Davidson Kempner Capital Management provided $204 million of debt financing to Playa Hotels & Resorts. In addition, according to an 8K, Deutsche Bank is serving as administrative agent on the fourth amendment to Playa Hotels & Resorts’ credit agreement.
Libbey received court approval of the first day motions of its voluntary Chapter 11 petitions, including approval of an initial $30 million of proposed DIP financing for which Cortland Capital Market Services is serving as administrative agent and collateral agent, according to an 8K.
PES Energy has filed for bankruptcy protection and entered into a proposed DIP financing agreement with holders of the company’s outstanding term loan debt providing for up to $100 million in new funding.
Sungard Availability Services successfully emerged from its “prepackaged” Chapter 11 restructuring. Cortland Capital Market Services agented on a DIP facility in the aggregate amount of $100 million to support the company’s restructuring.
Itafos signed an agreement with a syndicate of lenders to provide a $165 million secured term loan. Cortland Capital Market Services served as administrative agent.
According to Reuters, rideshare company Uber increased its self-arranged term loan B to $1.5 billion. Morgan Stanley served as financial advisor on the transaction.
Legacy Reserves amended its second lien term loan, with Cortland Capital Market Services serving as both administrative and second lien collateral agent and GSO Capital Partners acting as a lender. Legacy increased the aggregate commitments to $400 million.
Fifth Street Holdings entered into a $100 million amended and restated credit agreement with Sumitomo Mitsui Banking as administrative agent and Cortland Capital Market Services as collateral agent.
Key Energy Services will enter into new term loan and ABL facility in connection with its plan of reorganization. The funds will be provided by a syndicate of banks, led by Bank of America and Cortland Capital Markets.