October 25, 2016

Milbank Represents Credit Suisse and Morgan Stanley in Financing for Rocket Software

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Milbank, Tweed, Hadley & McCloy LLP represented Credit Suisse Securities (USA) LLC and Morgan Stanley Senior Funding, Inc. as joint lead arrangers and joint bookrunners in connection with the senior secured credit facilities for Rocket Software, a leading global developer of software products headquartered in Waltham, Massachusetts. The proceeds of the facilities, which included a $675 million first lien term loan, a $195 million second lien term loan and a $35 million revolving credit facility, were used to pay the acquisition consideration for certain licensing and software source code, pay a special dividend to Rocket Software’s stockholders, Court Square Capital Partners, and refinance Rocket Software’s existing credit facilities.

The Milbank Global Leveraged Finance team was led by partner Marc Hanrahan and associates Spencer Pepper, George Zhang, Juyon Kang and Daniel Groh-Wargo. Also providing advice was associate Javier Ramos of Milbank’s Intellectual Property Group.

About Milbank

Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC.

Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives.