Transactions

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Selected transactions by North Sea Partners include the following:

Capital Markets Execution

Diamond Castle Partners

 

Advised Diamond Castle with respect to its portfolio company, NES Rentals, on issuance of new high yield notes and on an amend-to-extend of its existing ABL facility

Foodcorp

 

Arranged financing to fund a EUR-equivalent 62m management buy-out of existing equity

Hoist Group

 

Advised the Company and a private equity sponsor in connection with the sale of the Company's equity and the purchase of mezzanine and PIK loans at a discount.

Ineos Group

 

Advised the company 1) in connection with an amendment to its senior credit facilities to increase covenant headroom, extend debt maturities and permit the issuance of pari passu debt and 2) in connection with the issuance of a dual currency €740 million Senior Secured Note offering.

Kerling Plc

 

Advised the Company in connection with a €785m high yield bond offering to refinance an acquisition bridge loan facility

Loehmann’s

 

Lead Arranger and Bookrunner on refinancing of $35m asset-based revolving credit facility. Arranged a Consent Solicitation with bondholders to amend the terms of Intercreditor Agreement to facilitate the refinancing

Amendments, Waivers and Restructurings

Algeco Scotsman Mezzanine Lenders

 

Advised the Mezzanine Lenders in connection with the restructuring of Algeco Scotsman involving the exchange of second lien and mezzanine debt for equity, new money debt and equity commitments, certain mezzanine lenders participation in the new money

Canon Communications

 

Advised the Company with respect to a revolver amendment and maturity extension of its Senior Credit Facilities in connection with an acquisition.

Fortune 500 Airline

 

Advised the Company in connection with an amendment to provide covenant relief to its Senior Credit Facility

Group 1 Automotive

 

Advising the Company with regard to balance sheet options

Independent News and Media

 

Advised the Company on its debt restructuring involving the exchange of public debt securities for equity, a related rights offering and the amendment and maturity extension of its Senior Facilities

Ineos Group

 

Advised the Company on an amendment to its Senior Credit Facilities and High Yield bonds in connection with the issuance of Senior Secured Notes, the reset of covenants and the extension of maturities.

INEOS Group

 

Advised the Company on a series of amendments to its Senior Credit Facilities and high yield securities

Polymer Group, Inc.

 

Advised Polymer Group and its equity sponsor in connection with an amendment and maturity extension of its Senior Secured Credit Facility

TXU Senior Creditors

 

Advised a group of Senior Lenders in connection with an amendment to the TXU Senior Credit Facility

Liability Management

European Private Equity Firm

 

Acquired 35% of an outstanding high yield bond of a portfolio company at a deep discount through open market purchases

European Private Equity Portfolio Company

 

Open market purchases of loans at a deep discount

US Private Equity Portfolio Company

 

Open market purchases of bonds at a deep discount