Rothschild & Co Archives

Nordic Aviation Capital Files Chapter 11, Receives $170MM in DIP Financing

Nordic Aviation Capital entered into a restructuring support agreement with its equity holders and lenders and filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. As part of the restructuring, the company obtained $170 million in debtor-in-possession financing.

Alpha Latam Management Receives Approval of Sale of Colombian Assets to CFG Partners

Alpha Latam Management received bankruptcy court approval for the proposed sale of the loan portfolio and certain related assets of debtor entities Alpha Capital and Vive Créditos Kusida to CFG Partners Colombia following an auction process.

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.

Barclays, Deutsche Lead Debt Financing to Support KPS Acquisition

KPS Capital Partners signed a definitive agreement to acquire the Europe, Middle East and Africa food, aerosol and promotional packaging business of Crown Holdings. Barclays and Deutsche Bank led debt financing to support the transaction.

Global Eagle Completes Asset Sale, Emerges from Chapter 11

Global Eagle Entertainment completed the sale of substantially all of its assets to a group consisting of its first lien investors. Global Eagle’s new owners include certain funds managed by affiliates of Apollo Global Management, among others.

Oxford Finance Provides $47MM Credit Facility to Averhealth

Oxford Finance, a finance firm focused on senior debt for healthcare services and life sciences companies, closed a $47 million senior credit facility for Averhealth, a provider of substance use testing and monitoring services tailored to the needs of courts and social service agencies.

Jacobs To Acquire Majority Stake in PA Consulting, Provide $975MM in Debt Financing

Jacobs is acquiring a 65% stake in PA Consulting and also providing debt financing in the form of a £650 million ($845 million) term loan and a revolving credit facility of up to £100 million ($130 million) to fund future growth.

AlixPartners Represent Lonestar Resources in Restructuring Process

AlixPartners, Latham & Watkins, Hunton Andrews Kurth, Intrepid Partners and Rothschild & Co are representing Lonestar Resources, which entered into a restructuring support agreement with its largest stakeholders that will eliminate approximately $390 million in debt obligations.

Bank of America Supports WillScot, Mobile Mini Merger with $2.4B Revolver

According to an 8K filed with the SEC, Bank of America served as administrative and collateral agent on a $2.4 billion asset-based revolving credit facility in connection with the merger of WillScot and Mobile Mini.

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.

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