Harvest Capital Credit and Portman Ridge Finance to Merge

Harvest Capital Credit (HCAP) and Portman Ridge Finance (PTMN) entered into a definitive agreement under which HCAP will merge with and into PTMN, a business development company managed by Sierra Crest Investment Management.

December 28, 2020 BC Partners Advisors | Business development companies | Dechert | Harvest Capital Credit | Joseph Jolson | Keefe Bruyette & Woods | Portman Ridge Finance | Sierra Crest Investment Management | Simpson Thacher & Bartlett | Ted Goldthorpe Phil Neuffer

Huntington Bancshares and TCF Financial to Merge

Huntington Bancshares, the parent company of Huntington National Bank, and TCF Financial, the parent company of TCF National Bank, signed an agreement under which the companies will combine in an all-stock merger with a total market value of approximately $22 billion.

December 14, 2020 David L. Porteous | Gary Torgow | Goldman Sachs | Huntington Bancshares | Huntington National Bank | Keefe Bruyette & Woods | Simpson Thacher & Bartlett | Stephen D. Steinour | Stifel | TCF Financial | TCF National Bank | Wachtell Lipton Rosen & Katz Phil Neuffer

A&M Serves as Restructuring Advisor to Superior Energy Services in Chapter 11

Alvarez & Marsal served as restructuring advisor to Superior Energy Services in the company’s financial restructuring and commencement of its Chapter 11 case. Superior serves drilling, completion and production-related needs of oil and gas companies.

December 7, 2020 Alvarez & Marsal | David Dunlap | Davis Polk & Wardwell | Duveras Partners | Evercore | FTI Consulting | Hunton Andrews Kurth | Johnson Rice & Compamy | Latham & Watkins | Porter Hedges | Simpson Thacher & Bartlett | Superior Energy Ellie Delany

TNT Emerges from Chapter 11 as a Private Company with New $225MM Term Loan

TNT Crane & Rigging and certain of its affiliates emerged from Chapter 11 bankruptcy protection. The company emerged from its restructuring as a private company with a new ownership group, recapitalized with a new $225 million term loan.

October 19, 2020 FTI Consulting | Michael Appling Jr. | Miller Buckfire & Co. | Nicolaus & Co | Simpson Thacher & Bartlett | Stargatt & Taylor | Stifel | TNT Crane & Rigging Ellie Delany

Pyxus Completes Restructuring, Glendon and Monarch Lead Investment in Exit Term Loan

Pyxus completed its financial restructuring, which includes a $213 million exit term loan and a $75 million exit asset based revolving facility. Glendon Capital Management and Monarch Alternative Capital are leading the investment in Pyxus’ exit term loan facility.

August 26, 2020 Glendon Capital Management | Holly Kim | Lazard | Monarch Alternative Capital | Patrick Fallon | Pieter Sikkel | Pyxus International | RPA Advisors | Simpson Thacher & Bartlett Phil Neuffer

JPMorgan Chase Agents $675MM Revolver as Part of Noble Corporation’s Restructuring

Noble Corporation entered into a restructuring support agreement with two ad hoc groups of the largest holders of the company’s outstanding bond debt. In addition, JPMorgan Chase will serve as administrative agent on a $675 million secured revolving credit facility for Noble Corporation.

August 3, 2020 Akin Gump | AlixPartners | Ducera Partners | EPIQ Restructuring Services | Evercore | Houlihan Lokey Capital | JPMorgan Chase Bank | Kramer Levin Naftalis & Frankel | Milbank | Noble Corporation | PJT Partners | Porter Hedges | Robert Eifler | Simpson Thacher & Bartlett | Skadden Arps Slate Meagher & Flom Phil Neuffer

Simpson Thacher Adds Howe to M&A Practice

Simpson Thacher & Bartlett added James Howe to its mergers and acquisitions practice as a partner in the London office. Howe has experience advising private equity firms and financial institutions on deals.

August 3, 2020 Ben Spiers | Bill Dougherty | James Howe | Jason Glover | Simpson Thacher & Bartlett 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.

July 17, 2020 Akin Gump Strauss Hauer & Feld | Alvarez & Marsal | Ares Management | ARM Midstream | Ducera Partners | Guggenheim Securities | Jefferies Group | John Poarch | Kirkland & Ellis | Lazard | Milbank | Nate Walton | Perella Weinberg Partners | Salt Creek Gas | Salt Creek Midstream | SCM Topco | Silver Foundry | Simpson Thacher & Bartlett | White & Case | Zach Lee Phil Neuffer

Garrison Capital Merges with Portman Ridge Finance

Garrison Capital and Portman Ridge Finance entered into a definitive agreement under which Garrison Capital will merge with and into Portman Ridge Finance, which is a business development company managed by Sierra Crest Investment Management.

June 25, 2020 BC Partners Advisors | Eversheds Sutherland | Garrison Capital | Garrison Capital Advisers | Garrison Investment Group | Joseph Tansey | Keefe Bruyette & Woods | LibreMax Capital | Portman Ridge Finance | Proskauer Rose | Sierra Crest Investment Management | Simpson Thacher & Bartlett | Ted Goldthorpe Phil Neuffer

Pyxus Enters Chapter 11, Secures $206.7MM DIP Facility

Lazard and RPA Advisors are serving as financial advisors to Pyxus International, which filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code and secured commitments for $206.7 million in debtor-in-possession financing.

June 15, 2020 Lazard | Pieter Sikkel | Pyxus International | RPA Advisors | Simpson Thacher & Bartlett Phil Neuffer