Following an auction as part of Lilis Energy’s Chapter 11 process, oil and natural gas company Ameredev Texas will acquire substantially all of Lilis Energy’s assets for a $46.6 million cash payment at closing. Opportune is serving as restructuring advisor to Lilis.
According to an 8K filed with the SEC, Bank of America served as administrative and collateral agent on a $2.4 billion asset-based revolving credit facility in connection with the merger of WillScot and Mobile Mini.
Opportune is serving as restructuring advisor to Lilis Energy, which filed petitions under Chapter 11 of the United States Bankruptcy Code to initiate voluntary cases in the United States Bankruptcy Court for the Southern District of Texas, Houston Division.
Calpine entered into a new seven-year $750 million term loan facility. Credit Suisse served as administrative agent for the transaction.
Online image aggregator and social media platform Pinterest filed a proposal with the SEC for an initial public offering of its Class A shares. Goldman Sachs, J.P. Morgan Securities and Allen & Company will serve as lead joint book-running managers for the offering.
Aluminum rolled products manufacturer Aleris International raised $1.5 billion in new debt financing. Deutsche Bank, New York Branch served as administrative agent on the transaction.
The SEC issued an enforcement action requiring Barclays Capital to refund advisory fees or sales charges to clients who were overcharged. In a settlement of more than $97 million, Barclays agreed to settle three sets of violations.
iStar has engaged JPMorgan, Barclays Capital and Bank of America Merrill Lynch to arrange a $450 million senior secured term loan facility.
Barclays Capital and Credit Suisse Securities (USA) have agreed to settle separate cases for violating federal securities laws while operating alternative trading systems known as dark pools and Credit Suisse’s Light Pool.
The SEC charged Barclays Capital with failing to maintain an adequate internal compliance system to ensure the firm did not run afoul of any federal securities laws after its U.S. wealth management business acquired Lehman’s advisory business in September 2008.