Adding to the firm’s extensive cross-border financing work, Milbank LLP represented Credit Suisse and Barclays in their capacities as joint lead arrangers, joint bookrunners and administrative agents in connection with EnTrans International, LLC’s refinancing facilities consisting of a $75 million senior secured asset-based revolving credit facility and a $225 million senior secured term loan facility. The proceeds were used to refinance EnTrans’ existing indebtedness and preferred stock. The senior secured asset-based revolving credit facility was supported by a cross-border collateral and guarantee package, which consisted of US, Canadian and Mexican assets.
EnTrans International, LLC, a portfolio company of American Industrial Partners, is a leading manufacturer of a diverse set of trailerized transportation and energy products sold under well-recognized brand names including Heil Trailer, Polar, Kalyn Siebert, Jarco, and SERVA, among others. Products include aluminum and stainless steel tank trailers, specialty trailers, and oil & gas stimulation and completion equipment. In addition, the company operates the largest independent national network of tank trailer service and parts centers under the PSC (Polar Service Centers) brand name.
The Milbank Global Leveraged Finance team was led by partners Marc Hanrahan and Michael Bellucci and included associates Spencer Pepper, Faridat Arogundade, Ben Eisenstein and Anya Andreeva.
