Milbank LLP advised the administrative agents and lead arrangers in connection with a new $1.03 billion term loan and revolving credit facility financing for Groundworks, LLC (“Groundworks”), the proceeds of which were used to refinance Groundworks’ existing debt.
Groundworks, owned by KKR, is an industry-leading residential foundation repair and water management solutions business with over 60 locations across the country.
The Milbank team advising on the financing was led by New York-based Global Leveraged Finance partners Marcus Dougherty and George Zhang, along with associates Nicole Rose, Michael Beyda and Favour Agunu.
