Milbank LLP advised Royal Bank of Canada as administrative agent, lead arranger and lender in connection with the refinancing of Societal CDMO, Inc.’s (“Societal”) (NASDAQ: SCTL) existing term loan facility, for a new Term Loan A debt facility for up to $37.5 million to be funded subject to certain terms and conditions.
Societal is a bi-coastal contract development and manufacturing organization (“CDMO”) with capabilities spanning Pre-Investigational New Drug development to commercial manufacturing and packaging.
The Milbank team was led by New York-based Global Leveraged Finance partner Benjamin Sayagh along with associates Mitch Cooper and Jeffrey Turben.
