Milbank LLP’s Global Leveraged Finance team was ranked as one of the top advisers to lenders within the syndicated loan market across multiple year-end North America league table rankings, as published by Debtwire Par, Bloomberg and Refinitiv. Debtwire also featured Milbank for advising lead lenders on the largest leveraged loan deal of 2025 – the $8.6 billion term loan for Medline’s refinancing, in addition to featuring Milbank’s role on the $6.5 billion refinancing for BMC Software, which rounded out the list as one of the top ten largest deals of 2025. Highlights of Milbank’s 2025 year-end rankings include:
Debtwire Par
- North America Buyout Leveraged Loans – Lead Bank’s Counsel (by Value): Milbank was ranked #2 [with a 17.6% market share]
- North America Buyout Leveraged Loans – Lead Bank’s Legal Counsel (by Deal Count): Milbank was ranked #2
- North America Buyout Institutional Loans – Lead Bank’s Legal Counsel (by Value): Milbank was ranked #2
- North America Buyout Institutional Loans – Lead Bank’s Legal Counsel (by Deal Count): Milbank was ranked #1*
- North America Institutional Loans – Lead Bank’s Legal Counsel (by Value): Milbank was ranked #4
- North America Institutional Loans – Lead Bank’s Legal Counsel (by Deal Count): Milbank was ranked #4
*tied ranking
Bloomberg
- US Leveraged Finance: Legal Adviser to Manager/Lender (by Volume and Deal Count): Milbank was ranked #4
- US Loans: Legal Adviser to Lender (by Volume): Milbank was ranked #4
- US Leveraged Loans: Legal Adviser to Lender (by Volume): Milbank was ranked #4
Refinitiv
- US: Lender Legal Adviser (Leveraged by Deal Count): Milbank was ranked #5
- US: Lender Legal Adviser (Leveraged by Volume): Milbank was ranked #5
In addition to its placement across the North American league tables, Milbank’s Global Leveraged Finance team was ranked as the #4 legal adviser to lenders for global loans by value, with deal values totaling about $277 billion, according to Bloomberg’s global legal adviser 2025 year-end league table rankings for syndicated loans.