Perella Weinberg Partners Archives

Lands’ End Secures $260MM Term Loan from Blue Torch Capital and Other Lenders

Retail apparel company Lands’ End entered into a new term loan of $260 million. The lending group for the facility includes Blue Torch Capital, Sculptor Capital Management, JPMorgan and Arbour Lane Capital Management.

FTX Trading and Debtors File Initial Plan of Reorganization and Term Sheet

FTX Trading and its affiliated debtors filed an initial plan of reorganization and related term sheet with the U.S. Bankruptcy Court.

Centerbridge Partners Leads $665MM Credit Facility for Sabre

Sabre GLBL, a wholly-owned subsidiary of Sabre Corporation, entered into a commitment letter with lenders led by Centerbridge Partners for a $665 million senior secured credit facility to Sabre Financial Borrower LLC, a newly created, wholly-owned subsidiary of Sabre GLBL.

May 26, 2023 Centerbridge Partners | Davis Polk & Wardwell | Mayer Brown | Perella Weinberg Partners | Sabre Corporation Ian Koplin

ION Geophysical Corporation Commences Chapter 11 Process with DIP Financing

ION Geophysical filed for voluntary Chapter 11 relief in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The company also secured $2.5 million in debtor-in-possession financing.

April 13, 2022 FTI Consulting | ION Geophysical Corporation | Perella Weinberg Partners | Winston & Strawn Ian Koplin

Allspring Global Investments Commences Operations as Independent Global Asset Manager

Allspring Global Investments officially commenced operations as an independent asset management firm. This marks the close of the acquisition of Wells Fargo Asset Management by GTCR and Reverence Capital Partners. The firm’s new name, Allspring Global Investments, takes effect immediately.

Glass Mountain Enters Restructuring Support Agreement

Glass Mountain Pipeline Holdings, with the support of its equity sponsor, GEPIF Glass Mountain Pipeline, and lenders holding 66.97% of the company’s revolving and term loans, entered into a restructuring support agreement that provides for the elimination of more than $230 million in debt.

CitiGroup & Goldman Sachs Provide Financing to Support Avantor’s Acquisition of Masterflex

Avantor entered into a definitive agreement to acquire the Masterflex bioprocessing business and related assets of Antylia Scientific, a privately held, portfolio company of investment firms GTCR and Golden Gate Capital.

J.P. Morgan, BofA, KKR Provide Debt Financing to Support Acquisition of Cloudera

Cloudera entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice and KKR in an all-cash transaction valued at approximately $5.3 billion. J.P. Morgan, Bank of America and KKR Capital Markets committed to provide debt financing for the transaction.

U.S. Bankruptcy Court Approves Garrett Motion’s Plan of Reorganization

The U.S. Bankruptcy Court for the Southern District of New York confirmed Garrett Motion’s plan of reorganization, positioning the company to complete the implementation of the plan, which will be led by funds managed by Centerbridge Partners and Oaktree Capital Management.

Valaris Receives $520MM Capital Injection, Court Approval of Plan of Reorganization

Valaris received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged plan of reorganization. Valaris also will receive a $520 million capital injection through the issuance of a $550 million secured note.

Tag Archives: Perella Weinberg Partners