Overview
Dye & Durham Ltd., a cloud‑technology firm that supplies software solutions to legal and business professionals, is facing increased scrutiny over its capital position. In response, the company’s lenders have retained Houlihan Lokey Inc. as a financial adviser after a series of pitches from multiple advisers over the past weeks.
Advisory and Cooperation Structure
The creditor consortium is also being advised by the law firm Paul Hastings. The lenders have entered into a cooperation agreement that, at present, does not admit additional holders. Members of this cooperation group include Silver Point Capital LP and KKR & Co.
Lender Discussions
First‑lien lenders are currently focusing on how to engage with Dye & Durham rather than negotiating specific financing proposals. Concurrently, a separate minority lender group is expected to emerge, with leadership anticipated from the law firm Hogan Lovells Cadwalader.
No Financial Terms Disclosed
The announcement does not provide any quantitative details regarding financing amounts, interest rates, or repayment schedules. It solely outlines the advisory appointments, the composition of the creditor groups, and the nature of ongoing discussions.