Milbank, Tweed, Hadley & McCloy LLP recently represented the issuer and affiliates of KKR Asset Management LLC (KAM) in the structuring and issuance of $384 million of collateralized loan obligation (CLO) notes in a transaction in which GreensLedge Capital Markets LLC acted as arranger and placement agent and KKR Capital Markets LLC acted as placement agent. The CLO notes are collateralized primarily by a diversified portfolio of senior secured corporate loan obligations selected by and to be managed for the CLO issuer by KKR Financial Advisors II, LLC, a wholly owned subsidiary of KAM. KAM was formed in June 2004 as a subsidiary of Kohlberg Kravis Roberts & Co. L.P., a leading global investment firm with a 37-year history of leadership, innovation and investment excellence.
Partner Deborah M. Festa led the Milbank team, which included associates Nicole Doppelt, Jenna Hartnett, Sara Mischner, and Nick Robinson. Festa comments, “We were delighted to be a part of this transaction—among those kicking off what promises to be a prolific new year for the CLO market.”
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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 more than 145 years. Milbank is headquartered in New York and has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, 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, sector expertise and a strong tradition of innovation and client service.
