Milbank LLP represented HPS Investment Partners, LLC, as administrative agent, collateral agent and lead lender in a $180M senior secured first lien term loan facility for BlueLinx Holdings Inc., a leading distributor of building and industrial products in the United States. Proceeds from the facility were used, in part, to fund BlueLinx’s acquisition of Cedar Creek Holdings, Inc., a leading building products wholesale distributor, from Charlesbank Capital Partners.
Milbank's Direct Lending and Specialty Finance team was led by Practice Group Leader Al Pisa and special counsel John Britton and included associates Yigal Gross and John Gionis.
