Porta Potty Firm United Site Gets Forbearance Amid Negotiations

Platinum Equity-backed portable toilet company United Site Services Inc. is operating under a forbearance agreement after it elected to skip interest payments on some of its debt, according to people with knowledge of the matter.

Clearlake Capital is one of the funds holding that debt, said the people, who asked not to be identified discussing a private matter.

Bloomberg News previously reported that cash-strapped United Site, which has been struggling to shore up its liquidity amid earnings pressure, is working with PJT Partners Inc. and Milbank. A group of lenders has tapped Centerview Partners and Akin Gump Strauss ...