Brian Himot joined Strategic Value Partners, a global investment firm focused on private credit opportunities with more than $18 billion of assets under management, as head of structured capital to lead mezzanine and structured equity investing.
Strategic Value Partners (SVPGlobal) hired John Morabito, Ben Pughe-Morgan and Matthew Eddy for its investment team to capture investment and aircraft management opportunities globally.
SGS, investment funds managed by SVPGlobal and the largest existing holder of SGS’ outstanding funded indebtedness completed a recapitalization transaction to strengthen SGS’s balance sheet and position the business for growth. HPS Investment Partners led the financing for the investment.
Washington Prime Group emerged from the Chapter 11 process, signifying the completion of the company’s financial restructuring and the implementation of its plan of reorganization. The company emerged from bankruptcy with its debt reduced by nearly $1 billion.
IPC Systems entered into a transaction support agreement with its key stakeholders that will reduce the company’s debt by more than $400 million, extend its debt maturity schedule by five years and provide new capital of $125 million to deliver resources for investment in long-term growth strategies.