Milbank LLP advised the financing sources led by Sumitomo Mitsui Banking Corporation in connection with the financing to support Blackstone Infrastructure Partners’ acquisition of a 19.9% non-controlling equity interest in NIPSCO Holdings II LLC (“NIPSCO”), which owns 100% of the equity interests in the regulated utility Northern Indiana Public Service Company, LLC.
NIPSCO is a regulated utility owned by NiSource Inc. (NYSE: NI).
The Milbank team advising on the financing was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Benjamin Sayagh along with associates Gregory Arpino, Jeffrey Turben and Lilia Chu, with advice from Alternative Investments Practice partner John Williams and associate Devan Zorn.
