Milbank LLP has guided Yak Access, LLC, the nation’s leading provider of temporary access roads and related services, through a recapitalization and comprehensive restructuring of its capital structure. As a result of the efforts of Milbank and its other advisors, Yak obtained $196 million in new money commitments, as well as unanimous lender support to equitize over $470 million of funded debt. Yak announced the transaction in a press release on March 13, 2023. The Milbank team, comprised of attorneys based in the firm’s New York and Los Angeles offices, included Financial Restructuring partners Dennis Dunne and Samuel Khalil, special counsel Benjamin Schak and Brian Kinney, and associates Jimmy Santos and Eric Seltzer; Global Corporate partner Jason Anderson and associates Alex Wang, Roy Jackson, and Jesus Diego; Alternative Investment partner Al Pisa, special counsel Mary Santanello, and associates Susan Moskovits, Chirag Domadia, Kate Wright, and Jane Lee; and Tax partner Russ Kestenbaum. Alvarez & Marsal served as Yak’s restructuring advisor, and Houlihan Lokey served as Yak’s investment banker and financial advisor.