A group of lenders to United Site Services Inc. is organizing with Akin Gump Strauss Hauer & Feld for assistance as the portable toilet rental firm contends with a drop in earnings, according to people familiar with the situation.
The company, which is owned by Tom Gores’ Platinum Equity, is coming off a challenging third-quarter after reporting a double-digit revenue decline. It has also been receiving pitches from multiple parties regarding potentially divisive debt maneuvers or so-called drop down transactions, said the people, who asked not to be identified discussing a private matter. Such moves allow companies to raise ...
