Archive · 9 Aug 2025
United Site Services Seeks Advice Amid Financial Troubles
Imagine a company that rents portable toilets called United Site Services.
They're having money problems.
They've hired some financial advisors to help them out, like PJT Partners and Milbank.
The people who lent them money have also hired Centerview Partners for advice.
The company's income has gone down, and they don't have much cash left.
They did a deal to fix their debt last year, but now the situation is getting tricky again.
It seems like the lenders are worried about getting their money back.
United Site Services, a portable toilet company, is working with advisors due to financial struggles.
The company has re-engaged PJT Partners Inc. and Milbank for advice.
A group of lenders has hired Centerview Partners for debt advice.
The company's revenue declined 11% year-over-year in the second quarter to $222 million.
A previous debt restructuring occurred in August with an ad hoc group of lenders.
- Who
- United Site Services, PJT Partners Inc., Milbank, Centerview Partners, and a group of lenders.
- What
- United Site Services is working with advisors regarding its debt.
- When
- The current situation is ongoing.
- Where
- Not specified in the article.
- Why
- The company is experiencing financial struggles.
USS Lenders
Second-out Holders
Debt Recovery
USS Lenders
Second-out holders may get little to no recovery.
Second-out Holders
Unknown.
- Company
- United Site Services
- Industry
- Portable toilet rental
- Advisors (USS)
- PJT Partners Inc., Milbank
- Advisors (Lenders)
- Centerview Partners
- Q2 Revenue
- $222 million
- Revenue Change
- Declined 11% year-over-year