Milbank LLP represented Barclays, Royal Bank of Canada, Jefferies, Citibank and Goldman Sachs as joint lead arrangers and bookrunners for the asset-based revolving credit facility and first and second lien term loan facilities in connection with American Securities LLC’s and management’s acquisition of FleetPride, Inc. from TPG Capital.
FleetPride is a leading national distributor of aftermarket parts for the US heavy-duty truck industry.
American Securities is a leading US private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA. American Securities and its affiliates have approximately $23 billion under management.
The Milbank Global Leveraged Finance team was led by partner Marcus Dougherty and included associates Spencer Pepper, Taylor Andrews, Kelly Flanagan and Joy-Annette Atsegbua.
