SCM Topco, LLC, parent of Salt Creek Midstream, LLC, a full service natural gas gatherer and processor (“Salt Creek Gas”), announces that it has closed on a comprehensive recapitalization with additional investments from both its existing lender groups and funds managed by Ares Management, a leading global alternative investment manager. A team from Akin Gump advised the holdco facility lenders.
The recapitalization was consensual and approved by 100 percent of the lender group. Financial terms of the transaction were not disclosed.
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The Akin Gump team was led by Dan Fisher, head of Akin Gump’s integrated special situations group. He was joined by corporate partners Alan J. Feld, Lisa Hearn, Jaisohn Im, Eric Muñoz Gabriel Procaccini and Zachary Wittenberg; financial restructuring partner Sarah Schultz and counsel Kate Doorley; and tax partners Alison Chen and Jocelyn Tau.