Akin Gump Advises Lenders in Salt Creek Midstream Recapitalization
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(New York) – SCM Topco, LLC, parent of Salt Creek Midstream, LLC, a full service natural gas gatherer and processor (“Salt Creek Gas”), today announced 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.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 1,000 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75
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