MultiPlan Corporation, a leading provider of technology and data solutions focused on cost management, improving quality and transparency in healthcare, today announced a comprehensive refinancing to extend the maturities of its entire debt capital...
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December 30, 2024, 07:32 AM
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Alvarez & Marsal (A&M) announced the addition of Elan Ben-Avi as a Managing Director in its North America Commercial Restructuring (NACR) practice. Ben-Avi’s arrival underscores the practice’s ongoing talent investments, and enhances the firm’s...
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November 15, 2024, 07:40 AM
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Global consulting firm J.S. Held, proudly celebrating 50 transformative years, acquired Stapleton Group and announces the creation of the Strategic Advisory practice under the leadership of Michael Jacoby, CTP. The Stapleton Group acquisition further...
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October 10, 2024, 08:12 AM
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ArentFox Schiff announced the addition of partner Scott B. Lepene to its Financial Restructuring & Bankruptcy practice in the firm’s New York office. Lepene has nearly two decades of experience handling matters involving insolvency and restructuring...
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September 17, 2024, 08:03 AM
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Wiggin and Dana announced that Miami-based restructuring partner Tamara Van Heel has joined the firm in South Florida, further expanding its platform in the state following the launch of a new Boca Raton office earlier this year.?? “As a Miami...
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July 02, 2024, 07:00 AM
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Bankruptcy and restructuring lawyer Robert M. Hirsh joined Norton Rose Fulbright as a partner in the New York office.Hirsh focuses his practice on debtor-in-possession financing, exit financing and distressed and special situation financing. In...
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January 30, 2024, 07:25 AM
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KCP Advisory Group, a restructuring and financial consulting organization that offers creative solutions nationally, announced its merger with Altman and Company. The merger of KCP Advisory Group and Altman and Company creates a national consulting...
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January 23, 2024, 07:55 AM
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The Global M&A Network has recognized Hank Waida in the 2023 Top 100 Restructuring Professionals. Celebrating its 10th anniversary, the annual list highlights influential professionals in the restructuring, distressed M&A, and turnaround...
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November 22, 2023, 07:00 AM
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Alvarez & Marsal (A&M) promoted Restructuring & Turnaround practice Managing Director Erin McKeighan as co-head of its Case Management Services group, serving alongside Managing Director, Julie Hertzberg. Ms. McKeighan’s promotion reflects the firm’s...
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November 10, 2023, 07:48 AM
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Bloomberg reported that WeWork Inc. is rounding up advisers for help with a restructuring according to people familiar with knowledge of the matter.
According to the Bloomberg report, the co-working giant has hired real estate adviser Hilco Global...
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August 24, 2023, 07:57 AM
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Morgan Lewis will bolster its finance team by bringing in five partners in New York—a transactional restructuring and bankruptcy litigation team led by Richard Stern and including Michael Luskin, Stephan Hornung, Matthew O’Donnell, and Alex Talesnick...
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August 08, 2023, 07:08 AM
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Alvarez & Marsal (A&M) announced the appointment of Detroit-based Daniel Jerneycic as a Managing Director in its Restructuring & Turnaround Practice. Jerneycic’s extensive automotive industry experience bolsters A&M’s lines of service to help...
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May 24, 2023, 07:27 AM
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Barnes & Thornburg has added Gregory G. Plotko as a partner in the firm’s New York office in the Finance, Insolvency and Restructuring department. Plotko advises a wide range of clients in high-profile Chapter 11 bankruptcy cases, out-of-court...
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February 23, 2023, 07:00 AM
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B. Riley Financial announced that it has acquired the corporate division of Farber Group (‘Farber”), a Toronto-based restructuring and business advisory firm.Farber provides corporate restructuring and related advisory services, M&A corporate finance...
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February 22, 2023, 07:43 AM
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AlixPartners entered into an agreement to acquire leading independent restructuring practice THM Partners LLP (THM). The proposed transaction will see THM’s 40 Partners and staff located in the UK, Germany, and Singapore joining AlixPartners’...
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February 17, 2023, 07:37 AM
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FTI Consulting announced the publication of Navigating Today’s Environment | The Directors’ and Officers’ Guide to Restructuring (Second Edition), which examines key topics and challenges facing directors and officers leading distressed enterprises...
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February 16, 2023, 07:00 AM
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Alvarez & Marsal (A&M) announced the expansion of its Global Transaction Advisory Group (TAG) offerings into Canada along with the appointment of Toronto-based Scott Foster as a Managing Director and Practice Leader. The introduction of Global TAG’s...
