Milbank LLP represented the financing sources in connection with a refinancing for Vensure Employer Services, Inc., led by Stone Point Capital Markets. The financing consisted of a $1.585 billion term loan, a $450 million delayed draw term loan and a new $140 million revolving credit facility.
Vensure is a privately held organization in the HR technology and service sector.
The Milbank deal team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Benjamin Sayagh, along with associates George Miller, Yuna Pyun, Catherine Cohen and Danielle Valentino.
