Milbank LLP represented the first lien and second lien administrative agent and lead arrangers in a $1 billion first‑lien term loan facility, a $75 million first‑lien revolving credit facility and a $250 million second‑lien term loan facility for LegalShield, to back a recapitalization of the company.
Founded in 1972, LegalShield is the world's largest platform for legal, identity and reputation management services protecting individuals and businesses across North America and providing legal service products direct-to-consumer through a network of experienced lawyers. LegalShield is owned by Stone Point Capital, Further Global Capital Management, MidOcean Partners and management.
The Milbank team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Charles Stern with assistance from associates Sara Hung, Alexis Soshnick, Wendy Becker and Hannah West.
