Vertex Energy, a specialty refiner and marketer of refined products, amended its existing term loan agreement. According to an 8K filed with the SEC, Cantor Fitzgerald Securities is the administrative agent and collateral agent for the facility.
Urgently, a provider of digital roadside and mobility services, secured up to $75 million in debt financing from certain funds managed by Highbridge Capital Management, Onex Credit and Whitebox Advisors.
Hornbeck Offshore Services emerged from Chapter 11. As part of its plan of reorganization, Hornbeck also closed on its common stock rights offering, which resulted in a $100 million cash infusion of new equity capital led by the special opportunities funds of Ares Management.
Bristow Group has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. Its lenders provided a commitment for $75 million in debtor-in-possession financing that would be available upon Court approval.
A. M. Castle closed an agreement for new $112 million secured term credit facilities with Highbridge Capital, Whitebox Advisors, Corre Partners and Wolverine Asset Management.