Platinum’s Yak Access Begins Talks With Lenders Amid Cash Crunch

Yak Access is exploring new financing options to help it navigate an ongoing period of weak demand from oil and gas pipeline clients, according to people with knowledge of the situation.

Some lenders have begun confidential discussions with the company and sponsor Platinum Equity around a potential capital injection, said the people, who asked not to be identified because the talks are private. Proposals are being exchanged and no deal has been finalized yet, they said.

Representatives for Yak and Platinum Equity didn’t immediately respond to requests for comment.

Based in East Columbia, Mississippi, Yak makes mats that support equipment ...