Lenders to Get Control of UniTek, Will Provide DIP - Source

UniTek Global Services Inc. has reached a deal with its lenders led by private equity firms Littlejohn & Co. LLC and New Mountain Capital LLC to swap roughly 40% of its debt for equity, a source familiar with the situation said. The Blue Bell, Pa., provider of infrastructure services to media and telecommunications companies announced on Tuesday that it would complete a restructuring plan through a prepackaged Chapter 11 filing in the U.S. Bankruptcy Court for the District of Delaware in Wilming...