Milbank LLP represented Wells Fargo and RBC Capital Markets, as joint lead arrangers, in connection with a $210 million upsize of Tecta America Corporation’s (“Tecta America”) first lien term loan credit facility and a $20 million upsize of Tecta America’s revolving credit facility. The proceeds of the upsize will be used to repay Tecta America’s second lien credit facility, pre-fund acquisitions under letters of intent and for general corporate purposes.
Based in Illinois, Tecta America is the nation’s leading commercial roofing company, with over 90 locations throughout the United States and Canada.
The Milbank team was led by New York-based Global Leveraged Finance partner Lauren Hanrahan with associates Morgan Lingar, Oscar Campos and James Wang.
