June 9, 2021

Milbank Represents Banks in Financing for $4.7B Takeover of Signature Aviation

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Milbank LLP represented RBC Capital Markets, Barclays, HSBC, MUFG, Banco Santander, Truist and Sumitomo as the lead arrangers and Royal Bank of Canada as administrative agent in the financing to support the public takeover by Blackstone, Global Infrastructure Partners and Cascade Investment through a scheme of arrangement of Signature Aviation (“Signature”) (LON:SIG).

Signature is the world’s largest fixed base operation network for Business & General Aviation customers and the leading provider of global aviation support services, including ground handling, passenger and pilot amenities, technical support, hangar rental and fueling at 370 locations around the world. Signature also operates Signature Flight Support, the world’s largest FBO chain, with more than 200 locations worldwide.

The Milbank team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Benjamin Sayagh and Global Capital Markets partner Rod Miller and London-based European Leveraged Finance/Capital Markets partner Miko Bradford, Global Corporate partner Mark Stamp, with special counsel Merih Altay, along with associates Camille Gibeault, James Mackay, Henry Madell, Tom Neilson, Jenny Saufley, Janelle Vacchiano and George Zhang.