Milbank LLP represented BNP Paribas as administrative agent and collateral agent and BNP Paribas Securities Corporation, Golub Capital Markets LLC, Keybanc Capital Markets Inc., ING Capital LLC and The Governor and Company of the Bank of Ireland as joint lead arrangers and bookrunners in connection with a $345 million secured term loan facility and a $60 million initial revolving credit facility. The proceeds of the term loan were used to support the acquisition of Spartech, LLC (“Spartech”) by an affiliate of The Jordan Company.
Based in St. Louis, Missouri, with 14 manufacturing facilities located throughout the United States, Spartech is a leading plastics manufacturer of engineered thermoplastic materials and specialty packaging products.
The Milbank Global Leveraged Finance team was led by New York-based partner Marcus Dougherty with associates Christopher Kwan, Jenny Saufley, Mitch Cooper and Jacques Zelnik.
