December 16, 2020

Milbank Advises Lead Arrangers on Debt Financing to Support Blackstone’s Clean Energy Investment in Therma Holdings and RE Tech

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Milbank LLP represented the debt financing sources and lead arrangers, Jefferies, MUFG Securities, BMO Capital Markets and Société Générale, to support affiliates of The Blackstone Group Inc.’s (“Blackstone”) (NYSE:BX) acquisition of Therma Holdings LLC (“Therma”), a leading specialty mechanical, electrical and controls services company and RE Tech Advisors, a leading energy and sustainability consulting firm. RE Tech will be integrated into Therma as part of the transaction.

The Global Leveraged Finance team was led by partners Marcus Dougherty and Benjamin Sayagh with associates Gabrielle Paolini, Nicole Rose and Sean Rail. Tax partner Eschi Rahimi-Laridjani and associates Corey Spector and Samantha Rocco provided advice on various points in the transaction as well.