Pretium Packaging, L.L.C. (Pretium) and 9 of its affiliates in its voluntary prepackaged Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of New Jersey, a first-of-its-kind expedited prepackaged case in the District. Pretium is a leading global supplier of sustainable rigid packaging solutions used by a diverse set of end markets. Pretium entered into Chapter 11 to implement a comprehensive restructuring transaction that would eliminate approximately $900 million of the company’s approximately $1.8 billion funded debt obligations with the overwhelming support of its existing lenders and Clearlake, Pretium’s equity sponsor. Pretium received approval for up to $533.5 million in debtor in possession (DIP) term loan facility and access to a $100 million DIP ABL facility, and commitments to roll such facilities into exit financing to support Pretium’s long-term growth
Oaktree-backed Awager, a provider of live slot streaming technology, in its sale to Aristocrat (ASX: ALL)
Transom Capital Group-backed Artivo Surfaces in its acquisition of the Walker Zanger and Anthology brands, providers of premium surfaces, from Mosaic Companies
ElmTree, a real estate investment firm, in its sale to BlackRock (NYSE: BLK)
Transom Capital Group-backed Virginia Tile in the sale of its woodworking products distribution business to Wilsonart Engineered Surfaces
HF Capital in its joint venture with Ara Partners and in its up to $725 million investment in Ara Energy Decarbonization, a JV focused on energy and infrastructure investment strategies
Oaktree Capital Management-backed Richards Manufacturing, a provider of utility grid products, in its $2.3 billion sale to TE Connectivity (NYSE: TEL)
K1 Investment Management-backed IXOPAY in its acquisition of Aperia Compliance, a provider of a provider of payment card security compliance software and services, from Aperia Solutions
Vitruvian Partners in its investment in Aduro Advisors
Transom Capital Group in its sale of Mackie to RØDE Microphones