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January 30, 2023, 07:26 AM
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Global M&A Network has named A&G Real Estate Partners Co-President Andy Graiser to its 2022 list of “Top 100 Restructuring Professionals.” The ninth-annual “Distinction in Deal-Making Award” recognizes “highly respected, successful and innovative”...
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September 22, 2022, 07:57 AM
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Glenn McMahon has joined Getzler Henrich & Associates as a Managing Director of the firm’s Retail Turnaround and Restructuring Practice.
With his over 30 years of executive experience leading the transformation and growth of storied brands such as...
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September 20, 2022, 07:50 AM
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FTI Consulting announced the launch of the firm’s Corporate Finance & Restructuring segment in Milan with the appointment of four business transformation and restructuring senior hires, continuing its growth across Continental Europe and providing a...
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June 16, 2022, 07:34 AM
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FTI Consulting appointed Manoj Daga as a Managing Director in the Business Transformation practice within the firm’s Corporate Finance & Restructuring segment. Mr. Daga, who is based in New York, brings more than 25 years of experience leading...
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June 08, 2022, 07:39 AM
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Portage Point Partners, a business advisory, interim management and financial services firm that partners with companies and their stakeholders during periods of complexity, transition and underperformance, announced that Jason Cohen has joined the...
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April 21, 2022, 07:56 AM
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Hilco Corporate Finance added Sheon Karol to the Hilco Corporate Finance team. Mr. Karol will serve as Managing Director in Corporate Finance/Special Situations. Mr. Karol is a nationally prominent investment banker and restructuring advisor. He...
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February 01, 2022, 07:50 AM
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Blank Rome announced that David E. Kronenberg has joined the firm as an energy finance partner in the Finance, Restructuring, and Bankruptcy practice group and as a member of the firm’s cross-practice Energy Industry Team, and will be based in the...
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January 26, 2022, 07:24 AM
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Companies have unique opportunities to shift their focus beyond capital structure fixes during bankruptcy and identify plans and strategies for building a stronger foundation for scalable, sustainable growth upon emerging from Chapter 11, according...
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October 27, 2021, 07:42 AM
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Citing a continued uptick in activity, global law firm Greenberg Traurig expanded its global Restructuring & Bankruptcy Practice with the addition of former Dentons partner Brian E. Greer as a shareholder in the firm's New York office.Greer will find...
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September 24, 2021, 07:00 AM
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Armstrong Teasdale announced that Financial and Real Estate Services Partner Erin Edelman has been selected to lead the firm’s Restructuring, Insolvency and Bankruptcy practice. Edelman succeeds Partner Richard Engel, who was named Armstrong Teasdale...
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September 23, 2021, 07:39 AM
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Blank Rome announced that Cassandra G. Mott and Sarah H. Frazier have joined the firm’s Houston office as partners in its Finance, Restructuring, and Bankruptcy practice group. Cassandra and Sarah represent financial institutions, including...
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September 02, 2021, 07:55 AM
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Advisory Group Equity Services launched Trust Capital Markets, a growth stage and middle-market focused investment banking division providing financial advisory, capital placement, mergers and acquisitions, and restructuring services to businesses...
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August 20, 2021, 07:48 AM
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Carl Marks Advisors has been recognized with three 2021 Turnaround Atlas Awards. The awards, which are given out each year by the Global M&A Network to honor significant achievements in financial restructuring, insolvency and distressed investing...
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July 16, 2021, 08:00 AM
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BDO Consulting Group announced that Michael Edelschick has rejoined the firm’s Business Restructuring & Turnaround Services practice as a Managing Director and national leader of the Bankruptcy Litigation Services group. Edelschick was previously...
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July 02, 2021, 07:35 AM
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Portage Point Partners announced Adam Chonich has joined the firm as a Managing Director.Chonich has well over a decade of turnaround and restructuring experience having advised companies across industries including automotive, retail, aviation and...
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May 11, 2021, 07:22 AM
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Raymond James is expanding its Recapitalization & Restructuring Investment Banking practice with the hiring of Jacob Czarnick as managing director. Czarnick will focus on restructuring and will use his deep knowledge of both company and creditor...
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April 30, 2021, 07:39 AM
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Frontier Communications Corporation announced the California Public Utilities Commission has unanimously voted to approve its emergence from Chapter 11. Having already received all other required state and federal approvals, the Company expects to...
