Milbank LLP advised the joint lead arrangers and joint bookrunners in connection with Cirque du Soleil Entertainment Group’s (“Cirque du Soleil”) successful closing of a $550 million term loan B issuance to refinance its existing debt, and a new $100 million revolving credit facility. With this financing, Cirque du Soleil further deleveraged its balance sheet. Cirque du Soleil Entertainment Group is a world leader in live entertainment. In addition to producing world-renowned circus arts shows, Cirque du Soleil brings its creative approach to a large variety of entertainment forms, such as multimedia productions, immersive experiences, and special events. The Milbank team was led by New York-based partners Spencer Pepper and Evan Fleck along with associates Taylor Andrews, Nicole Rose, Jeremy Gopin and Skylar Luke.