Loparex’s Lenders Hire Advisers With Debt at Distressed Levels

An ad hoc group of first-lien lenders to Loparex LLC hired Lazard Inc. and Akin Gump Strauss Hauer & Feld for advice, as the company’s debt trades at distressed levels, according to people familiar with the situation.

• The Pamplona Capital Management-backed manufacturer is seeking advice from PJT Partners, said the people who asked not to be identified discussing a private matter
• Representatives for Pamplona, Lazard and PJT declined to comment. Representatives for Loparex and Akin didn’t respond to requests for comment
• Loparex extended the maturity on its $50 million revolver by 18 months to Feb. 2026, according to ...