Milbank LLP represented TD Securities (USA) LLC and CIT Bank, a division of First-Citizens Bank & Trust Company, as joint lead arrangers in connection with the financing for the acquisition of ImOn Communications, LLC (“ImOn”) by Goldman Sachs Asset Management’s infrastructure investing business. The financing included first lien credit facilities consisting of initial term A loans, revolving credit loans and delayed draw term loans.
Founded in 2007 and headquartered in Cedar Rapids, Iowa, ImOn is a leading broadband provider delivering ultra-high-speed internet, video and voice services to residential and commercial customers. In addition to providing a variety of fiber-based telecommunications services to residents and businesses, ImOn offers wholesale services to municipalities and utility providers.
The Milbank team was led by New York-based Global Leveraged Finance partner Lauren Hanrahan along with special counsel Gayle Berne and associates Diane Lee and Aaron Rudyan.
