Heather Waters Borthwick

Partner at Akin Gump Strauss Hauer & Feld LLP (Akin)

Moderator

Heather represents many of the market’s most active private credit investors, direct lenders and other investors on complex financing transactions. Her practice focuses on front-end private credit investments across the capital structure. She regularly advises on debt financings and other bespoke capital solutions transactions, including:

• Senior secured term loans and revolvers
• Delayed-draw and incremental term loans
• Payment-in-kind (PIK) and synthetic PIK structures
• Super-priority revolvers by 3rd party lenders (including intercreditor arrangements)
• Preferred equity participations and warrants.

Heather regularly handles cross-border financings involving non-U.S. borrower structures and guarantee/security packages. She also has extensive experience in the broadly syndicated lending market, where she has represented private credit investors and other financial institutions in leveraged buyouts, tack-ons and dividend recapitalizations.