Noble Corporation entered into a restructuring support agreement with two ad hoc groups of the largest holders of the company’s outstanding bond debt. In addition, JPMorgan Chase will serve as administrative agent on a $675 million secured revolving credit facility for Noble Corporation.
Alvarez & Marsal is serving as restructuring advisor to Chesapeake Energy, which voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas.
AlixPartners is serving as financial advisor to Skillsoft, which entered into a restructuring support agreement with a majority of its first and second lien lenders and filed prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware.
AlixPartners is acting as restructuring advisor to Jason Industries, which entered into a restructuring support agreement with certain of its senior secured lenders. Jason Industries also will pursue protection under Chapter 11 of the U.S. Bankruptcy Code.
Alvarez & Marsal North America served as restructuring advisor, Evercore served as financial advisor and Kirkland Ellis served as legal counsel to Tapstone Energy in connection with the conclusion of a comprehensive financial restructuring.
Liberty Oilfield Services entered a $175 million term loan and a $250 million asset-based revolving credit facility. Houlihan Lokey Capital and Wells Fargo Securities were lead placement agents.
Emerge Energy Services closed a transaction to acquire Osburn Materials for $20 million. The transaction was funded with a new term loan provided by a bank group with U.S. Bank serving as disbursing agent and collateral agent.
LDiscovery and Corporate Risk Holdings announced a definitive purchase agreement under which LDiscovery will acquire Kroll Ontrack. RBC Capital Markets is serving as M&A advisor to LDiscovery.
GateHouse Media and and certain subsidiaries have emerged from prepackaged chapter 11. Houlihan Lokey Capital acted as financial advisor, and Young Conaway Stargatt & Taylor acted as legal counsel.
Aquilex Holdings announced it entered into an agreement to acquire Inland Industrial Services Group. GE Capital provided a facility to finance the acquisition.