Milbank LLP advised Citi as the sole lead arranger and sole bookrunner in connection with a $1.125 billion syndicated financing consisting of a $575 million term loan facility for HC Holding, S.A., an entity organized in Panama, and a $550 million syndicated secured term loan "A" and revolving credit facility for CHC US Beverage LP, based in Delaware. The two financings combined were used to fund the acquisition by Castillo Hermanos, a Guatemala-based multinational diversified business group, of Harvest Hill. Harvest Hill is a leading US beverage products player and one of the nation's largest independent branded beverage companies. Harvest Hill produces and sells fruit juices and other drinks under several brand names, including Juicy Juice, SunnyD, Little Hugs, Fruit2O and Nutrament.
The Milbank deal team was co-led by Corporate Finance and Securities partner Carlos Albarracín and Global Leveraged Finance partner Christopher Kwan, along with special counsel Andres Osornio Ocaranza, associates Christine Qin, Anderson Westerman, Pamela Molina and Ria Melhotra and international attorney Ernesto de la Peña.
