April 21, 2017

Milbank Represents Arrangers and Book-running Managers in Bank and Bond Financing for Acquisition of Air Methods Corporation by American Securities LLC


International law firm Milbank, Tweed, Hadley & McCloy LLP acted as lead counsel to the joint lead arrangers in raising $1.375 billion of senior secured credit facilities and the joint book-running managers in placing $500 million of senior notes to finance the $2.5 billion take-private acquisition of Air Methods Corporation by an affiliate of American Securities LLC. The acquisition was accomplished through a tender offer for the outstanding common stock of Air Methods Corporation and closed on April 21, 2017.

Air Methods Corporation, a global leader in air medical transportation and tourism, is the largest domestic air medical transport provider in the $5 billion air medical market, serving 48 states with over 300 bases of operations. The lead arrangers on the bank financing were RBC Capital Markets, Morgan Stanley Senior Funding, Inc., Barclays Bank PLC, Citigroup Global Markets Inc. and Jefferies Finance LLC. The book-running managers on the bond offering were Morgan Stanley, RBC Capital Markets, Barclays, Citi and Jefferies.

The Milbank Global Leveraged Finance team was led by partner Marcus Dougherty and included special counsel Meir Hornung and associates Juyon Kang and Alex Becker.

The Milbank Capital Markets Group was led by partner Rod Miller and included associates Jonathon Jackson, Matt Kusel, James Ganley and Felipe Lima.

Also providing advice on various points in the transaction were: Tax partner Eschi Rahimi-Laridjani and associates Jules Mugema and David Hanno, Intellectual Property associate Javier Ramos, Employee Benefits associate Christina Skaliks, Real Estate associate Lisa Brabant, Global Corporate partners Scott Golenbock and Matt Ahrens and Transportation and Space partner James Pascale and associates David Berkery and Lafayette Greenfield.