Jump to:
Milap advises lenders, private equity sponsors and their portfolio companies on leveraged finance transactions, including syndicated credit facilities, mezzanine and subordinated financings, high yield offerings, and debt restructurings. He has also represented companies in public and private securities offerings and general corporate advisory matters.
Experience
- Represented Eldridge Corporate Funding, LLC in connection with a $75 million loan to a leading private equity firm’s general partner in support of the GP’s acquisition of a separate education and networking business.
- Represented the largest equity holder and junior DIP Lender to Yellow Corporation and its affiliates, historically one of the largest less than truckload shipping providers in the United States, in Yellow Corporation’s pending Chapter 11 cases to address approximately $1.2 billion of funded debt obligations, multiemployer pension liabilities, liquidating sale transactions, and wind-down of all operations.
- Represented an ad hoc group of second lien lenders to Checkers Drive-in Restaurants Inc. in connection with an out-of-court restructuring and an additional $25 million in new debt financing commitments.
- Represented an ad hoc group of first lien lenders to Instant Brands Holdings Inc. in connection with their $390 million prepetition term loans, and the provision of a $132.5 million debtor-in-possession financing.
- Represented an ad hoc group of second lien lenders of Yak Access, LLC, a provider of temporary roadways to remote construction sites, in connection with its out-of-court recapitalization and exchange transaction, resulting in a combination of equity and approximately $419 million of new loans.
- Representing an ad hoc group of first lien lenders of K&N Engineering, Inc., a consumer-branded designer, manufacturer and marketer of high performance automotive and power sports aftermarket parts, in a $60 million new money financing in connection with its out of court restructuring of approximately $415 million of funded indebtedness.
- Represented an ad hoc group of first and second lien lenders of CHC Group LLC, the global rotary wing aviation services provider, with respect to, among other things, approximately $100 million of new money financing and an out of court exchange involving up to approximately $500 million of existing first and second lien debt.
- Represented HBC, the holding company of Saks Fifth Avenue, Hudson’s Bay, and Saks OFF 5th, in a partnership with Insight Partners to establish Saks Fifth Avenue’s ecommerce business as a standalone entity to be known as Saks.com.
- Represented Tronox Holdings plc in a $1 billion bond offering of senior notes due 2029.
- Represented Sotheby’s Financial Services on a securitization of its loan portfolio.
- Represented Sixth Street Partners in connection with its majority investment in Legends Hospitality Holding Company, LLC.
- Represented Sixth Street Partners in connection with the bankrupt restructuring of Neiman Marcus Group.
- Represented Sixth Street Partners in connection with the bankrupt restructuring of J.C. Penney Company
- Represented Sixth Street Partners in connection with providing US$175 million clinical trial financing to Clovis Oncology, Inc., a biopharmaceutical company that focuses on acquiring, developing and commercializing innovative anti-cancer agents in the global markets.
- Represented Sixth Street Partners in connection with anchor investment in US$250 million senior secured notes issuance by Flexential Intermediate Corporation.
- Represented Altamont Capital in connection with providing a US$50 million second lien financing to Axip Energy Services, a leading provider of oil and gas handling equipment and services.
- Represented Sixth Street Partners in connection with investment of up to $150 million in senior secured debt, convertible notes and warrants of Caris Life Sciences.
- Represented TPG Special Situations Partners/TPG Capital in connection with a $750 million second lien senior secured financing to Chobani, Inc.
- Represented KKR Credit Advisors in connection with a $160 million senior secured term loan for the acquisition of Vee Pak, LLC by Wind Point Investors III, L.P.
- Represented Hancock Capital Partners in connection with a $75 million issuance of senior subordinated notes of Phillips & Temro Industries.
- Represented a lender in connection with a $38 million second lien secured tranche of financing of leveraged buyout of home health care provider.
- Represented a lender in connection with a $50 million second lien term loan to a healthcare technology company that provides health and wellness engagement platforms to consumers.
- Represented AMP Capital in connection with a $100 million secured holdco financing of Astoria Project Partners.
- Represented The Blackstone Group in connection with the going-private transaction of China-based Pactera Technology International Ltd. The financing involved a $275 million U.S. high yield bond offering, a $30 million offshore revolving facility, a $45 million cash bridge facility and a $20 million equivalent PRC revolving facility.
- Represented The Blackstone Group in connection with $2.1 billion of financing for their acquisition of Emdeon, Inc.
- Represented Liberty Global in connection with a €2.66 billion high yield bond offering and a €80.0 million revolving credit facility for the acquisition of Unitymedia, Germany’s second-largest communication services provider.