October 19, 2018

Milbank Advises Agents and Arrangers in Debt Financing for The Carlyle Group’s Acquisition of Majority Interest in NEP Group

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Milbank LLP advised Barclays, as administrative agent of the senior secured first lien credit facilities, JPMorgan, as administrative agent of the senior secured second lien term loan facility, and Barclays, JPMorgan, HSBC, Macquarie, MUFG and Mizuho, as joint lead arrangers and joint bookrunners of the credit facilities, for the acquisition by Carlyle Global Partners, The Carlyle Group’s long-duration private equity fund, of Crestview Partners’ remaining shareholding in NEP Group, Inc. The transaction closed on October 19, 2018.

NEP Group, Inc. is a worldwide outsourced technical production partner supporting premier content producers of live sports, entertainment, music and corporate events. Its services include remote production, studio production, audio visual solutions, host broadcast support, premium playout, post production and innovative software-based media management solutions.

The Milbank Leveraged Finance team was led by partners Marcus Dougherty and Charles Stern, and included associates Emily Rutcofsky and Alexander Youssef.