Sarbajeet Nag

Milbank LLP advised the lead arranger and agents in connection with the maturity extension of Elanco Animal Health Incorporated’s (NYSE: ELAN) (“Elanco”) $750 million revolving credit facility. Elanco is a global leader in animal health, delivering products and services to prevent and treat disease in farm animals and pets. The Milbank team was led by New York Global Leveraged Finance partners Lauren Hanrahan and Christopher Kwan, together with associates Julia Wennberg, Angelica Body-Lawson and Ian Tomesch, with assistance from Frankfurt partner Thomas Ingenhoven, special counsel Thomas Möller and associate Miriam Arimond, and London partner Sarbajeet Nag and associate Venandah Madanhi. Milbank also previously advised on the approximately $5 billion financing of Elanco’s acquisition of Bayer AG’s animal health business.

Jul 3

1 min

Milbank LLP’s Leveraged Finance/Capital Markets team advised the financing sources in connection with PAI Partners’ acquisition of Audiotonix. British-based manufacturer Audiotonix is a global market leader in the design, engineering and manufacture of professional audio mixing consoles and related products. Audiotonix equipment is used on tours for major live acts, including Taylor Swift, U2 and Coldplay. It has the largest specialized R&D team in the professional audio mixing console market and its brands provide live sound support for TV, theatre and large-scale events, as well as concerts. The Milbank team was led by Global Leveraged Finance partners Sarbajeet Nag and Charles Stern, and associates Dhruv Kaushal, Alex Taylor and James Aurelius.

Jun 3

1 min

Milbank LLP represented Together, one of the UK’s leading specialist mortgage and secured loan providers, on the issuance by Together’s subsidiary Jerrold FinCo plc of its £450 million aggregate principal amount of 7 ⅞% senior secured notes due 2030 (“Notes”). This issuance is Together’s 12th high yield capital markets transaction led by Rebecca Marques and Ana Grbec. In addition to the issuance of the Notes, Milbank represented Together in connection with certain amendments of its revolving credit facility and a future amendment of its intercreditor agreement. The Milbank team was led by European Leveraged Finance/Capital Markets partners Rebecca Marques, Ana Grbec and Sarbajeet Nag, Alternative Investments partner James Warbey, and associates Maria C. Schweinberger, Abbey Dalgleish, Andrew Mavers and law clerk Harshavardhan Sunder. The team was also assisted by New York Tax partner Eschi Rahimi-Laridjani and associate Michelle Song, London Tax partner Alan Rafferty and associate Jade Du Berry, and New York Alternative Investments partner Catherine Leef Martin and special counsel Megha Kalbag.

Apr 12

1 min

Milbank LLP advised eir on the offering of €300 million 5¾% senior secured notes due 2029 and the repricing of its existing term loan B facility. The proceeds of the offering of notes will be used (i) to prepay a portion of the amounts drawn under existing senior secured term loan facility B maturing in May 2026 (ii) to partially redeem eir’s 1.75% senior secured notes due 2024 (iii) for general corporate purposes and (iv) for payment of fees and expenses. eir is the principal provider of fixed line telecommunications and the third largest provider of mobile telecommunications in Ireland. The Milbank team was led by European Leveraged Finance/Capital Markets partners Rebecca Marques and Sarbajeet Nag and associates Vasujith Ram, Pranahita Srinivas, Andrew Mavers, Harshavardhan Sunder and trainee solicitor Beth Constance. The team was also assisted by New York Leveraged Finance partner Michael Bellucci and associate Sean McMillon.

Jul 2

1 min

Milbank LLP's Leveraged Finance Group was recognized as Band 1 for Banking & Finance, Lenders: Big-Ticket, in the Chambers UK 2026 rankings. Clients commented that Milbank "is extremely professional and technical” and that the team is “highly experienced with complex structuring and multi-jurisdictional situations.”~~The team also received individual rankings, including partners Suhrud Mehta, Band 1;  Sarbajeet Nag, Band 4; Alexandra Grant, Band 5; and Laura Bonamis as Up & Coming.~~We are immensely grateful to our clients and the entire leveraged finance and capital markets ecosystem for the fantastic feedback and continued support for our team.

Oct 20

1 min