Milbank LLP represented the debt financing sources to support the acquisition by an affiliate of Stonepeak Infrastructure Partners of Textainer Group Holdings Limited (“Textainer”) (NYSE: TGH; JSE: TXT). Under the terms of the definitive agreement, Textainer common shareholders will receive $50.00 per share in cash, representing an enterprise value of approximately $7.4 billion. The deal and financing are expected to close in 2024, subject to customary closing conditions.
Bermuda-based Textainer is one of the world's largest lessors of intermodal containers.
The Milbank team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Benjamin Sayagh along with associates Morgan Lingar and Patrick Sobchak.
