Image: Tammy C. Davies

Tammy C. Davies

Of Counsel, Corporate Department

Overview

Tammy C. Davies is of counsel in the Alternative Lender and Private Credit practice, focused on the global alternative lender platform. She is also a member of the Paul Hastings Special Situations Group and is based in the firm’s New York office.

Ms. Davies’ practice focuses on representing a broad array of alternative lenders and investors in complex credit arrangements, particularly those financings that include a junior capital component or multiple tranches of debt. Her experience encompasses a wide range of financing facilities, such as mezzanine debt, second-lien loans, bifurcated unitranche facilities, first-out/last-out facilities, first-lien and senior-stretch loans,  in the context of both domestic and cross-border strategic and sponsor-backed leveraged buyouts, recapitalizations, refinancings, rescue financing, and debt restructurings.

Her experience extends across a variety of industries, including technology, healthcare, retail, media, gaming, pharmaceuticals,  manufacturing, financial services, and food services. She was recently recognized as one of the leading women identifying opportunity and creating value in the alternative credit market in the 2022 Leaders in Credit and Debt Finance Report published by Kayo.

Ms. Davies received her law degree from Wake Forest University School of Law, where she was an editor for the Wake Forest Law Review. She received a Bachelor of Science in Economics with honors from the University of South Carolina.

Education

  • Wake Forest University School of Law, J.D. (cum laude), 2014 (Order of the Coif)
  • University of South Carolina, B.S. in Economics with honors (magna cum laude), 2010

Representations

  • Represented the agent and lenders in connection with a multi-jurisdictional second lien loan facility and preference share instrument issued in connection with the $4.3 billion acquisition of a NYSE-listed education company.
  • Represented the agent and "last-out" lenders in a $190 million bifurcated unitranche term facility in connection with the sponsor-backed acquisition of a personal care product manufacturer.
  • Represented the agent and lenders in a $140 million second lien loan facility in connection with a $500 million strategic acquisition of a medical device company.
  • Represented the agent and lenders in a $47.5 million split collateral term loan facility in connection with the strategic acquisition of a payments processing company.
  • Represented the agent and subordinated lender in connection with the consensual restructuring of a supply chain services provider and converting substantial portions of a $25.0 million senior subordinated debt facility to equity.
  • Represented the lenders in a bespoke $18.5 million vendor financing facility in connection with the restructuring and exit financing of a fashion accessories retail company.
  • Represented the agent and lenders in a $12 million second lien loan facility in connection with a $49 million strategic acquisition of a regulated gaming company.
  • Represented the Term Loan Agent in the Chapter 11 bankruptcy of Aerosoles.
  • Represented the Term Loan Agent in the out-of-court restructuring of a major telecommunications company.

    Engagement & Publications

    • "Understanding Bondholders’ Right to Sue: When a No-Action Clause Should be Void," 48 Wake Forest L. Rev., 1367

    Involvement

    • Co-Chair and Founding Member, Associate Board, ProjectExplorer.org

    Practice Areas

    Financial Restructuring
    Corporate
    Global Finance
    Financial Services
    Alternative Lender and Private Credit

    Languages

    English

    Admissions

    New York Bar

    Education

    Wake Forest University, School of Law, J.D. 2014
    University of South Carolina, B.Ec. 2010

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