Akin Advises Millrose Properties in $1.8 Billion Credit Facility
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(Dallas and New York) – Akin advised Millrose Properties, Inc., the leading homesite option platform for residential homebuilders, in connection with a $1.835 billion borrower‑side unsecured credit facility, consisting of a $1.335 billion revolving credit facility and a $500 million delayed‑draw term loan facility, with a maturity of March 25, 2030. The facility also includes an uncommitted accordion feature permitting total commitments of up to $2.5 billion.
The Akin team was led by finance partner Alan Laves and included corporate practice co-head Zachary Wittenberg; finance partner Matthew Bivona; finance counsel Trevor Vega; and associates Brady Pedneau and Kathryn Faulk.
For additional information on the transaction, please click here.
Akin is a leading international law firm with more than 1,000 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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