7 billion for TA Associates Management, L.P.'s acquisition of MRI Software, a provider of real estate and investment management software to real estate owners, investors, and operators
  • In connection with an annual recurring revenue financing and preferred equity financing for Permira and Hellman & Friedman LLC’s US$10.2 billion acquisition of Zendesk
• Golub Capital Markets in multiple transactions including:
  • In connection with term loans and a revolving credit facility for GI Partners' acquisition of Aras Corporation, an American developer and publisher of product development software
  • In connection with Catterton Management Company, LLC's acquisition of FYidoctors, an optometrist-controlled eye care company
• Atlantic Park Capital Partners, L.P. in connection with a US$250 million term loan facility for Team, Inc., to refinance existing debt
• Credit Suisse in connection with US$100 million second lien for Milk Specialties Company, a human and animal nutrition company, to refinance existing debt
• Neuberger Berman in connection with the financing for Pipedrive, a portfolio company of Vista Equity Partners

Asset-Based Facilities

• Citibank in multiple transactions including:
  • Arranging a US$300 million cross-border asset-based revolving facility for Xerox Corporation
  • In connection with a US$100 million cross-border asset-based financing for Coronado Finance Pty Ltd., a provider of mining services
• Wells Fargo in multiple transactions including: 
  • In connection with a US$210 million asset-based lending revolving credit facility for Vallourec, a stainless steel tubing manufacturer
  • The US$600 million cross-border asset-based facility Par Pacific

Specialty Finance 

• HPS Investment Partners and Blue Torch Capital in providing a US$115 million term loan exit financing facility for Boart Longyear Group Ltd., a provider of drilling services, drilling equipment, and performance tools for mining and mineral drilling companies, to refinance existing debt
• Citigroup in arranging a US$135 million revolving exit credit facility for Syncreon Group B.V., a provider of logistics services
• HPS Investment Partners in providing an asset based US$1 billion bridge term loan facility for Bombardier, a Canadian multinational manufacturer of business jets and rail
• Nomura in arranging and providing a US$280 million an asset-based term loan and revolving credit facility for BR Advisory & Investments, an investment advisory firm

RSS/ Liability Management

• Citibank N.A. in multiple transactions including:
  • Various credit facilities for Revlon Holdings B.V. and Revlon Finance LLC, the holding companies for Revlon, Inc., a marketer and distributer of cosmetic products
  • The 2020 AMC liability management transactions and in the out-of-court work-out of the AMC cash flow revolve Arranging the Revlon European asset-based term loan facility
• Ad hoc group of revolving lenders in the 2020 Exela liability management transactions
• UBS Securities LLC in multiple transactions including:
  • The US$2.6 billion 1L and 2L term loans and revolving credit facility for Serta Simmons Bedding, LLC, a manufacturer of mattresses
  • The Serta chapter 11 cases
• An ad hoc group of senior secured first lien lenders in multiple transactions including:
  • The 2021 CARD liability management transactions 
  • The CARD chapter 11 cases
• An ad hoc group of noteholders in multiple transactions including:
  • GTT’s liability management transactions
  • GTT’s debtor-in-possession financing
  • GTT’s exiting financing
• Virgin Orbit in obtaining a debtor-in-possession facility
• Steak n Shake, Inc., an American casual chain in connection with its out-of-court restructuring
• Blackhawk Mining LLC in multiple transactions including:
  • Financing the acquisition of Patriot Coal out of Patriot Coal’s chapter 11 cases
  • Its various liability management transactions

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.