Milbank LLP represented Texas Capital Bank, as sole arranger and bookrunner of the term loan, in connection with a $1.525 billion refinancing for telecommunications provider Global Tel*Link Corporation (d/b/a “ViaPath”), including a $1.375 billion term loan and a $150 million super-priority revolving credit facility.
ViaPath provides communications systems and management solutions to correctional facilities, as well as education products that assist incarcerated individuals with their rehabilitation.
The Milbank deal team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Lauren Hanrahan, along with associates Emily Rutcofsky, Angelica Body-Lawson and Joseph Principato.
