SVP Among Major Creditors to KKR’s Envision Healthcare (Correct)

May 15, 2023, 8:45 PM UTC

SVPGlobal and King Street Capital Managementare among the biggest debt investors backing Envision Healthcare Corp.’s plan to swap $5.6 billion in bonds and loans for equity in the medical staffing company upon exit from Chapter 11 bankruptcy.

SVP owns roughly $255.9 million of Envision’s second-out term loan debt and King Street owns roughly $189.7 million in second-out term loan debt, according a financial disclosure filed Monday in Texas bankruptcy court. The investment firms, which hold positions in other types of Envision debt, are part of a larger group of more than 20 creditors backing the restructuring represented by ...

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