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Stock impact report

Sound Inpatient Physicians and Lenders Draw Closer to Debt Deal [BNN Bloomberg (Canada)]

PJT Partners Inc. Class A (PJT) 
Last pjt partners inc. class a earnings: 4/28 06:50 am Check Earnings Report
Company Research Source: BNN Bloomberg
The deal would also include new funding from the company's private equity sponsor, Summit Partners, and first-lien lenders, said the people, who asked not to identified because the matter is private. The plans are not yet final and could still change, the people added. Several physician staffing firms have seen earnings pressures in the aftermath of the No Surprises Act, which aims to protect customers from large, unexpected bills when they receive out-of-network care and emergency services. Sound and its lenders earlier hired advisers following a sharp drop in the company's loan prices last year. The creditor group engaged Evercore Inc. and Paul Weiss Rifkind Wharton & Garrison for advice, while the company hired PJT Partners, Bloomberg previously reported. Representatives for Sound, Summit, Evercore, and Paul Weiss did not respond to requests for comment. A representative for PJT Partners declined to comment. Tacoma, Washington-based Sound's capital structure includes $121 Show less Read more
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