Valaris plc, which is incorporated in the United Kingdom and is the world’s largest offshore driller by fleet size, and 89 of its subsidiaries in creditor negotiations in their Chapter 11 Cases and their $500 million debtor-in-possession term loan agreement with certain of their noteholders.
Callon Petroleum Company in capital structure initiatives used to reduce borrowings on Callon’s credit facility, including entering into a $140 million cash generating overriding royalty interest ("ORRI") transaction with a private investment vehicle managed by Kimmeridge Energy, and a $300 million issuance of secured second lien notes and warrants.
GSO Capital Partners, L.P., an affiliate of Blackstone, in securing an investment-grade term loan facility and a construction-to-term loan facility in connection with its $850 million recapitalization of Altus Power America, a market-leading solar power company that provides clean electricity to commercial, industrial and municipal clients across the United States.
Callon Petroleum Company in its fully committed $5 billion first lien reserve-based financing in connection with its merger with Carrizo Oil & Gas and subsequent amendments to the same.
Hornbeck Offshore Services, Inc. in its prepackaged plan of reorganization to restructure $1.2 billion of funded debt obligations, including its $75 million in debtor-in-possession financing and first and second lien exit term loan credit facilities.
