Bristow Group has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. Its lenders provided a commitment for $75 million in debtor-in-possession financing that would be available upon Court approval.
Highbridge Capital Management, Corre Partners Management, Whitebox Credit Partners and WFF Cayman II closed a new $100 million facility for A.M Castle. The new facility was used to repay an existing revolving facility with Wells Fargo.
The Wall Street Journal reported that Miller Energy filed for bankruptcy with a plan to hand control over to an affiliate of Apollo Global Management and Highbridge Capital Management, which are providing $20 million of DIP financing.