Kirkland & Ellis Archives - Page 4 of 16

Crescent Capital BDC Completes Merger with First Eagle Alternative Capital BDC

Crescent Capital BDC merged with First Eagle Alternative Capital BDC. The combined company, which will remain externally managed by Crescent Cap Advisors, a subsidiary of Crescent Capital Group, has more than $1.6 billion of assets on a pro forma basis based on Dec. 31, 2022 financial information.

Live Oak Bank and NorthCoast Mezzanine Support Five Point’s Investment in Yandell

Fort Point Capital invested in The Yandell Family of Companies, a transportation, warehousing, logistics and value-added service provider serving the wine, food and beverage industries. Live Oak Bank and NorthCoast Mezzanine provided debt financing for the transaction.

Avaya Holdings Enters into Restructuring Support Agreement with Secured Lenders

Avaya Holdings, a provider of solutions to enhance and simplify communications and collaboration, entered into a restructuring support agreement with overwhelming support of more than 90% of the company’s secured lenders.

Altera Infrastructure Emerges from Chapter 11

Altera Infrastructure, a supplier of infrastructure assets to the offshore energy industry, emerged from the Chapter 11 process in the United States Bankruptcy Court for the Southern District of Texas after successfully consummating its chapter 11 plan of reorganization.

Bank of America and Wells Fargo Support Express’ Refinancing

Fashion apparel retailer Express entered into two transactions in support of a comprehensive plan to refinance its capital structure and expand its liquidity access while concurrently reducing interest rate exposure and providing flexibility to pay down its outstanding term debt balance.

November 29, 2022 Bank of America | Express | Jason Judd | Kirkland & Ellis | wells fargo Ian Koplin

Carlyle Global Credit and Owl Rock Capital Support Turn/River’s Acquisition of Tufin

Tufin completed its acquisition by Turn/River Capital in an all-cash transaction valued at approximately $570 million. Financing for the transaction is being provided by Carlyle Global Credit and Owl Rock Capital pursuant to a senior secured credit facility agented by Carlyle Global Credit.

Carestream Health Enters Recapitalization Process with Lenders

Carestream Health is taking the planned next step to implement the recapitalization process with its lenders by voluntarily filing for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

Cerberus Supports Kingwood Capital Management’s Acquisition of Support Services Group

Kingswood Capital Management acquired Support Services Group (SSG), a provider of global omnichannel contact center solutions. Cerberus Business Finance provided debt financing for the acquisition.

Altera Infrastructure Executes RSA with Secured Lenders, Enters Chapter 11

Altera Infrastructure and certain of its subsidiaries executed a restructuring support agreement (RSA) with approximately 71% of Altera’s funded debt obligations, which includes Brookfield and a super-majority of its bank lenders.

Guggenheim Securities Advises QinetiQ on Acquisition of Avantus Federal

QinetiQ entered into a definitive agreement to acquire Avantus Federal from NewSpring Holdings for an enterprise value of $590 million. Guggenheim Securities served as exclusive financial adviser to Avantus and NewSpring Holdings, and Baker Tilly provided financial due diligence expertise.

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