Milbank Advises Oaktree Capital Management in Relation to Its €425M Financing of Scranton Enterprises

Milbank LLP has advised Oaktree Capital Management and its affiliates (“Oaktree”) on a €425 million refinancing of a term loan facility to Scranton Enterprises, a leading healthcare and biosciences company based in the Netherlands, with operations in the United States, Germany and Hungary.

Milbank acted as lead international and German counsel and advised Oaktree on all aspects of the transaction. Milbank’s co-counsel were NautaDutilh in Luxembourg and the Netherlands, Walkers (Ireland) LLP in Ireland, and Lakatos, Köves and Partners in Hungary.

The Milbank team was led by Corporate Finance and Securities special counsel Varun Natteri Mangadu and Financial Restructuring partner Sinjini Saha, and included associates Diana Dai, Paavani Garg, Ryan Al-Hakim, Isabel Langlois and trainee Eamon MacDonald. US law advice was provided by partner Benjamin Sayagh and associate Christine Qin and German law advice was provided by partner Barbara Mayer-Trautmann and associates Susanne Baier and Marlon Kiechl.