International law firm Milbank, Tweed, Hadley & McCloy LLP represented lead arranger Goldman Sachs in an acquisition finance transaction for Neovia Logistics Services, LLC, a global leader in industrial contract logistics.
The transaction consisted of a refinancing of the $75M Neovia Logistics Services, LLC revolving credit agreement in connection with the acquisition by affiliates of Goldman Sachs and Rhone Capital of the Neovia Logistics business from Platinum Equity. Additionally, Milbank represented Goldman Sachs as solicitation agent in connection with a solicitation of consents from holders of Neovia’s 8.875% Senior Secured Notes due 2020 and 10.00%/10.75% Senior PIK Toggle Notes due 2018 in order to amend the change of control provisions under each of the indentures governing the notes to facilitate the acquisition.
The Milbank Global Leveraged Finance team was led by partner Lauren Hanrahan and included associates Jonathan Brown and Christopher Kwan. The Securities team was led by partner Rod Miller and included associates Jessica Cunningham and Murray Gregorson.
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Milbank, Tweed, Hadley & McCloy is a leading international law firm that has been providing innovative legal solutions to clients throughout the world for nearly 150 years. Milbank is headquartered in New York and has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC.
The firm’s lawyers provide a full range of legal services to the world’s leading commercial, financial and industrial enterprises, as well as to institutions, individuals and governments. Milbank’s lawyers meet the needs of its clients by offering a highly integrated and collaborative range of services across key practice groups throughout its global network. Milbank’s integrated practice is underpinned by its attorneys’ acknowledged technical excellence, sectorial experience and a strong tradition of innovation and client service.
