Milbank LLP represented Antares Capital LP as administrative agent and collateral agent and Antares Capital LP, MidCap Financial Trust, Churchill Asset Management LLC and Carlyle Global Credit Investment Management, L.L.C. as lead arrangers in connection with a $530 million first lien term loan facility and $75 million first lien revolving credit facility to support Olympus Partners’ acquisition of DS Smith Plastics, a leader in flexible and rigid packaging headquartered in Chicago, from DS Smith Plc, the London-based international packaging company.
Liquibox, a portfolio company of Olympus Partners, is a flexible liquid packaging and dispensing manufacturer headquartered in Richmond, Virginia with facilities in 23 locations around the world.
The Milbank Global Leveraged Finance team was led by partner Jerome McCluskey and included associates Ashley Rose, Ben Eisenstein, George K. Miller and Connor Adams. Also providing advice on various points in the transaction were Litigation and Antitrust partner Fiona Schaeffer, Tax partner Andrew Walker, Tax associate Archan Hazra and Intellectual Property associate Javier Ramos.
