Milbank LLP

Congratulations to Milbank partner Kelsey Baumberger, a member of the firm’s Direct Lending and Specialty Finance practice, who has been named to Bloomberg Law’s 2025 “They’ve Got Next: The 40 Under 40,” which recognizes the accomplishments of stellar young lawyers nationwide. Learn more: https://lnkd.in/eZJWQvKY

Milbank special counsel Anastasia Pastan will moderate a panel at the 52nd Annual Conference on International Antitrust Law and Policy, hosted by the Fordham Competition Law Institute and sponsored by Milbank, taking place from September 17-19.   During the conference, which is widely recognized as one of the premier events in the field, Anastasia and her fellow panelists will explore the antitrust landscape under the current administration.   Learn more: https://lnkd.in/gch-j9hi

Black Hills Corp. (NYSE: BKH) and NorthWestern Energy Group, Inc. (d/b/a NorthWestern Energy) (Nasdaq: NWE) have announced that each company’s board of directors has unanimously approved a definitive agreement to combine in an all-stock, tax-free merger that will create a premier regional regulated electric and natural gas utility company with a pro forma market capitalization of approximately $7.8 billion and a combined enterprise value of $15.4 billion, based on each company’s closing stock price as of August 18. Milbank is advising Greenhill & Co., a Mizuho affiliate serving as exclusive financial advisor to NorthWestern, in connection with the transaction. The Milbank team advising Greenhill is led by Global Corporate/M&A partners Iliana Ongun and Scott Golenbock with associate Katerina Dvalishvili. Read more: https://lnkd.in/eHpE8MAb

Milbank is advising the financing sources in connection with Apollo-managed funds’ acquisition of the majority stake in Kelvion, from funds advised by Triton. The Milbank team is led by European Leveraged Finance/Capital Markets partners Suhrud Mehta, Apostolos Gkoutzinis, Rebecca Marques and Sarbajeet Nag, with associates Michael Gatter, Maria C. Schweinberger, Katherine Williams, Alexandros Makris and Irene Vazquez Scortti and trainee Jamie Crosbie Chen. Read more: https://lnkd.in/ejDDNaan

Jacqueline Chan, a partner in Milbank’s Singapore office, participated in a panel discussion on distressed corporate financing transactions at the 2025 Singapore Global Restructuring Initiative Conference on August 5. The conference offered critical insights into navigating complex financial challenges in a rapidly evolving global landscape.   The event brought together leading scholars, judges, practitioners and policymakers with a purpose to discuss key developments in international finance and distressed transactions across the region.   Learn more about the conference: https://lnkd.in/eWyJwyFJ

Milbank advised the initial purchasers in connection with the $300 million inaugural offering of 9.500% senior notes due 2032 by Boroo Investments Pte. Ltd.   The Milbank deal team was led by Corporate Finance and Securities partners Carlos T Albarracin in New York and Giles Kennedy and Terrence O'Donnell in Singapore, with New York special counsel Gonzalo Guitart and associates Marco Zaldívar, Siak G. and Martha Schmidt along with Singapore associate Kris Singh.   Read more: https://lnkd.in/e2TefnMB

Milbank advised BNP Paribas as mandated lead arranger and facility agent in connection with the establishment of a Sinosure-covered import financing facility for YPF Energía Eléctrica S.A. and an initial term loan financing of $30 million, the proceeds of which will be used to fund capital costs related to the CASA Wind Farm in Southern Argentina.   The Milbank deal team was led by Corporate Finance & Securities partner Carlos T Albarracin with associate Marco Zaldívar and international attorney Manuel Etchevehere.   Read more: https://lnkd.in/eYkfi-Wi

Milbank advised the bank and private placement funders to Nevel Oy on its approximately €665 million refinancing through a mix of multicurrency bank loans and private placement notes. The Milbank team was led by Infrastructure Finance partners Katie Hicks and Jonathan Toffolo, special counsel Andrew Lowndes, associates Hattie Jones, Dhruv K., Obinna M., Anavi Rehan, Harry Struss and Argyll Reid and trainees Jamie Crosbie Chen and Tom Shurman.   Read more: https://lnkd.in/eHr3JnME

Milbank’s Latin America Corporate Finance and Securities practice advised on over $25 billion in capital markets offerings and financings in the first half of 2025, underscoring the team’s commitment to delivering strategic counsel on some of the region’s most prominent and innovative transactions.   These offerings and financings represent a wide variety of transactions across the oil and gas, retail, power and energy, financial services and manufacturing industries, including sovereign bonds, structured and secured bonds, investment-grade bonds, high yield bonds and loans.   Learn more: https://lnkd.in/ea8ebt3q

Milbank advised Natixis as lender in connection with a powered land financing for Yondr, a global developer, owner and operator of hyperscale data centers. The transaction supports the expansion of Yondr’s next-generation data center campus infrastructure in a key US market, helping to meet rising demand for scalable, energy-ready facilities driven by cloud computing and AI technologies. The Milbank team was led by Real Estate partner Alex Meirowitz and Dan B., chair of the firm’s Global Project, Energy and Infrastructure Finance Group, along with Global Project, Energy and Infrastructure Finance partner Jaime Ramirez and associate Sama Rahman; and Real Estate associates Christina Wing and Daniel Acosta. Read more: https://lnkd.in/epitCMNg