Bruin E&P Partners, LLC, an exploration and production company, in their prepackaged Chapter 11 cases through which they eliminated over $840 million in funded debt obligations, including obtaining a $230 million debtor-in-possession credit facility and a $230 million reserve-based revolving credit facility upon exit.
McDermott International, Inc. (NYSE: MDR) and its subsidiaries and affiliates, a leading global provider of integrated engineering, procurement, construction and technology services, in a $1.7 billion superpriority secured credit facility, and subsequently in creditor negotiations achieving a prepackaged Chapter 11 filing that deleveraged over $4 billion of funded debt and in securing a $2.81 billion debtor-in-possession financing package from their senior secured lenders, and upon exit from Chapter 11, in an exit financing consisting of $2.44 billion in letter of credit capacity and $544 million of term loan obligations.
HPS Investment Partners LLC in its $32.96 million acquisition of Echo Energy Partners I LLC’s assets out of bankruptcy.
ORIX Capital Partners in its acquisition of Specialty Welding and Turnarounds, LLC (SWAT), a leading provider of specialty welding and other turnaround services to the oil and gas refinery, petrochemical and industrial markets.
