Tag Archives: Kirkland & Ellis

Washington Prime Group Completes Financial Restructuring, Reduces Debt by Nearly $1B

Washington Prime Group emerged from the Chapter 11 process, signifying the completion of the company’s financial restructuring and the implementation of its plan of reorganization. The company emerged from bankruptcy with its debt reduced by nearly $1 billion.

Apollo-Led Group to Become Majority Owners of Restructured Riverbed Technology

Riverbed Technology entered into a restructuring support agreement regarding the terms of a financial restructuring. Upon consummation of the recapitalization, a group of institutional investors led by Apollo Global Management will become the majority owners of the company.

Blackstone, Ares, PSP and Thoma Bravo Credit Support Thoma Bravo’s Acquisition of Stamps.com

Thoma Bravo completed its acquisition of Stamps.com for approximately $6.6 billion in cash. Blackstone Credit, credit funds managed by Ares Management, PSP Investments Credit II and Thoma Bravo Credit provided debt financing for the transaction.

IPC Systems Enters Agreement to Reduce Debt by More Than $400MM

IPC Systems entered into a transaction support agreement with its key stakeholders that will reduce the company’s debt by more than $400 million, extend its debt maturity schedule by five years and provide new capital of $125 million to deliver resources for investment in long-term growth strategies.

CitiGroup & Goldman Sachs Provide Financing to Support Avantor’s Acquisition of Masterflex

Avantor entered into a definitive agreement to acquire the Masterflex bioprocessing business and related assets of Antylia Scientific, a privately held, portfolio company of investment firms GTCR and Golden Gate Capital.

JPMorgan Chase Supports Vesey Street Capital Partners’ Recapitalization of Safecor Health

Vesey Street Capital Partners completed a recapitalization of Safecor Health, a provider of pharmaceutical unit dose packaging services for hospitals and health systems. JPMorgan Chase Bank provided debt financing to support the transaction.

Barclays and Credit Suisse Support US LMB’s Acquisition of American Construction Source

US LBM completed its acquisition of American Construction Source from Angeles Equity Partners and Clearlake Capital Group. Barclays and Credit Suisse led the debt financing for the transaction. Financial terms were not disclosed.