Latham & Watkins Advised Fintech Unicorn Dailypay On US$195 Million Senior Secured Revolving Credit Facility

Latham & Watkins Advised Fintech Unicorn DailyPay on US$195 Million Senior Secured Revolving Credit Facility

Latham & Watkins advised DailyPay, a leading on-demand pay platform and financial wellness solutions provider, on the closing of a US$195 million senior secured revolving credit facility. The transaction further strengthens DailyPay’s capital position and enhances its financial flexibility to support long-term growth. JPMorgan Chase Bank, N.A. acted as the administrative agent and sole bookrunner for the lender group.

The Latham & Watkins deal team led by Liz Oh (Partner), and Haim Zaltzman (Partner), with Jing Cao (Counsel), and Emily Yu (Counsel), with Scott Natsuhara (Associate) on UK law matters by Hayden Teo (Partner), with James Szauer (Associate) and Liam Feng (Associate) on tax matters by Elena Romanova (Partner), with Sam Yang (Associate), and assistance from George Yu, on ERISA matters by Julie Crisp (Partner) on securitization matters with Loren Finegold (Partner), with Alex Tiller (Associate), and on derivatives by Reza Mojtabaee-Zamani (Partner), with Claire Solimine (Associate).

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