JPMorgan’s strategic situations division led a $30 million revolving credit facility and a new $370 million first lien term loan for Healogics, a provider of wound care. Healogics also secured $240 million in equity investments.
Truist Securities served as left lead arranger, Fifth Third Bank acted as joint lead arranger, Union Bank acted as syndication agent and Regions Bank acted as documentation agent on a $400 million revolving credit facility with a $150 million accordion for Anthem Entertainment.
Oaktree Capital Management provided a $200 million senior secured term loan to Ashford Hospitality Trust. The term loan can be upsized by $150 million to an aggregate amount of $350 million.
ATM owner and operator Cardtronics entered into a definitive agreement with funds managed by affiliates of Apollo Global Management and Hudson Executive Capital to be acquired for $35 per share in cash.
AlixPartners served as restructuring advisor to UTEX Industries in its emergence from Chapter 11. The financial restructuring reduced UTEX’s funded debt by approximately $700 million and provided $42.5 million in new financing.
24 Hour Fitness entered into a restructuring support agreement with lenders holding approximately 73% of the company’s secured debt and approximately 65% of the company’s senior unsecured notes. The restructuring will reduce $1.2 billion dollars of funded debt.
Houlihan Lokey is serving as financial advisor and investment banker and AlixPartners is serving as restructuring advisor to UTEX Industries, which entered into a restructuring support agreement with the majority of its lenders and will commence reorganization under Chapter 11.
CEC Entertainment, the owner/operator of Chuck E. Cheese and Peter Piper Pizza, entered into a plan support agreement with consenting creditors and received a commitment for $200 million in debtor-in-possession financing from certain of its first lien lenders.
Unit Corporation emerged from Chapter 11 bankruptcy. As part of the company’s plan of reorganization, Unit converted its existing credit facility agented by BOKF into a $140 million reserve-based lending revolving loan and $40 million term loan.
The United States Bankruptcy Court for the Southern District of Texas confirmed EP Energy’s amended plan of reorganization. FTI Consulting is serving as restructuring advisor and Evercore is serving as financial advisor to EP Energy.