Lavanya Nair

New York

Distressed Debt Reporter at Debtwire

Featured in: Favicon

debtwire.com Favicon

financial-planning.com

Articles

Peraton lenders tap Centerview as financial advisor

1 week ago | ionanalytics.com | Kunyi Yang |Lavanya Nair |Ben Miller

A group of Peraton lenders has hired Centerview as financial advisor amid growing concerns over the company’s exposure to federal spending cuts, according to two sources familiar with the matter.
Tropicana lenders pitch around USD 400m in financing

1 month ago | ionanalytics.com | Lavanya Nair |Madalina Iacob |Ben Miller

Existing lenders to Tropicana have offered the company around USD 400m in new financing as discussions regarding a liability management transaction continue, said two sources familiar with the matter. The PAI Partners and PepsiCo-backed maker of orange juice held an in-person meeting with lenders last week to discuss options to bolster liquidity, Debtwire previously reported. Existing lenders and a third party have been competing to provide new financing to address the liquidity crunch.
Blue Owl, OakTree provide rescue financing to Barracuda Networks

1 month ago | ionanalytics.com | Lavanya Nair |Madalina Iacob |Ben Miller

Blue Owl Credit and OakTree Capital Management jointly provided a USD 200m loan to Barracuda Networks to help bolster the software company’s liquidity, according to two sources familiar with the situation.
Creditors set to take control even as LME spree shows no signs of ending - US Restructuring Outlook

2 months ago | ionanalytics.com | Ayse Kelce |Madalina Iacob |Lavanya Nair |Ben Miller

Change of control deals are at the top of restructuring practitioners’ agendas for 2025 following years of efforts by companies to push out maturities and boost liquidity through liability management exercises. The sometimes-controversial LME maneuvers are hardly going away, though, and are expected to remain the first port of call for distressed companies.
Flexsys turns to Latham, lenders bring on Gibson

2 months ago | ionanalytics.com | Nicholas Morgan |Madalina Iacob |Lavanya Nair |Kunyi Yang

One Rock-backed Flexsys is working with Latham & Watkins ahead of the maturity on its revolving credit facility next year, while a group of lenders has engaged Gibson Dunn, said twosources familiar with the situation.
City Brewing lenders aiming to take control out of court

Jan 14, 2025 | ionanalytics.com | Lavanya Nair |Ayse Kelce |Madalina Iacob |Ben Miller

Lenders to City Brewing are in discussions with the company to take the keys of the business from existing sponsors Charlesbank Capital Partners and Oaktree Capital Management, said three sources familiar with the matter. The lenders are eying an out of court process for a change of control after injecting bridge capital in a transaction that closed at the beginning of January, said two of the sources. It remains possible the deal will have to be executed in court, the third source said.
Trump victory raises hopes for high yield markets, M&A revival

Nov 6, 2024 | ionanalytics.com | Nicholas Morgan |Lavanya Nair |Ayse Kelce |Melina Chalkia

News (Intelligence) Leverage finance markets cheered Donald Trump’s win on the prospect the former president’s return to the White House will unleash deregulation and M&A, lower taxes and higher economy growth. The president-elect’s favorite word, tariff, is expected to selectively impact companies and sectors. “Overall, I think the election outcome and Trump in general are good for the economy, credit markets and risk appetite,” said one buysider.
Walgreens, VillageMD huddle with advisors as operational hurdles persist

Oct 29, 2024 | ionanalytics.com | Lavanya Nair |Kunyi Yang |Jay Antenen |Madalina Iacob

News (Intelligence) Walgreens Boots Alliance has enlisted Fried Frank as legal counsel and AlixPartners as advisor as the pharmacy giant continues to right size its US operations and address its majority stake in primary and urgent care provider Village Practice Management Company (VillageMD), according to two sources familiar with the matter.