August 16, 2019

Milbank Represents Arrangers of $367.5M Term Loan Facility for Total Safety

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Milbank LLP represented Goldman Sachs Bank USA and Credit Suisse Loan Funding LLC as lead arrangers and Goldman Sachs Bank USA as administrative agent and collateral agent in the incurrence of a $330 million term loan and $37.5 million delayed draw term loan by Total Safety U.S., Inc. The term loan was used to refinance the Borrower’s existing debt and finance its acquisition of Sprint Safety, Inc.

Total Safety is a market leader in the provision of industrial safety services and equipment. Sprint Safety, Inc. provides specialized industrial equipment and solutions to the upstream, downstream and midstream sectors of the energy industry.

The Milbank Global Leveraged Finance team was led by partner Lauren Hanrahan and included associates Morgan Lingar, Kelly Flanagan and George K. Miller. Also providing advice on various points in the transaction were Tax partner Andrew Walker, Tax associates Archan Hazra and Ben Heller and Intellectual Property associate Javier Ramos.