![Milbank LLP [Suhrud Mehta]](https://www.milbank.com/a/web/euTXYYe9CYbrWe86ryopLD/8ADADw/mehta-suhrud-lon-web.jpg "Milbank LLP [Suhrud Mehta]")
Adding to their extensive transatlantic financing work, Milbank, Tweed, Hadley & McCloy LLP represented Credit Suisse, Jefferies, UBS, Bank of America and Société Générale as joint lead arrangers and joint bookrunners for the senior secured first lien credit facilities in connection with the acquisition by Avast Software, an antivirus software and internet security services company headquartered in Prague, Czech Republic, of NYSE-listed AVG Technologies, a global leader in security software headquartered in Amsterdam, Netherlands.
The facilities were incurred by Czech, 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 $1.2 billion US dollar denominated term loan tranche, a €400 million Euro denominated term loan tranche and a $85 million multi-currency revolving credit facility, were used to purchase shares tendered by stockholders of AVG Technologies and to refinance Avast Software’s and AVG Technologies’ existing credit facilities. The Milbank Global Leveraged Finance team was led by partner Marc Hanrahan and included associates Spencer Pepper, Gabrielle Paolini and Emily Rutcofsky. Also providing advice were Global Leveraged Finance partners Suhrud Mehta and Douglas Landy and associates Alexandra Schofield, James Kong, and Javier Ramos.
About Milbank
Milbank, Tweed, Hadley & 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.
