Milbank LLP represented the financing sources, including Oak Hill Advisors (“OHA”) and BMO Capital Markets (“BMO”), in connection with Carlyle’s (NASDAQ: CG) $1.5 billion acquisition of Worldpac, Inc. (“Worldpac”), a formerly wholly owned subsidiary of Advance Auto Parts, Inc. (NYSE: AAP). OHA and other lenders provided the unitranche financing facility, and BMO served as administrative agent on the company’s asset-based lending (“ABL”) facility.
Worldpac is a national distributor of aftermarket automotive parts offering an assortment of products covering import and domestic carlines, operating through a network of branch and distribution centers across the US and Canada.
The Milbank deal team was led by New York-based Global Leveraged Finance partners Marcus Dougherty, Charles Stern and Meir Hornung, along with associates Juyon Kang, Gregory Arpino, James Wang and Andrew Krueger and law clerks Harrison Makaruk and Vishnu Nagireddy.