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April 16, 2021, 06:00 AM
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Alvarez & Marsal (A&M) has promoted Managing Director Seth Bullock to Co-Head of the Southern Region for its North American Restructuring & Turnaround division alongside Managing Directors Brian Cejka and Jonathan Hickman. Mr. Bullock’s promotion...
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November 20, 2020, 07:00 AM
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Simon Consulting, LLC announced that Daniel Williams and Barry Monheit have joined Simon as Senior Managing Directors.Williams has over 30 years of experience as a nationally recognized restructuring professional. He has advised numerous...
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October 05, 2020, 09:10 AM
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Macy’s, Inc. announced an updated strategy and three-year plan designed to stabilize profitability and position the company for growth.“We have a clear vision of where Macy’s, Inc. and our brands, Macy’s, Bloomingdale’s and Bluemercury, fit into...
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February 07, 2020, 09:10 AM
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TOMS Shoes, a maker of footwear perhaps best known for its charitable principles and low cut canvas slip on, has reached a deal with creditors to avoid a possible bankruptcy filing, according to multiple media reports.Reuters first broke the news...
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December 31, 2019, 09:00 AM
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A year after exiting restructuring fashion retailer Charming Charlie has reportedly filed its second bankruptcy filing, with plans to close all 261 of its stores. That's according to numerous media reports, which state the company filed for Chapter...
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July 12, 2019, 09:00 AM
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Nine West Holdings, Inc. announced that, together with certain of its affiliates that it has successfully completed its financial and operational restructuring and emerged from Chapter 11 under the majority equity ownership of CVC Credit Partners and...
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March 21, 2019, 09:00 AM
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AloStar Capital Finance announced that the acquisition of Fenix Parts, Inc. by Stellex Capital Management has been recognized as the “Out-of-Court Restructuring of the Year” in the under $100 million category in the 13th Annual Turnaround Awards by...
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March 19, 2019, 08:14 AM
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CTI Foods, a leading custom foodservice manufacturer supplying the top U.S. restaurant chains and branded food companies, announced that it has reached an agreement with the majority of its lenders on a comprehensive balance sheet restructuring that...
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March 11, 2019, 08:19 AM
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Luxury retailer Neiman Marcus Group LTD LLC announced that it has made significant progress in refinancing discussions and has reached an agreement in principle with majority holders of each of the Company’s term loans and unsecured notes on the...
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March 04, 2019, 08:00 AM
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Toys"R"Us® has officially emerged as a new company, with new leadership and a new vision to deliver the magic of its iconic brands around the world.
Effective January 20, 2019, the new company, Tru Kids Inc. doing business as Tru Kids BrandsTM...
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February 12, 2019, 08:01 AM
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New England Motor Freight, Inc. announced that the Company and ten related entities have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey in Newark on February 11, 2019....
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February 12, 2019, 07:27 AM
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Editor's Note: On Friday, February 8, 2019, ABL Advisor inaccurately reported the restructuring facility amount provided by Citizens Bank. The correct amount is $105 million. We apologize for this error.
FULLBEAUTY Brands Holdings Corp. announced...
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February 11, 2019, 07:13 AM
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A steady drumbeat of disruption is a key driver of industries facing the need for transformative change, according to global consulting firm AlixPartners’ 14th annual survey of international restructuring experts released. New technology, rapid-fire...
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February 06, 2019, 07:24 AM
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PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of California.
Throughout...
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January 30, 2019, 09:20 AM
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Less than two months after initiating a strategic review of its businesses, Gymboree Group, Inc., a specialty children's retailer, announced that the company and its U.S. subsidiaries have voluntarily filed for relief under Chapter 11 of the...
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January 18, 2019, 08:00 AM
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Clothing retailer FULLBEAUTY Brands Inc. announced that it has entered into a comprehensive Restructuring Support Agreement with key stakeholders, including its equity sponsors, Apax Partners and Charlesbank Capital Partners, holders of 100% of its...
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January 04, 2019, 08:27 AM
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Catalina, a market leader in shopper intelligence and personalized digital media that converts shoppers into buyers, announced that it has reached an agreement with over 90% of the company's first lien lenders and over 75% of the company's second...
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December 13, 2018, 08:13 AM
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The Board of Directors of Boston Scientific Corporation approved a new global restructuring program, accoring to a regulatory filng with the SEC. The program is intended to support the Company’s effort to improve operating performance and meet...
