Milbank LLP represented the administrative agent, the joint lead arrangers and the joint bookrunners in connection with the senior secured credit facilities of Crescent Midstream Intermediate Holdings, LLC (“Crescent Midstream”), comprising a $500 million term loan facility and $100 million revolving credit facility. Proceeds were used to refinance Crescent Midstream's existing debt.
Crescent Midstream is an independent energy company that provides crude oil transportation and storage services in the Gulf of Mexico and Louisiana. Crescent Midstream is a portfolio company of Carlyle.
The Milbank deal team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Charles Stern, along with associates George Miller and Annie O’Connor.
