McDermott International, Inc. and 225 of its subsidiaries and affiliates, including 107 foreign domiciled entities, in their prepackaged Chapter 11 cases in the United States Bankruptcy Court of the Southern District of Texas. McDermott is a premier, global upstream and downstream engineering, procurement, construction, and installation company and employs over 42,000 individuals across 54 countries and six continents. McDermott’s prepackaged Chapter 11 cases contemplate a fully consensual restructuring transaction to be confirmed in less than 60 days that will equitize nearly all of McDermott's funded debt, eliminating over $4.6 billion of debt, and an auction process to sell McDermott’s Lummus technology business supported by a “stalking horse” bid with a base purchase price of $2.725 billion
Affiliates of Magnetar Capital and GSO Capital Partners as lead investors in the simplification merger of EQM Midstream Partners, LP (NYSE: EQM) and Equitrans Midstream Corporation (NYSE: ETRN) and the associated redemption and rollover into preferred equity at ETRN of $1.2 billion of the investors’ Series A Convertible Preferred Units of EQM
KKR, in partnership with XPV Water Partners, in the formation of a wastewater treatment platform that provides end-to-end nutrient management solutions for municipal and industrial wastewater treatment facilities
Brookfield Super-Core Infrastructure Partners, an infrastructure fund managed by Brookfield Asset Management Inc., in its approximately $2 billion acquisition of a 25 percent equity interest in Dominion Energy, Inc.’s Cove Point LNG LP
Golden Gate Capital and Hillstone Environmental Partners, LLC in the $600 million sale of Hillstone to NGL Energy Partners LP
Kodiak Gas Services, a portfolio company of EQT Infrastructure, in its acquisition of Pegasus Optimization Managers from affiliates of Apollo Natural Resource Partners
Hilcorp Alaska in its $5.6 billion acquisition of BP’s upstream and midstream business in Alaska
BlackRock, GSO Capital Partners and Magnetar Capital as lead purchasers in the $1.2 billion convertible preferred equity investment in EQM Midstream Partners, LP, a growth-oriented master limited partnership operating in the Appalachian Basin
KKR in its $900 million acquisition of an equity interest in a newly-formed partnership with NextEra Energy Partners, LP that owns a portfolio of 10 utility scale wind and solar projects across the U.S.
Kodiak Gas Services, LLC and The Stephens Group, LLC in the sale of Kodiak to EQT Infrastructure
Salt Creek Midstream, LLC in its 50/50 joint venture with Noble Midstream Partners LP to provide crude oil gathering and transportation services in the Delaware Basin