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November 21, 2018, 09:00 AM
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SierraConstellation Partners, LLC (SCP), a national interim management and advisory firm to middle-market companies in transition, announced that it has hired Robert O. “Bob” Riiska as Managing Director. Riiska will be based at the firm’s Los Angeles...
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October 25, 2018, 07:05 AM
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Princeton Alternative Income Fund's (PAIF) latest attempt to resolve its bankruptcy dispute by appointing an independent restructuring officer was rejected by Ranger Direct Lending last week.
The fund proposed hiring respected former United States...
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October 24, 2018, 07:10 AM
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Claire's Stores, Inc. announced that it successfully completed its financial restructuring and emerged from Chapter 11 as the Company's court-confirmed Third Amended Plan of Reorganization went into effect October 12, 2018. With support from its...
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October 15, 2018, 07:15 AM
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Sears Holdings Corporation announced that Alan J. Carr, Managing Member and CEO of Drivetrain, LLC, has joined the Board of Directors, raising the specter of a possible bankruptcy filing on the horizon. The news comes as the retailer is reportedly...
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October 11, 2018, 08:00 AM
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FTI Consulting, Inc. announced the appointment of Chad Shandler and Clifford Zucker as Senior Managing Directors, Kevin DeLuise as a Managing Director and Roberta Probber and Karl Knechtel as Senior Directors in the Corporate Finance & Restructuring...
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October 03, 2018, 07:18 AM
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AlixPartners, the global consulting firm, announced it has entered into an agreement to acquire independent financial advisory and interim management firm Zolfo Cooper. The proposed transaction follows AlixPartners’ successful acquisition of Zolfo...
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September 28, 2018, 08:00 AM
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Global professional services firm Alvarez & Marsal (A&M) announced the addition of Michael V. Balistreri as Managing Director to its Corporate Finance practice in New York. Balistreri specializes in providing investment banking and financial advisory...
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September 26, 2018, 07:11 AM
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International law firm Hogan Lovells announced that Douglas Taber has joined the firm’s Business Restructuring and Insolvency (BRI) practice as partner in its New York office. Prior to joining Hogan Lovells, Taber served as Lead Executive Counsel...
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September 11, 2018, 08:02 AM
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Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced that it has entered into a definitive agreement to acquire Millstein & Co., an advisor to companies, investors, and sovereigns with expertise...
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July 16, 2018, 07:15 AM
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EV Energy Partners, L.P. announced that it has successfully completed its financial restructuring and has emerged from Chapter 11 as a new corporation under the name Harvest Oil & Gas Corp. Through the restructuring, Harvest has eliminated...
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June 05, 2018, 07:09 AM
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Alvarez & Marsal (A&M) announced that Jeffrey Huddleston has joined as a Managing Director in the firm’s Houston office. Huddleston specializes in advising distressed companies, lenders and creditors on both in-court and out-of-court restructurings...
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April 20, 2018, 07:17 AM
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iHeartMedia, Inc. announced that it has reached an agreement in principle with holders of more than $10 billion of its outstanding debt and its financial sponsors. The agreement reflects widespread support across the capital structure for a...
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March 16, 2018, 07:38 AM
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Southeastern Grocers, the parent company of Winn Dixie, Bi-Lo, Fresco y Más and Harveys Supermarket, has filed a court-supervised, prepackaged restructuring agreement to reduce its debt by more than $500 million.
"We have not taken these steps...
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March 16, 2018, 07:09 AM
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EV Energy Partners, L.P. and its subsidiaries announced that the company entered into a restructuring support agreement (RSA) with certain holders of approximately 70% of its 80% senior notes due 2019 and lenders holding approximately 94% of the...
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March 14, 2018, 07:33 AM
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Tops Markets, LLC announced that it is pursuing a financial restructuring in order to eliminate a substantial portion of debt from the Company’s balance sheet and position Tops for long-term success.Tops stores across the Company’s portfolio in...
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February 23, 2018, 07:10 AM
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Genesis HealthCare, one of the nation’s largest providers of post-acute care, announced it has secured new financing commitments including a commitment for a new $555 million asset based lending (ABL) facility and an agreement for an amended and...
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February 22, 2018, 07:11 AM
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Leading global professional services firm Alvarez & Marsal (A&M) has promoted Managing Director Brian J. Fox to the role of Co-Head of the Eastern Region for its North American Commercial Restructuring practice, alongside Managing Director, Robert...
