Milbank Wins “Deal of the Year” at IFLR Awards 2023

Milbank LLP’s leveraged finance and capital markets team was honoured with an IFLR 2023 Deal of the Year award for its work on the financing of Bain Capital’s joint ownership agreement for Fedrigoni with BC Partners. Milbank represented the initial purchasers in connection with an offering of €725,000,000 senior secured floating rate notes due 2027 and €300,000,000 11.00% senior secured notes due 2027 by Fiber Bidco S.p.A.. This offering featured an innovative “cashless exchange” settlement option, pursuant to which existing floating rate noteholders were given the option to “rollover” their existing notes by exchanging them for new floating rate notes on a cashless basis in a private exchange offer.