June 4, 2026

Milbank Advises Lenders to Naturion on Its Inaugural Financing

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Milbank LLP advised lenders to Naturion on its inaugural financing for the development and expansion of wetland and stream mitigation banks across the United States.

Naturion is a market leader in the wetland and stream mitigation industry. It builds and operates environmental infrastructure projects that restore degraded streams and wetlands and generate compensatory credits to allow infrastructure developers to offset environmental impacts.

The Milbank team was led by Infrastructure Finance partners Katie Hicks and Jonathan Toffolo, and associates Rhodri Lewis, Katharine Ward, Hattie Jones and Farvah Javaid. The team was supported by Global Project, Energy and Infrastructure Finance partner Dan Michalchuk, special counsel Jeffrey Susskind and associates Chelsea Minuche and Megan Funke, Corporate partners Matt Ahrens and Tom Goslin and special counsel John Garces, Tax partners Joel Krasnow and Andrew Walker and associate Michelle Song, Alternative Investments partners Joel Cavanaugh and Elizabeth Martinez and associate Serge Holodny, and Transportation and Space special counsel Pinky Mehta and associates Bijan Ganji and Melis Ulusel.