Milbank LLP represented Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC, BMO Capital Markets Corp., Capital One, National Association and MUFG Union Bank, N.A. as joint lead arrangers and Goldman Sachs Bank USA as administrative agent and collateral agent of a $600 million term loan for American food manufacturer Del Monte Foods, Inc. (“Del Monte”), a US subsidiary of Del Monte Pacific Limited. The term loan was used primarily to redeem Del Monte’s $500 million senior secured notes due to mature in 2025.
Headquartered in Walnut Creek, California, Del Monte is one of the country’s largest producers, distributors and marketers of branded processed food for the US retail market.
The Milbank Global Leveraged Finance team was led by partner Lauren Hanrahan and included associates Jessica Jolivette, Hannah West and Mackenzie Martin.
