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January 24, 2026
Kirkland Counsels SCM Topco on Recapitalization

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AI-made summary
- Kirkland & Ellis represented SCM Topco, LLC, the parent company of Salt Creek Midstream, LLC, in a comprehensive recapitalization involving new investments from its existing lender groups and funds managed by Ares Management
- The recapitalization was consensual and received unanimous approval from the lender group
- The financial terms of the transaction were not disclosed
- The Kirkland team included partners and associates from restructuring, debt finance, and transactional practices.
Kirkland & Ellis advised SCM Topco, LLC, parent of Salt Creek Midstream, LLC and a full service natural gas gatherer and processor, on its comprehensive recapitalization with additional investments from both its existing lender groups and funds managed by Ares Management, a leading global alternative investment manager. The recapitalization was consensual and approved by 100 percent of the lender group. The financial terms of the transaction were not disclosed. Read the press release from Salt Creek Midstream The Kirkland team was led by restructuring partners Anup Sathy, Brian Schartz, and Alexandra Schwarzman; debt finance partners Lucas Spivey and Kelann Stirling and associate Scott Reid; and transactional partner Bill Benitez and associate Brice Lipman.
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