Lenders to NEP Group Tap Legal Counsel With Maturity Looming

Some lenders to broadcast and live events company NEP Group Inc. have tapped legal counsel ahead of a loan maturity next year, according to people with knowledge of the matter.

• Lenders to the Carlyle Group Inc.-backed company have engaged Akin Gump Strauss Hauer & Feld LLP, said the people, who asked not to be identified discussing a private matter
• The company’s roughly $1.1 billion loan maturing in 2026 was quoted at around 90 cents on the dollar on Wednesday, according to data compiled by Bloomberg
• NEP, Carlyle and Akin did not respond to requests for comment
• The firm ...