HPS Provides $65MM Revolver to Support Wentworth Restructuring

J.G. Wentworth reached an agreement with its lenders, led by Jefferies, to support its prepackaged restructuring plan. HPS Investment Partners provided a $65 million revolver to cover the company’s restructuring expenses.

WSJ: Online Lender CAN Capital Hires Advisors to Restore Business

The Wall Street Journal reported that online lender CAN Capital hired Jefferies to help revive its struggling business.

Bloomberg: Crude Oil Prices Languish Near Six-Year Low

Bloomberg reported the $60 billion of oil industry spending cuts this year won’t be enough as crude oil prices languish near a six-year low.

Bloomberg: Nine West Said to Set Rate on Buyout Term Loan

Bloomberg reported Nine West Holdings, which will become a new company after Jones Group’s sale to Sycamore Partners, set the rate on a $470 million term loan backing the buyout, according to a Bloomberg source.

Deltek Said to Seek Lower Rate on Term Loan Deal

Bloomberg reported that computer software provider Deltek plans to lower the rate it will pay on a $450 term loan that is being arranged by the Jefferies Group.