July 6, 2023

Milbank Advises Noteholders in Whole Business Securitization Restructuring for Coinstar

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In a transaction that closed on May 26, 2023, Milbank LLP advised a majority group of Class A-2 Noteholders in connection with a consent and restructuring process involving over $900 million in Class A-2 Notes issued in a whole-business securitization by Coinstar Funding, LLC.

The transaction was led by Milbank Alternative Investments partners Michael Urschel and Katie Weiss, Financial Restructuring partner Evan Fleck, Litigation & Arbitration partner Atara Miller, Global Leveraged Finance partner Christopher Kwan, special counsel Bert Eidson and associates Katie Forer, Charlene Yin, Chirag Domadia, Joseph DaSilva, Mitch Cooper, Jeff Zhou, Shuang Wu and James Wang.

Milbank has closed multiple complex securitization transactions in the second quarter of 2023.