Milbank LLP represented the initial purchasers in connection with the $300 million offering of 7.75% senior notes due 2026 by AmWINS Group, Inc., a leading global distributor of specialty insurance products and services. Milbank also represented the joint lead arrangers and joint bookrunners in connection with a $290 million incremental first lien term loan borrowed by AmWINS.
This was AmWINs’ inaugural 144A/Reg S notes issuance. The proceeds of the notes and the incremental first lien term loan were used to refinance AmWINS Group’s outstanding second lien term loan and to pay a dividend to its owners.
The Milbank deal team was led by Capital Markets partner Rod Miller and Leveraged Finance partner Lauren Hanrahan, along with Capital Markets special counsel Lesley Janzen and associates Stephanie Keats, Elizabeth McNichol and Jacqueline Durand and Leveraged Finance associates Christopher Kwan and Ben Eisenstein. The team also included Tax partner Andrew Walker and associate Archan Hazra.
