GSO Provides Legacy Reserves Term Loan, Downsizes Revolver
Legacy Reserves executed a second lien term loan credit agreement with GSO Capital Partners to provide loans in an aggregate amount up to $300 million.
Legacy Reserves executed a second lien term loan credit agreement with GSO Capital Partners to provide loans in an aggregate amount up to $300 million.
Aspect Software received court approval for its pre-arranged agreement, which results in the reduction of more than $320 million of prepetition indebtedness. The arrangement was led by affiliates of GSO Capital, Guggenheim and MidOcean Credit Partners.
NewStar Business Credit provided a $15 million revolving credit facility to Atlas Group, a portfolio company of Graham Partners. Term loans were provided by NewStar Leverage Finance and strategic partner GSO Capital.
American Energy-Utica said it closed an offering of $750 million of subordinated notes and entered into an amendment to its credit facility led by GSO Partners increase its borrowing capacity to $950 million.
Velti announced the company closed the sale of its mobile marketing business to affiliates of GSO Capital Partners.