Bristow Files for Chapter 11 Proceedings; Lenders Commit to $75MM DIP

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 Closes $25MM Term Loan for Teligent

Teligent entered into a credit agreement with Highbridge Capital Management, an existing stakeholder.

Highbridge Capital Provides $48MM Facility to Inseego

Inseego entered into a refinancing transaction that included a $48 million term loan facility with Highbridge Capital Management.

Highbridge, Corre, Others Provide $100MM Facility for A.M. Castle

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.

WSJ: Miller Energy Files Chapter 11, Lenders Provide $20MM DIP

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.