Perella Weinberg Partners Archives - Page 2 of 4

Owl Rock Capital Group and Dyal Capital Partners Execute Business Combination Agreement

Owl Rock Capital Group and the Dyal Capital Partners division of Neuberger Berman Group entered into a definitive business combination agreement with Altimar Acquisition Corporation to form Blue Owl Capital, an alternative asset management firm with more than $45 billion in assets under management.

AlixPartners Serves as Restructuring Advisor to Oasis Petroleum in Chapter 11 Emergence

AlixPartners is acting as restructuring advisor to Oasis Petroleum, which recently completed its financial restructuring and emerged from Chapter 11, successfully restructuring its balance sheet and reducing its prepetition debt by $1.8 billion.

A&M Acts as Restructuring Advisor to Gulfport in Chapter 11 Filing

Gulfport Energy entered into a restructuring support agreement with more than 95% of its revolving credit facility lenders and certain noteholders. Alvarez & Marsal is serving as restructuring advisor to the company.

KPS Delivers $2.6B Stalking Horse Bid to Garrett Motion in Chapter 11

Garrett Motion obtained approval of stalking horse bidding protections for affiliates of KPS Capital Partners, including a $63 million termination fee and expense reimbursement that is subject to a limit of $21 million.

AlixPartners Advises Oasis Petroleum on Chapter 11, Restructuring Process

AlixPartners is acting as restructuring advisor to Oasis Petroleum, which filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.

DNB Agents Extension to Forbearance Agreement on Hermitage’s $132.9MM Term Loan

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.

August 3, 2020 DNB Bank | Hermitage Offshore Services | Perella Weinberg Partners | Skandinaviska Enskilda Banken Phil Neuffer

Ares Commits Additional Capital as Part of Salt Creek Recapitalization

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.

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.

Leveraged Finance Veteran Joins Perella Weinberg Partners

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.

May 22, 2020 Kevin Lockhart | Perella Weinberg Partners | Peter Weinberg Phil Neuffer

Equify Financial, Wilks Bros. Provide $15MM DIP to CARBO Ceramics

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.

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