International law firm Milbank, Tweed, Hadley & McCloy LLP represented Goldman Sachs Bank USA as administrative agent and lead arranger in connection with a $160 million incremental senior term loan facility for borrower FullBeauty Brands, Inc. The proceeds of this incremental senior term loan will be used to pay a portion of a $215 million special dividend to shareholders. FullBeauty Brands is a direct-to-consumer retailer for plus-size consumers, offering more than 10,000 products including products in women’s apparel, men’s apparel and home furnishings. The Milbank Global Leveraged Finance team was led by New York-based partner Jerome McCluskey and associates Parker Zhou and Gabrielle Paolini. Also providing advice on the transactions were Intellectual Property partner Lawrence Kass, Real Estate associate Lisa Brabant, Employment Benefits partner Joel Krasnow and associate Robin Heszkel and Tax partner Andrew Walker, special counsel Eschrat Rahimi-Laridjani and associate Erika Hauser.
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Milbank, Tweed, Hadley & McCloy LLP 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.
