October 5, 2026

Milbank Advises Financing Sources on $2.82B Financing for Lindsay Goldberg's Acquisition of Alro Steel Corporation

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Milbank LLP represented the financing sources in financing transactions totaling $2.82 billion, including $935 million aggregate principal amount of 7.375% senior secured notes due 2033, a new senior secured first-lien term loan facility in an aggregate principal amount of $1.135 billion and a new senior secured asset-based revolving credit facility with commitments of $750 million.

The New York-based Milbank Global Leveraged Finance team was led by partners Marcus Dougherty, Spencer Pepper and Meir Hornung, along with associates Natasha Graham, Nick Morgan, Madison Ailts, Christelle Lobo and Robert Kirschenbaum. The Milbank Corporate Finance and Securities team was led by Rod Miller, along with special counsel Ryan DeFord and associates Simone Arthur and Catherine Bulger.