Prison Phone Firm Aventiv Begins Refinancing Talks With Lenders

A group of lenders to Platinum Equity’s prison phone company Aventiv Technologies LLC have signed confidentiality agreements to enter into talks over terms to refinance its upcoming debt maturities, according to people with knowledge of the matter.

• There is also a cooperation agreement in place with lenders participating in the talks, said the people who asked not to be named because the matter is private
  • Gibson, Dunn & Crutcher and Evercore Inc. are advising lenders
• Representatives for Aventiv, Platinum and Gibson, Dunn & Crutcher didn’t respond to requests for comment. Evercore declined to comment
• Aventiv is the parent company ...