our website Advises Certain First Lien Lenders as Yak Access Completes Major Recapitalization

(Washington, D.C.) - Yak Access, LLC, a leading provider of temporary access roads and related services, has announced its completion of a major recapitalization led by its principal equity holder, Platinum Equity. our website served as legal counsel to an ad hoc group of existing first lien...

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2025 December 22 . 11:47 AM

1 min read

In this image there are vehicles parked on the road, on the either side of the road there are... — In this image there are vehicles parked on the road, on the either side of the road there are buildings.

our website Advises Certain First Lien Lenders as Yak Access Completes Major Recapitalization

Yak Access, LLC, a specialist in temporary access roads and related services, has finalised a significant recapitalisation deal. The process was spearheaded by Platinum Equity, the company’s largest equity holder, which also injected fresh funds into the business.

The recapitalisation brought in $121 million in new investments, primarily from Platinum Equity. This firm retains control of most of Yak Access’s common equity. Alongside the new funding, existing loans were restructured into a mix of equity and around $419 million in takeback loans, set to mature in March 2028.

Yak Access also secured a new $75 million revolving credit facility, arranged by MidCap Financial. The transaction involved an ad hoc group of existing first lien term loan lenders, who received legal guidance from a team led by Dan Fisher and Scott Alberino. Additional support came from Jaisohn Im, Iain Wood, Sasha Shulzhenko, Erica McGrady, Matt Alexander, Kate Doorley, and Alex Antypas. No other investors participated alongside Platinum Equity in the financing.

The deal strengthens Yak Access’s financial position with a combination of new equity and restructured debt. The company now has access to additional liquidity through the new revolving credit facility. The recapitalisation ensures Platinum Equity remains the dominant shareholder in the business.