December 19, 2018

Milbank Represents Financing Sources in American Securities LLC’s Acquisition of FleetPride, Inc.

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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.