Ola’s $500 Million Term Loan B Debt Financing

Latham & Watkins represented Ola in the transaction.

Ola, India’s largest mobility platform and one of the world’s largest ride-hailing companies, finalized a US$500 million Term Loan B (TLB) debt financing from marquee international institutional investors.

Ola is one of the first Indian startups to be publicly rated by Moody’s and S&P international rating agencies, and is among only a few Indian companies to raise capital through the TLB route.

The Latham team was led by Singapore partner Timothy Hia (Picture), with associates Chuan Wei Kong, Wen Yi Tan, and Aakash Sardana. Additional advice was provided by Chicago associates John Reinert and Jennifer Tian; with advice on tax matters provided by New York partner Jiyeon Lee-Lim.

Involved fees earner: Timothy Hia – Latham & Watkins; Chuan Wei Kong – Latham & Watkins; Jiyeon Lee-Lim – Latham & Watkins; John Reinert – Latham & Watkins; Aakash Sardana – Latham & Watkins; Wen Yi Tan – Latham & Watkins; Jennifer Tian – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Ola;