Artera Services LLC is working with lawyers at Kirkland & Ellis to explore options for its more than $2.5 billion debt pile, according to people with knowledge of the situation, who asked not to be identified because the matter is private.
The Clayton Dubilier & Rice-backed company, which provides maintenance and repair services for the gas and electric industries, has a revolving credit facility due in March 2023. The company is facing higher liquidity risks given the fast-approaching maturity and working capital needs for the first half of 2023, Moody’s Investors Service said in an August note.
Representatives at ...
