FOR IMMEDIATE RELEASE
Adding to its extensive transatlantic financing work, Milbank, Tweed, Hadley & McCloy LLP represented Morgan Stanley, Goldman Sachs, KeyBank and Jefferies as joint lead arrangers and joint bookrunners for the first and second lien senior secured credit facilities in connection with the acquisition by American Securities of Chromaflo Technologies, a leading producer of proprietary, high-performance colorants and chemical dispersions.
The facilities were incurred by Dutch and US borrowers and were supported by a cross-border collateral and guarantee package, which consisted of US and foreign assets. The proceeds of the facilities, which included a $360 million first lien term loan facility, a $120 million second lien term loan facility and a $50 million multi-currency revolving credit facility, were used to finance the acquisition and refinance Chromaflo Technologies’ existing credit facilities.
The Milbank Global Leveraged Finance team was led by partner Marcus Dougherty and included associates Spencer Pepper, Allen Mintz, Faridat Arogundade and Daniel Groh-Wargo. Also providing advice on various points in the transaction were Intellectual Property associate Javier Ramos and Real Estate associate Lisa Brabant.
& McCloy LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC.
Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives.
