September 28, 2017

Milbank Represents Arrangers for the Acquisition of WebMD by KKR’s Internet Brands

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Milbank, Tweed, Hadley & McCloy LLP represented Credit Suisse, Royal Bank of Canada, Bank of America, Citibank, Macquarie and Mizuho as joint lead arrangers and joint bookrunners for the senior secured incremental $2.2 billion first lien term loan facility, $575 million second lien term loan facility and $150 million revolving credit facility in connection with the successful completion of the cash tender offer for shares of WebMD Health Corp., the leading source of health information, by Internet Brands, a KKR portfolio company.

The Milbank Global Leveraged Finance team was led by partners Marc Hanrahan and Marcus Dougherty and included associates Spencer Pepper, Faridat Arogundade and Alex Becker. Also providing advice on various points in the transaction was Intellectual Property special counsel Kristin Yohannan.