Covia Holdings Corporation and certain of its affiliates in Covia’s prearranged Chapter 11 bankruptcy cases pending in the U.S. Bankruptcy Court for the Southern District of Texas. Covia provides diversified mineral-based and material solutions for global energy and industrial markets. As of its Chapter 11 filing, Covia’s funded debt totaled approximately $1.6 billion, including approximately $1.56 billion in secured term loan indebtedness. Prior to filing for Chapter 11 protection, Covia entered into a restructuring support agreement (RSA) with an ad hoc term lender group that collectively holds a majority of Covia’s term loan indebtedness that lays the groundwork for a comprehensive financial and operational restructuring of Covia that will reduce its go-forward leverage and fixed costs by more than $1 billion through a partial equitization of Covia’s prepetition term loan indebtedness and a strategic rationalization of its railcar fleet and distribution terminal network.
Tapstone Energy, LLC and certain of its affiliates in their out-of-court restructuring. Tapstone is an independent oil and natural gas company focused on the development and production of oil, natural gas, and NGLs in the Anadarko Basin in Oklahoma, Texas, and Kansas. The restructuring transaction reduced Tapstone’s funded debt by approximately $440 million and provided the company with liquidity, including a $50 million new money investment, to optimize operations and expand its production base through mergers and acquisitions.
Equity Distribution Acquisition Corp., a special purpose acquisition company sponsored by Equity Distribution Sponsor LLC, an affiliate of the Equity Group Investments, in its $414 million initial public offering.
Pike Corporation, a leading, integrated provider of construction, repair and engineering services for distribution and transmission power lines and substations, in its Rule 144A/Regulation S offering of $500 million aggregate principal amount of 5.500% senior notes due 2028.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) in its consent solicitation and uptier exchange of approximately $200 million of existing unsecured senior notes for $200 million of senior secured first lien notes and negotiation of support agreement for such transaction with large consenting holder.
Callon Petroleum Company in its $3.2 billion acquisition of Carrizo Oil & Gas, Inc. in an all-stock transaction.
The selling stockholders, including Warburg Pincus, Yorktown Partners and Pine Brook Road Advisors, in connection with offerings of approximately $325 million of common stock of Brigham Minerals, Inc.
Revolution II WI Holding Company, LLC, an affiliate of Mountain Capital Partners, LP, in its approximately $201.5 million acquisition of Jones Energy II, Inc. (OTC: JEII) in an all-cash transaction.
