Milbank LLP represented the financing sources in connection with Hims & Hers Health, Inc.’s (“Hims & Hers”) inaugural $175 million senior secured revolving credit facility. Hims & Hers is a telehealth company using a direct-to-consumer model to provide prescription medications, over-the-counter medications and personal care products.
In connection with the transaction, Milbank represented JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc. and Goldman Sachs Bank USA as joint lead arrangers and joint bookrunners.
The proceeds of the facility will be used for working capital and general corporate purposes of Hims & Hers and its subsidiaries.
The Milbank team was led by Global Leveraged Finance partner Kamal Nesfield, along with associates Julia Wennberg, Lilia Chu, Elizabeth Andreano and Annie O’Connor, law clerk Bianca Wieck and Corporate Finance and Securities partner Jonathon Jackson.
