NEW YORK, June 28, 2017 – International law firm Milbank, Tweed, Hadley & McCloy LLP represented HPS Investment Partners, LLC in providing a $292,573,765 term loan and $15 million revolving first lien credit facilities for Mood Media Borrower, LLC, a subsidiary of Mood Media Corporation, a provider of music, digital signage, hold music, on-hold messaging, scent, integrated audio/video, and interactive mobile marketing solutions. Proceeds from the facility were used by Mood Media Borrower, LLC to repay certain existing indebtedness, and for general corporate purposes, in connection with the comprehensive restructuring of the equity and debt capital structure of Mood Media Corporation pursuant to an arrangement under the Canada Business Corporations Act which saw funds managed by affiliates of Apollo Global Management, LLC and funds advised or sub-advised by GSO Capital Partners LP or its affiliates, become majority owners.
Milbank's Direct Lending and Specialty Finance team was led by Practice Group Leader Al Pisa and special counsel John Britton and included associates Brian Lee and Jeff Meyers.
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