Moelis & Company Archives

TPC Group Commences Chapter 11 to Deleverage and Recapitalize

TPC Group, a provider of products to chemical and petroleum-based companies, voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware.

MGG Investment Group Provides $100MM Term loan Facility to Spark Networks

Spark Networks, a social dating platform for meaningful relationships, completed the successful refinancing of its existing term and revolving loan facility with borrowings under a new term loan facility with MGG Investment Group.

March 15, 2022 David Clark | MGG Investment Group | Moelis & Company | Morrison & Foerster | Spark Networks Ian Koplin

Ares Management Provides $125M Non-Dilutive Debt Refinancing to Amryt

Amryt, a global, commercial-stage biopharmaceutical company dedicated to acquiring, developing and commercializing novel treatments for rare diseases, secured $125 million of senior credit facilities from funds managed by the credit group of Ares Management.

Oxford Finance Provides $45MM Senior Secured Loan Facility to CENTOGENE

Oxford Finance provided a $45 million senior secured loan facility to CENTOGENE, a commercial-stage company focused on generating data-driven insights to diagnose, understand and treat rare diseases.

Ares’ Private Equity Group Sells Farrow & Ball to Hempel Group

A fund managed by Ares Management’s private equity group signed a purchase agreement to sell Farrow & Ball, a UK-based manufacturer and retailer of paint and wallpaper, to Hempel Group.

Canyon Partners Provides $200MM Term Loan for NextWave

Canyon Partners provided NextWave with a $200 million senior secured first lien term loan facility. Proceeds from the facility will retire existing debt and provide operational funding and access to future capital.

Wells Fargo to Provide $30MM in Exit Financing for Jason Industries

The U.S. Bankruptcy Court for the Southern District of New York confirmed Jason Industries’ plan of reorganization, clearing the way for the company to complete its restructuring. Upon its exit from Chapter 11, Jason will enter into a $30 million ABL credit facility with Wells Fargo.

Chesapeake Energy Files Chapter 11, Secures $925MM DIP Financing Commitment

Alvarez & Marsal is serving as restructuring advisor to Chesapeake Energy, which voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas.

Wells Fargo Delivers $125MM DIP Facility to Extraction Oil & Gas

Extraction Oil & Gas voluntarily filed for petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. In connection with the filing, Wells Fargo Bank underwrote a $125 million debtor-in-possession financing facility.

AlixPartners Advises Jason Industries on Restructuring Plan

AlixPartners is acting as restructuring advisor to Jason Industries, which entered into a restructuring support agreement with certain of its senior secured lenders. Jason Industries also will pursue protection under Chapter 11 of the U.S. Bankruptcy Code.

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