Milbank LLP represented the debt financing sources in connection with Haveli Investments’ $1.5 billion acquisition of Couchbase, Inc. (“Couchbase”) (NASDAQ: BASE), a developer data platform for critical applications in AI. The debt financing consisted of a $450 million OpCo term loan facility, a $40 million Opco revolving credit facility, and a $150 million HoldCo term loan facility.
The Milbank team advising on the Opco facility was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Spencer Pepper, along with associates Diane Lee, Ian Tomesch and Christelle Lobo; and the team advising on the HoldCo facility was led by Alternative Investments partners Al Pisa and John Britton, along with associates James Eland, Jackman Wilson and Madeline Byers.
