International law firm Milbank, Tweed, Hadley & McCloy LLP advised Credit Suisse as administrative agent and Credit Suisse, Citigroup Capital Markets, and SG Americas Securities as joint lead arrangers in the financing for the acquisition of Arctic Glacier Group Holdings, Inc. by affiliates of The Carlyle Group L.P. The facilities consisted of a senior secured term loan facility and a multi-currency senior secured revolving facility.
Arctic Glacier is a producer and distributor of high-quality packaged ice to consumers in the United States and Canada. Arctic Glacier operates 46 production plants and 52 distribution facilities across Canada and the northeastern, central and western United States servicing more than 75,000 retail accounts.
The Carlyle Group is a global alternative asset manager and one of the world’s largest global private equity firms with approximately $158 billion of assets under management across 281 investment vehicles as of December 31, 2016.
The Milbank Global Leveraged Finance team was led by partner Marcus Dougherty and included associates Charles Stern and Emily Rutcofsky.
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Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives. For more information, please visit www.milbank.com.
