KKR-Backed Global Medical Response’s Lenders Seek Legal Advice

Certain lenders to Global Medical Response are getting legal advice from Gibson Dunn & Crutcher as the KKR & Co.-backed medical transportation company faces more than $4 billion of debt maturities in 2025, according to people with knowledge of the situation.

The lender group came together amid mounting concerns over refinancing risks, as well as the potential for the company to exploit loopholes in the credit agreement like moving assets out of lenders’ reach, said the people, who asked not to be identified because the matter is private.

Global Medical Response has around $4.3 billion of debt coming due in ...