SCM Topco, parent of Salt Creek Midstream, closed on a recapitalization with additional investments from both its existing lender groups and funds managed by Ares Management.
Foresight Energy and all of its subsidiaries entered into a restructuring support agreement with ad hoc lender groups holding more than 73% of the approximately $1.4 billion in claims under each of Foresight Energy’s first lien credit agreement and second lien notes.
J.G. Wentworth reached an agreement with its lenders, led by Jefferies, to support its prepackaged restructuring plan. HPS Investment Partners provided a $65 million revolver to cover the company’s restructuring expenses.
The Wall Street Journal reported that online lender CAN Capital hired Jefferies to help revive its struggling business.
Bloomberg reported the $60 billion of oil industry spending cuts this year won’t be enough as crude oil prices languish near a six-year low.
Bloomberg reported Nine West Holdings, which will become a new company after Jones Group’s sale to Sycamore Partners, set the rate on a $470 million term loan backing the buyout, according to a Bloomberg source.
Bloomberg reported that computer software provider Deltek plans to lower the rate it will pay on a $450 term loan that is being arranged by the Jefferies Group.