Milbank LLP represented Vantage Drilling International in connection with its $350 million offering of senior secured first lien notes due 2023.
Vantage, an international offshore drilling company focused on operating a fleet of modern, high specification drilling units, will use the proceeds to refinance the company’s first lien credit facility and second lien notes. The deal closed on November 30, 2018.
The Milbank deal team was led by Capital Markets partner Rod Miller, along with Capital Markets special counsel Sam Badawi and associates Cora Hillman, Alex Barlow and Annaliese Snodgrass and Leveraged Finance associates Sumita Ahuja, Morgan Lingar and Kelsey Bishop. The team also included Corporate partner Eric Reimer.
Mr. Miller said: “Milbank is pleased to have advised Vantage on such a unique deal structure which will allow for significant operating flexibility to pursue strategic growth and other initiatives.”
