Elizabeth (“Liz”) Kates advises private equity sponsors as well as private and public companies and lenders on structuring and negotiating secured and unsecured debt financing transactions, including leveraged buyouts, acquisition financings, recapitalizations, refinancings and restructurings. She advises clients across a wide range of industries, including in the technology, software, healthcare, financial services and manufacturing sectors.
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Work Highlights
Notable experience prior to joining Simpson Thacher includes advising:
- A leading private equity firm and its portfolio company, a market leader in professional services payments, in connection with an add-on acquisition at a combined enterprise value of $2.4 billion
- A leading private equity firm in connection with a $1 billion unitranche loan in connection with the acquisition of a health technology and software provider
- Great Hill Partners in its acquisition of a controlling equity stake in Clearwave Parent, Inc. at an enterprise value of $300 million
- An administrative agent in a private equity-sponsored leveraged buyout of a leading manufacturer and distributor of gas cans and related products, with term loan and revolving credit commitments of approximately $95 million in the aggregate
- A private equity firm in connection with the refinancing of a $45 million term loan and $50 million asset-based revolving loan for a portfolio company in the home heating industry
- A private equity firm in connection with a $157.5 million term loan and $15 million revolver in connection with the acquisition of one of the largest intermodal logistics services providers in North America
Education
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Boston College Law School, 2017 J.D.
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University of Rhode Island, 2010 B.S.
Elizabeth (“Liz”) Kates is a Partner in the Firm’s Banking & Credit Practice. Based in Boston, Elizabeth advises private equity sponsors as well as private and public companies and lenders on structuring and negotiating secured and unsecured debt financing transactions, including leveraged buyouts, acquisition financings, recapitalizations, refinancings and restructurings. She advises clients across a wide range of industries, including in the technology, software, healthcare, financial services and manufacturing sectors.
Experience prior to Simpson Thacher includes:
- A leading private equity firm and its portfolio company, a market leader in professional services payments, in connection with an add-on acquisition at a combined enterprise value of $2.4 billion
- A leading private equity firm in connection with a $1 billion unitranche loan in connection with the acquisition of a health technology and software provider
- Great Hill Partners in its acquisition of a controlling equity stake in Clearwave Parent, Inc. at an enterprise value of $300 million
- An administrative agent in a private equity-sponsored leveraged buyout of a leading manufacturer and distributor of gas cans and related products, with term loan and revolving credit commitments of approximately $95 million in the aggregate
- A private equity firm in connection with the refinancing of a $45 million term loan and $50 million asset-based revolving loan for a portfolio company in the home heating industry
- A private equity firm in connection with a $157.5 million term loan and $15 million revolver in connection with the acquisition of one of the largest intermodal logistics services providers in North America
Elizabeth received her J.D. from Boston College in 2017 and her B.S. in Business Administration from the University of Rhode Island in 2010. She is admitted to practice in Massachusetts.