Valaris received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged plan of reorganization. Valaris also will receive a $520 million capital injection through the issuance of a $550 million secured note.
Post Road Group closed a $25 million senior secured loan to refinance debt for Compute North, a computer infrastructure and cryptocurrency mining company.
Onex Corporation acquired Falcon Investment Advisors, a U.S. private credit manager. The combined platform will merge Falcon’s specialized private credit investing with the investment and origination capabilities of Onex Credit and the broader Onex franchise.
Deutsche Bank provided debt financing for middle market private equity firm J.F. Lehman & Company’s acquisition of ENTACT, a provider of environmental remediation and geotechnical services.
AlixPartners served as restructuring advisor to UTEX Industries in its emergence from Chapter 11. The financial restructuring reduced UTEX’s funded debt by approximately $700 million and provided $42.5 million in new financing.
Tom Goldrick joined gHoulihan Lokey’s transaction advisory services practice as a managing director and head of M&A tax services. Goldrick served at KMPG for 13 years, where he was most recently was a managing director in its M&A tax practice.
The Secured Finance Network’s 76th Annual Convention, “This Way Forward,” will take place from Nov. 17 to 19 and will cover financial, economic and political disruptions that banks and finance companies face in the midst of a pandemic and the aftermath of the U.S. election.
Pacific Drilling and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11. Greenhill & Co. is acting as financial advisor, Latham & Watkins and Jones Walker are acting as legal counsel and AlixPartners is acting as restructuring advisor.