NEW YORK, August 10, 2017 – International law firm Milbank, Tweed, Hadley & McCloy LLP represented the lead lender in connection with an $100,000,000 initial term loan and $80,000,000 delayed draw credit facility for a data center company. Proceeds from the facility will be used by the borrower to repay certain existing indebtedness, for general corporate purposes and, in the case of the delayed draw facility, to finance the acquisition of certain real estate and capital expenditures.
Milbank's Direct Lending and Specialty Finance team was led by Practice Group Leader Al Pisa and special counsel John Britton and included associates Lyle Greenberg and Jenny Talel and Jeremy Schonfeld from Milbank’s Real Estate team.
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