Milbank LLP (“Milbank”) represented the lenders in the acquisition by certain affiliates of American Securities of adhesives and performance material producer Hexion Holdings Corporation (“Hexion”).
Milbank’s clients include Goldman Sachs Bank USA, Royal Bank of Canada, RBC Capital Markets, Morgan Stanley Senior Funding, Inc., BofA Securities, Inc., Deutsche Bank, Barclays Bank PLC and Jefferies Finance LLC as arrangers in connection with a $1.40 billion first lien term loan facility, a $425 million second lien term loan facility and a $175 million ABL facility.
Based in Columbus, Ohio, Hexion is a global leader in thermoset resins serving the global adhesive, coatings, and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries.
The Milbank team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Benjamin Sayagh, special counsel Meir Hornung and associates Juyon Kang, Jessica Jolivette and George Miller.
