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Stock impact report

Chemicals Company Ascend Performance Gets Rescue Financing [Yahoo! Finance Canada]

PJT Partners Inc. Class A (PJT) 
Last pjt partners inc. class a earnings: 4/28 06:50 am Check Earnings Report
Most Read from Bloomberg The SK Capital Partners-backed firm will get a new $100 million loan, of which $40 million will be funded initially, said the people, who asked not to be identified discussing a private matter. All lenders are open to participate in the financing, they said. The financing, details of which were disclosed to a broader group of lenders Friday, includes cash and a payment-in-kind component, which allows the borrower to defer paying interest in cash and instead pay with additional debt. The loan will pay 8.5% interest in kind and 1.5% cash, said some of the people. A representative for the company declined to comment, while a representative for SK Capital Partners did not respond to a request for comment. The stopgap measure comes as the Houston-based firm is looking to get ahead of a loan maturity next year and shore up its liquidity pool amid earnings pressure. Proceeds from the loan will be used for general corporate purposes and working capital needs, Show less Read more
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