Milbank LLP

Pleased to share that Milbank has been recognized by India Business Law Journal as one of the world's top foreign law firms for India-related matters in 2024. The recognition reflects Milbank’s knowledge of India’s corporate landscape, the firm’s robust connections within the Indian legal community and a commitment to client service. Learn more: https://lnkd.in/ddZ6mTJj

Milbank advised PT Lippo Karawaci Tbk on the refinancing and subsequent tender offer and consent solicitation in relation to the 8.125% senior notes due 2025 and 6.75% senior notes due 2026 issued by Theta Capital Pte. Ltd., a subsidiary of the company. The Milbank team was led by partner Giles Kennedy and included partner Terrence O'Donnell and associates Andre Seah and Abril Kang. https://lnkd.in/eySBanHA

Milbank represented the lenders in connection with the financing and development by Korean national champion EcoPro BM of a US$1.492 billion cathode active materials plant with an annual capacity of c.108,000 tons in Debrecen, Hungary. The financing, valued at $860 million, is the first time a Korean cathode material company has received ECA funding in the trillion-won range for overseas investments and marks a significant enhancement of EcoPro BM's position in the growing EV market in Europe. The Milbank deal team was led by Global Project, Energy and Infrastructure Finance partner David Gartside in Seoul and included Seoul-based associate Chloe Kim and Tokyo-based associates Anthony Scott and Michael Tiralongo. Read more: https://lnkd.in/gkumFXK8

Milbank advised Quartz Healthcare Germany GmbH on raising an infrastructure-style financing for the group, related tax structuring and hedging arrangements. Quartz Healthcare, a portfolio company of an infrastructure fund managed by InfraVia Capital Partners, is a leading European provider of radiology, radiotherapy, and nuclear medicine with a focus on medical quality and innovation. InfraVia, founded in 2008, is a leading independent long-term investor in infrastructure, real assets, and technology investments. The Milbank team advising Quartz Healthcare was led by partner Barbara Mayer-Trautmann (Finance/Munich) and included partners Thomas Kleinheisterkamp (Tax/Munich), James Warbey (Alternative Investments/London), special counsel Alexander Lang (Finance/Munich), associates Dr. Ludwig Reißmann (Finance/Munich), Dr. Elisabeth C. Wöhrle (Tax/Munich), Denisa Neagoe (Alternative Investments/London), and transaction lawyer Pauline Marie Gairanod (Finance/Munich). Learn more: https://lnkd.in/g2ZDxiHh

Milbank hosts summer associates in four of its offices: New York, Los Angeles, Washington, DC, and London. In each office, we provide summer associates with partner and associate mentors, substantive work assignments, and intensive trainings that give summers a deeper understanding of our practice areas, client needs, and how we serve them. By the end of the 10-week program, summer associates leave us with new and sharpened skills that position them for success as a first-year associate. 

Congratulations to Milbank’s Grant Bermann for being recognized by Law360 as one of five “Rising Stars” in Competition/Antitrust. The annual awards honor “attorneys under 40 whose legal accomplishments belie their age.” Read more here: https://lnkd.in/eTvQPpzv

Pleased to share that Suntrust Resort Holdings’ P25 billion (US$446 million) term loan with Chinabank Capital for Suntrust’s integrated resort and casino complex in Entertainment City was recognized as the Philippines Debt Deal of the Year at the 2024 Asian Banking and Finances (ABF) Awards held on July 4 in Singapore. It was the largest project finance deal of 2023 in the Philippines.   The Milbank team advising Suntrust Resort Holdings was led by partner and head of Milbank’s Hong Kong office James Grandolfo and associate York Wu.   https://lnkd.in/eyka54ca

Milbank Litigation & Arbitration partners George Canellos and Tawfiq Rangwala and special counsel John Hughes III recently authored an article discussing the US Supreme Court’s landmark decision in SEC v. Jarkesy for the New York Law Journal. Read “Supreme Court Radically Shifts Landscape for Administrative Enforcement” here: https://lnkd.in/eZSX3QQv

Milbank represented the financing sources in connection with CyrusOne’s $7.9 billion warehouse credit facility, the proceeds of which will be used to finance the ongoing development of its data center platform in the US. “We are honored to have advised on this significant financing which will further enable CyrusOne to expand its digital infrastructure footprint,” said partner Jaime Ramirez. Dan Bartfeld added, “This innovative financing is a testament to the strength and depth of the finance markets available to the leading digital infrastructure companies, and we are pleased to advise the sophisticated financing parties on this market-setting transaction.” The Milbank team was led by partners Jaime Ramirez, Dan Bartfeld and Jonathan Karl, along with special counsel Tim Fitzpatrick and associates Vince El Hayek, Amber Dong, Sol Avalos, Kate Richardson, Julianne Guzman, Nicolette Sullivan, Shannon Hardy, Alejandro Hernandez and Joe Powers. This transaction is another example of Milbank serving as lead counsel in the digital infrastructure space, where they are the most active law firm throughout the digital infrastructure value chain, ranging from chip foundries, GPU procurement and data centers (and associated power solutions), to fiber and towers. Milbank’s Digital Infrastructure team has led over $50 billion of data center and related transactions in the past year.

Milbank advised the financing sources on an $11.2 billion senior debt refinancing program to EIG Pearl Holdings S.à r.l., with proceeds used to repay amounts drawn under an acquisition debt facility that was used to finance its June 2021 acquisition of a 49% interest in Aramco Oil Pipelines Company, a subsidiary of Saudi Aramco, which owns usage lease rights in respect of a large pipeline network in the Kingdom of Saudi Arabia. The Milbank team was led by Corporate Finance and Securities partner Apostolos Gkoutzinis, Project, Energy and Infrastructure Finance partner Munib Hussain and special counsel Joji Ozawa. Learn more: https://lnkd.in/eZbiKvth