Milbank LLP advised the lead arrangers and certain financing sources in connection with an amendment of Legence Corp.’s (NASDAQ: LGN) (“Legence”) $798 million term loan credit facility, extending its maturity and lowering its pricing, as well an extension and upsize amendment to Legence’s $200 million revolving credit facility. Legence is a provider of engineering, consulting, installation and maintenance services for buildings.
Shortly thereafter, Milbank represented the financing sources, led by Jefferies, in connection with a committed financing to support Legence’s acquisition of The Bowers Group, Inc., a mechanical contractor providing comprehensive mechanical and plumbing solutions for complex building systems.
The Milbank team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Benjamin Sayagh, special counsel Gabrielle Paolini Webster, and associates Qianfeng Lin and Xiao Chang.
