Bartec Lenders Said to Ask Charterhouse to Inject $137 Million

A group of lenders to Bartec GmbH asked its owner, Charterhouse Capital Partners, to inject 120 million euros ($137 million) into the oil and gas equipment maker in exchange for extending loan maturities and relaxing covenants, two people familiar with the matter said.

The creditors, advised by Deloitte LLP, asked the private-equity owner to provide 90 million euros to pay down Bartec’s debt and to inject another 30 million euros of cash, said the people, who asked not to be identified because the matter is private. They’re also seeking shorter loan maturity extensions and higher fees, the people said.