August 1, 2022

Milbank Advises Arrangers in Acquisition Financing of Cirion (Lumen Technologies’ Latin American Business)

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Milbank LLP represented the arrangers and certain lenders in connection with acquisition financing for the acquisition by Stonepeak Infrastructure Partners of Cirion, Lumen Technologies, Inc.’s (NYSE: LUMN) Latin American business.  

Through its extensive fiber network footprint, data centers and network assets throughout all major South American countries, Cirion aims to assist companies of Latin America’s major industries to meet their telecommunications infrastructure needs, including by leveraging its ongoing partnership with Lumen to help ensure a seamless global experience and continuous service to all of Cirion’s customers in the region.

The Milbank team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Benjamin Sayagh and Global Capital Markets partners Jonathon Jackson and Carlos Albarracin with assistance from associates Edwin Bogert, Marcella Gurgel, Morgan Lingar, Lindsey Mahoney, Marina Carvalho Rodriguez, George Zhang, Patrick Sobchak, Nicholas Wallace and Eriq Yu.