Finance Associate - Structured Finance

Latham & Watkins advises Magnite on successful completion of term loan and revolving credit facility repricing. * Author Cynthia Lydia Marbaniang * Published October 14, 2026 Magnite, Inc. announced the successful repricing of its US$358 million senior secured term loan facility due 2031 and its US$175 million senior secured revolving credit facility due 2029. The transactions reduced the interest rate on Magnite's term loan by an additional 50 basis points and lowered the interest rate margin on the revolving credit facility by 100 basis points, generating approximately US$1.8 million in annualized interest savings while preserving the existing maturities and substantially all other material terms. Latham & Watkins LLP advised Magnite in the transaction with a finance team led by Washington, D.C. partner Scott Forchheimer, with associates Jen Goldshtein, Kendall Crawford, and Nina Puchalski. Advice was also provided on tax matters by New York partner Aaron Bernstein. Where the legal industry reads first. No spam. Unsubscribe anytime. From Legal Desire Is your firm the one being cited, or the one being skipped? Legal Desire ran the test. On several everyday legal questions, software companies are answering and law firms are not. Legal Desire help firms fix that, and Legal Desire build the technology behind the practice. Lawyers and firms: get featured on Legal Desire. Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC. See the full deal record on DealDatabase The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record

DLA Piper hires Latham & Watkins trio to expand private credit practice. * October 13, 2026 * - 10:11 am DLA Piper has hired three senior lawyers from Latham & Watkins to expand its capital solutions practice, as the law firm strengthens its private credit offering, according to a report by Bloomberg. The hires include Jesse Sheff, Seung-Ju Paik and Preeta Paragash, who will all join DLA Piper as partners. Sheff, who spent 16 years at Latham & Watkins, has advised major asset managers including Apollo Global Management and BlackRock, will reportedly be leading the group, according to Bloomberg. Sheff was previously a partner at Latham, while Paik and Paragash held counsel positions. The appointments form part of DLA Piper's broader expansion into private markets, with the firm building its advisory capabilities across private credit, leveraged finance and strategic capital transactions. Latham & Watkins was the leading legal adviser to lenders on US leveraged loans in 2025, ranked by both deal count and transaction value, according to data compiled by Bloomberg. DLA Piper launched its capital solutions practice in March 2026 under Ranesh Ramanathan, the former head of Akin Gump Strauss Hauer & Feld's special situations and private credit business. The firm also recruited Alex Cushman and Daniel Wayte from Akin as part of the launch. DLA Piper is expected to recruit several additional teams before the end of 2026 as it continues to expand its private credit and capital solutions business, according to the report.

Chevron to transfer Hess Midstream stake and DJ Basin assets. Chevron Corporation has entered into a series of definitive agreements with Hess Midstream LP to revise its midstream arrangements in the Bakken and establish new contracts in the DJ Basin. The transaction includes the transfer of Chevron's ownership interests and general partner position in Hess Midstream, along with its DJ Basin crude oil midstream assets, in exchange for a revised commercial framework and $200 million in cash consideration. Under the revised agreements, the Bakken midstream contracts will be extended. Chevron expects the changes to reduce its unit midstream costs in the Bakken by approximately 50%, improving future earnings and returns on capital employed. Chevron also expects to fully deconsolidate Hess Midstream following completion of the transaction. This would remove approximately $3.7 billion of Hess Midstream debt from Chevron's consolidated balance sheet. The company expects the transaction to increase return on capital employed by 0.5 percentage points on an absolute basis. It also expects the revised commercial arrangements to generate long-term economic value through lower costs and improved earnings. Chevron expects to record a one-time after-tax loss of approximately $3 billion to $4 billion at closing. The loss is expected because the company cannot recognise anticipated future savings from lower Bakken midstream costs as an asset. "This transaction resets the commercial framework between our upstream and midstream assets in the Bakken and DJ Basins," said Andy Walz, Chevron's President of Downstream, Midstream and Chemicals. He said the agreement would lower Chevron's Bakken cost structure while allowing Hess Midstream to operate as an independent company. Chevron said it would continue to sustain Bakken production through technology deployment and operational improvements developed across its global shale and tight-oil operations. The transaction has received approval from the Conflicts Committee of the board of directors of Hess Midstream's general partner. The committee consists entirely of independent directors and consulted independent legal and financial advisers during its review. Completion remains subject to customary closing conditions and regulatory approvals. Chevron expects the transaction to close by the end of 2026. BofA Securities is serving as financial adviser to Chevron, while Latham & Watkins LLP is acting as its legal adviser. Evercore is advising the Hess Midstream general partner's Conflicts Committee on financial matters, with Gibson, Dunn & Crutcher LLP providing legal advice. The agreements will change Chevron's financial and commercial relationship with its Bakken and DJ Basin midstream operations while establishing a revised cost structure for its upstream production activities.