Hermitage Offshore Services agreed to a 10-day extension of its previously announced forbearance agreement to its $132.9 million term loan facility with DNB Bank and Skandinaviska Enskilda Banken. DNB Bank is serving as agent and security agent.
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.
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.
Kevin Lockhart joined Perella Weinberg Partners as a partner in the company’s advisory business. Lockhart previously led Lockhart Creative Capital Solutions and worked in leveraged finance for BMO, Jefferies, Morgan Stanley and Goldman Sachs.
Equify Financial and Wilks Brothers will provide $15 million debtor-in-possession financing to CARBO Ceramics as part of a debt-for-equity exchange pursuant to a plan of reorganization in a Chapter 11 bankruptcy case.
Morgan Stanley, J.P. Morgan, Bank of America, BNP Paribas and Goldman Sachs acted as joint lead arrangers and bookrunners on a $2.2 billion 364-day secured term loan facility for Royal Caribbean Cruises. Morgan Stanley also served as administrative and collateral agent.
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.
Jeff Stute joined independent advisory firm Perella Weinberg Partners as a partner in its Advisory business in New York. In his new role, Stute will work closely with the global healthcare team.
Financial services firm Perella Weinberg Partners elected six team members to join the firm’s partnership. Those partners will include John Rusty D’Anna, Jason D. Forschler, Jeffrey P. Knupp, Alexander T. Tracy, James R. Wappler and Benjamin G. Wilcox.
Marcus Schenck joined Perella Weinberg Partners as a partner in the firm’s Advisory Business. Schenck will be based in the London office and focus on expanding PWP’s footprint in Germany, Europe and other markets.