Lenders to US Contractor Peraton Form New Group on Shutdown Risk

A group of first-lien lenders to Peraton Corp. have tapped Evercore Inc and Gibson Dunn & Crutcher amid growing concerns that a prolonged government shutdown could dent its cash reserves, according to people familiar with the matter.

The group last week executed a cooperation agreement that binds them to act together should the national security-related government contractor need to commence talks to bolster its balance sheet, said the people, who asked not to be identified discussing a private matter.

This move follows the formation of a prior creditor group to the Veritas Capital-backed borrower, the people familiar ...