Inside Hilco’s Strategically Coordinated Monetization of 99 Cents Only Stores’ Bankruptcy

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By: Michael A. Toglia

Date: Jan 29, 2025 @ 06:00 PM

Filed Under: Industry Insights

Related: ABL Advisor Video Series, Bankruptcy, Commercial Real Estate, Debtor-in-Possession, Hilco Global, Hilco Real Estate, Inventory Valuations, Liquidation, Michael Toglia

Steve Madura, Senior Vice President with Hilco Real Estate, and Alex McKeown, Senior Vice President with Hilco Consumer – Retail, discuss the details of Hilco Global’s engagement to run a coordinated monetization process for real estate and inventory in the 99 Cents Only Stores Chapter 11 bankruptcy case. Madura and McKeown highlight the strategies behind this successful initiative, emphasizing how Hilco ensured full repayment to the ABL and Term Lenders despite navigating a constrained DIP budget and a complex creditor structure.

ABL Advisor video interview showing photos of Steve Madura and Alex McKeown of Hilco

Sponsored By:

Michael A. Toglia

Publisher, CEO | ABL Advisor

Michael Toglia is the Founder, Publisher and CEO of ABL Advisor.

Toglia's experience in commercial finance spans over 30 years having held various roles in senior management, business origination, capital markets and commercial credit underwriting. Prior to entering the publishing industry, Toglia served as Vice President of Capital Markets and as the National Sales Manager for both the Equipment Finance and Asset-Based Lending Divisions of Textron Financial Corporation. He also held various roles with General Electric Capital and CIT Group.

Toglia currently serves as Marketing Chair for the Turnaround Management Association (TMA) Philadelphia/Wilmington Chapter and also serves on the Equipment Leasing and Finance Association (ELFA) Communications Committee.

Toglia served as the Executive Director/CEO of the National Equipment Finance Association from 2018-2020 and has been an active member of the Equipment Leasing and Finance Association for years having served two terms as a member of the Service Providers Business Council Steering Committee.

Toglia holds a Bachelor’s Degree in Accounting and an M.B.A. in Finance.

Contact Michael Toglia at 484.380.3184 or mtoglia@abladvisor.com.


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