Benjamin Sayagh

Milbank LLP represented the financing sources in connection with a refinancing for Vensure Employer Services, Inc., led by Stone Point Capital Markets. The financing consisted of a $1.585 billion term loan, a $450 million delayed draw term loan and a new $140 million revolving credit facility. Vensure is a privately held organization in the HR technology and service sector. The Milbank deal team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Benjamin Sayagh, along with associates George Miller, Yuna Pyun, Catherine Cohen and Danielle Valentino.

Sep 27

1 min

Milbank LLP is honored to be recognized as a leading practice for banking and private credit in the Legal 500 and Chambers USA 2025 ranking guides. Marcus Dougherty, who leads the US leveraged finance practice and co-heads the global group, along with New York-based partners Lauren Hanrahan, Charles Stern, Benjamin Sayagh, Benjamin Miles and Spencer Pepper were also ranked as top attorneys in these practice areas.~~Milbank’s Global Leveraged Finance Group was ranked in Tier 1 for Commercial Lending: Advice to Bank Lenders in Legal 500’s United States and Global rankings, with the publication highlighting the team’s aptitude across LBO financings, private credit unitranches, recapitalizations and high-yield bridge financing transactions. In addition to the practice ranking, Ms. Hanrahan was featured as a Hall of Fame lawyer and Mr. Dougherty and Mr. Stern were ranked as Leading Partners for providing advice to bank lenders.~~Milbank was also ranked in Tier 1 for Commercial Lending: Advice to Direct Lenders/Private Credit in Legal 500’s United States and Global rankings – one of only three firms nationally to be recognized in the top tier. In addition, Mr. Dougherty, Ms. Hanrahan and Mr. Stern were individually recognized as Leading Partners for private credit.~~In Chambers USA’s Banking & Finance (New York) rankings, Milbank’s Global Leveraged Finance Group is recognized in Band 2, with clients commenting, “The Milbank team excels at finding solutions for even the most intricate of issues” and “Milbank delivers a fulsome product and never hesitates to bring in the right team required to get the job done.” “There are no holes in their practice. They have really broad and deep expertise and they help their clients get to a deal.” Individually, Mr. Dougherty was ranked in Band 1, with Chambers praising his practice, stating he “wins widespread acclaim for his frequent representation of investment banks and other lenders in commercial financings.” Clients note, “Marcus is super sharp, available at all hours and an excellent problem solver. He’s top-notch” and that he is “very client focused.” Also individually ranked for banking and finance, Mr. Hanrahan was recognized in Band 2, with a client commenting, “She is very client-focused,” and another touting, “You’re always in good hands with Lauren.” Mr. Stern and Mr. Sayagh were also ranked by the publication for banking and finance. “Charles Stern is always prepared and responsive. He’s incredibly talented at articulating his client’s position, both in live negotiations and in writing,” a client pointed out. Chambers mentions Mr. Sayagh for being “a very smart attorney who knows his documents.”~~In Chambers USA’s Private Credit (Nationwide) rankings, Milbank was ranked in Band 2, with Mr. Dougherty being individually featured among the top tier rankings for this practice areas. The publication noted, “Milbank offers excellent counsel to a wide range of clients in the private credit market.” Clients further highlighted the team’s strength, stating, “Milbank's deep bench of specialists and significant experience allows them to provide value in the most complex situations,” and “Milbank offers very talented counsel. They’re solution-oriented and target the issues that actually matter.”~~In IFLR1000’s rankings, the team was recognized in Tier 1 of the Banking rankings in the United States (Nationwide) and in Tier 1 of the regional New York rankings for Banking. Mr. Dougherty and Ms. Hanrahan were ranked as Market Leaders, the publication’s highest individual rankings, with Mr. Stern (Highly Regarded), Mr. Miles (Notable Practitioner), Mr. Sayagh (Rising Star) and Mr. Pepper (Rising Star) also being notably ranked. In addition, Ms. Hanrahan was recognized in the Women Leaders rankings.~~“The entire team of partners, special counsel and associates are grateful to have the opportunity to collaborate with our clients to deliver bespoke solutions for each financing transaction. We look forward to delivering the highest level of client service in the coming year.” Mr. Dougherty added.

Jun 24

3 min

Milbank LLP has advised Oaktree Capital Management and its affiliates (“Oaktree”) on a €425 million refinancing of a term loan facility to Scranton Enterprises, a leading healthcare and biosciences company based in the Netherlands, with operations in the United States, Germany and Hungary. Milbank acted as lead international and German counsel and advised Oaktree on all aspects of the transaction. Milbank’s co-counsel were NautaDutilh in Luxembourg and the Netherlands, Walkers (Ireland) LLP in Ireland, and Lakatos, Köves and Partners in Hungary. The Milbank team was led by Corporate Finance and Securities special counsel Varun Natteri Mangadu and Financial Restructuring partner Sinjini Saha, and included associates Diana Dai, Paavani Garg, Ryan Al-Hakim, Isabel Langlois and trainee Eamon MacDonald. US law advice was provided by partner Benjamin Sayagh and associate Christine Qin and German law advice was provided by partner Barbara Mayer-Trautmann and associates Susanne Baier and Marlon Kiechl.

Jul 31

1 min

Milbank LLP represented the lead arrangers in connection with a US$1.25 billion term loan B recapitalization for Rockpoint Gas Storage Partners LP. Rockpoint Gas Storage is an owner and operator of natural gas storage and management facilities in North America, owned by funds managed by Brookfield Asset Management. The Milbank deal team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Benjamin Sayagh, along with associates Julia Wennberg, Ian Tomesch and Andrew Krueger.

Sep 18

1 min

Milbank LLP advised the administrative agent and lead arrangers in the repricing of Janus International Group, LLC’s (NYSE: JBI) (“Janus”) existing $551 million term loan facility. Janus is a leading global manufacturer and supplier of turn-key self-storage, commercial and industrial building solutions. The Milbank team was led by Global Leveraged Finance partners Marcus Dougherty and Benjamin Sayagh, together with associates George Miller and Alvaro Aleman.

Feb 2

1 min