Texas Energy Firm Sues To Block Bain's 'Hostile' Strategy

By Jess Krochtengel (December 19, 2016, 2:39 PM EST) -- Financially struggling Quintana Energy Services LP sued onetime potential equity investor Bain Capital Credit LP in Texas state court Monday, accusing it of violating a confidentiality agreement through a hostile loan-to-own strategy that could force the company into bankruptcy.

In a Harris County District Court suit, Quintana said negotiations with Bain to invest $60 million in the company failed when the investor couldn't reach an agreement with Quintana's first-lien lenders and management. Quintana then convinced existing stakeholders to invest $40 million in equity, but said that investment now could potentially fall apart because of Bain's alleged maneuvering to buy senior debt...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!