Service King Lenders Tap Evercore as Bond Maturity Approaches

A group of Service King term loan holders selected Evercore Inc. to give them financial advice as concerns about the auto collision repair company’s liquidity and 2022 bond maturity mount, according to people with knowledge of the situation.

The holders are also working with Gibson Dunn & Crutcher and regrouped in August after the Blackstone-backed company reported second-quarter results reflecting a slower rebound to pre-pandemic levels and loss of market share.

Representatives for Service King and Blackstone didn’t respond to requests for comment. A representative for Evercore declined to comment.

Market participants are closely watching Service King for signs that ...