Milbank LLP has advised the arrangers in connection with a €1.3B syndicated term loan facility and the initial purchasers in connection with BCP V Modular Services Finance II PLC's offering of €600 million 6.5% senior secured notes due 2031. The proceeds of the bond offering and drawings under the term loan will be used to refinance certain existing senior facilities.
Modulaire, a leading provider of modular leasing services in Europe and Asia, meets the needs of a diversified customer base across the industrial, infrastructure and public sectors. With a global fleet of approximately 327,000 modular units across 23 countries, Modulaire services more than 53,000 customers through an established network of approximately 139 service centers and 13 design and assembly facilities. Its modular units provide customers with a wide range of attractive, cost-effective and environmentally friendly solutions for temporary space requirements.
The Milbank team was led by European Leveraged Finance/Capital Markets partners Sarbajeet Nag and Rebecca Marques, special counsel Varun Natteri Mangadu and James Simpson, associates Simeon-Henri de Vries, Andre Seah, James Aurelius, Christina Mouttet, Facundo Gonzalez Bustamante, Argyll Reid and trainee solicitor Yumi Noguchi.
July 17, 2025