In a transaction that closed on June 23, 2023, Milbank LLP advised a major investment bank as initial purchaser in a $651 million of securitization of fiber revenues, representing ALLO Communications’ first issuance of notes backed by its lit fiber networks. This transaction follows multiple digital infrastructure securitization transactions closed by the Milbank team in April and May 2023.
ALLO Communications is a telecommunications company offering fiber telephone, long-distance, broadband, internet, and television to residents and businesses.
The Milbank deal team was led by Alternative Investments partners Kathryn (Katie) Weiss and Michael Urschel along with Capital Markets partner Brett Nadritch, Executive Compensation and Employee Benefits partner Joel Krasnow, Tax partners Eschi Rahimi-Laridjani and Andrew Walker, special counsel Miranda Stupart and Craig Cohen, associates Amber Dong, Shermarkeh Hussein, Charlene Yin, Alex Becker and Jules Monteyne, law clerk Shuang Wu and others.
