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.
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.
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.
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.
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.
Former general counsel and current vice chairman of JPMorgan Chase Stephen M. Cutler will join Simpson Thacher & Bartlett in April as a litigation partner.
Keith Noreika rejoined Simpson Thacher & Bartlett as a partner in their financial institutions practice after a stint as acting comptroller at the OCC.