Peraton Lender Talks End as Canceled Contracts Cloud Prospects

Peraton Corp., a national security-related government contractor, ended talks with lenders about altering billions of dollars’ worth of debt after they were unable to agree on terms, people familiar with the matter said.

The Reston, Virginia-based company, which is backed by private equity firm Veritas Capital, disclosed financial information to a broad lender group this week after previously sharing the details with a smaller cohort to get a deal done, said the people, who were not authorized to discuss the information publicly.

Peraton is stuck between the Trump administration’s belt-tightening effort — which has hit companies reliant on ...