Samson Resources announced that after gaining support for its proposed restructuring plan, it has taken the next step on by filing for Chapter 11 bankruptcy protection.
Bloomberg reported that KKR and Apollo Global Management are seeking to acquire GE’s inventory finance arm, a unit with $11 billion in assets.
Samson Resources is reportedly working with restructuring advisers, as a sharp decline in oil and gas prices complicates its efforts to stem losses and handle its multibillion-dollar debt load.
Sundrop Farms said KKR has provided growth capital to the company and its wholly owned subsidiary Sundrop Farms Australia. The proceeds will be used to expand Sundrop Farms’ glasshouse facility in South Australia.
Sportsman’s Warehouse announced that it refinanced its senior secured term loan with KKR’s credit business and increased its revolver with Wells Fargo Capital Finance to $135 million.
KKR announced that KKR Capstone, the operations group that works on KKR investments, appointed Matthew Claughton as a director in Sydney.
Amtek Global Technologies and KKR’s credit business announced the signing of definitive agreements under which KKR will provide AGT with €235 million ($293 million) of financing to replace its existing bridge loan.
Alvarex & Marsal signed a memorandum with Intesa Sanpaolo, KKR and UniCredit to develop and implement a solution to maximize the value of a selected corporate loan portfolio.
Reuters reported Blackstone Group and Goldman Sachs Group’s buyout arm said they agreed to acquire Ipreo Holdings from KKR.
Bloomberg reported KKR, TPG Capital and Goldman Sachs, the firms that acquired Energy Future Holdings in the biggest-ever leveraged buyout, would be all but wiped out in a reorganization plan being discussed, according to sources.