Milbank LLP advised Santander and Mizuho, as joint lead arrangers, in connection with the $1.1 billion term loan B facility for the acquisition of Traverse Midstream Partners, LLC (“Traverse Midstream”) by ePointZero, a global platform focused on specialized energy infrastructure and a subsidiary of 2PointZero Group.
The transaction grants ePointZero minority, non-operated interests in two critical US midstream assets – a 35% stake in the Rover Pipeline and a 25% stake in the Ohio River System (ORS), which are both operated by Energy Transfer, one of the largest and most established midstream operators in the United States.
The Milbank team was led by New York-based Global Leveraged Finance partners Marcus Dougherty, Spencer Pepper and Benjamin Sayagh, together with associates Joseph Principato, Christelle Lobo and Robert Kirschenbaum.