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February 16, 2018, 07:19 AM
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Remington Outdoor Company announced that it has reached a Restructuring Support Agreement with creditors holding a majority of the FGI Operating Company, LLC Term Loans due in 2019 and 7.875% Senior Secured Notes due in 2020. The RSA provides for the...
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February 13, 2018, 08:01 AM
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Houlihan Lokey announced that Edward Middleton has joined the firm as a Managing Director and Co-Head of Financial Restructuring, Asia alongside Brandon Gale. He is based in Hong Kong.
Middleton enjoys an excellent reputation in the international...
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February 05, 2018, 07:10 AM
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Houlihan Lokey, Inc., the global investment bank, announced that Jim McKnight has joined the firm as a Managing Director. He is based in Sydney and will lead the firm’s Financial Restructuring efforts in Australia.McKnight joins from Fort Street...
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February 01, 2018, 07:12 AM
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The J.G. Wentworth Company® announced it has successfully completed its reorganization in coordination with its lenders, pursuant to the Company’s Joint Prepackaged Chapter 11 Plan of Reorganization that was confirmed by the U.S. Bankruptcy Court for...
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January 26, 2018, 07:40 AM
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Despite last year being hectic for the restructuring industry, including being the year of the so-called “retail apocalypse,” look for 2018 to be perhaps even busier, with possible continued distress in retail, increased activity in healthcare...
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January 19, 2018, 07:34 AM
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Completed distressed debt and bankruptcy restructuring activity totaled $282.2 billion during full year 2017, a 18% decrease compared to 2016, according to data released by Thomson Reuters.There were 302 completed restructuring transactions worldwide...
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January 15, 2018, 07:31 AM
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A newly published analysis of distressed exchanges, or DEs, by Moody's Investors Service finds corporates' use of DEs increasing since the global financial crisis, with companies such as Chesapeake Energy and Claire's Stores contributing to the...
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January 02, 2018, 07:37 AM
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J.G. Wentworth Co. filed a pre-packaged petition for Chapter 11 protection, the second timein five years the specialty finance comoany has sought credit protection from the courts. The company is seeking to restructure $450 million in debt in a deal...
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December 13, 2017, 07:41 AM
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The Woodbridge Group of Companies, LLC and certain of its affiliates and subsidiaries announced that it has commenced a process to implement a debt recapitalization intended to restructure its approximately $750 million in debt. To facilitate this...
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December 04, 2017, 07:43 AM
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Global professional services firm Alvarez & Marsal (A&M) has bolstered its Corporate Performance Improvement practice with the addition of seasoned transformation experts Scott Burgess and Keith Browning who join as Managing Directors in the...
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November 20, 2017, 07:00 AM
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The J.G. Wentworth Company announced an agreement, with lenders holding over 87% of the aggregate principal amount outstanding under the Company’s $449.5 million senior secured credit facility, to significantly deleverage the Company. The agreement...
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November 13, 2017, 07:50 AM
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After less than four months, True Religion Brand Jeans has emerged from Chapter 11 Bankruptcy following negotiations with its key stakeholders, under a Plan of Reorganization approved by the Delaware Bankruptcy court on October 5, 2017.True...
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October 30, 2017, 07:40 AM
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Paul, Weiss, Rifkind, Wharton & Garrison LLP announced that Paul M. Basta joined the firm as co-chairman of the Bankruptcy & Corporate Reorganization Department, resident in the New York office. Basta advises debtors, creditors and investors in...
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October 25, 2017, 08:00 AM
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The Bon-Ton Stores, Inc. announced that it has amended its $880 million ABL Tranche A and Tranche A-1 credit facility, providing the Company with immediate flexibility and substantial additional liquidity under its current credit facility.According...
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October 25, 2017, 07:20 AM
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Avaya announced that it has reached global consensus regarding the terms of a chapter 11 plan with its major creditors. As a result of the Global Resolution, Avaya has filed a Second Amended Plan of Reorganization which, among other things: (a)...
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October 24, 2017, 07:13 AM
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FTI Consulting, Inc. announced the appointment of Stephen Kunkle as a Managing Director in the firm’s Transaction Services practice within its Corporate Finance & Restructuring segment.
Kunkle, who will be based in Atlanta, brings extensive...
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October 17, 2017, 07:26 AM
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Thomson Reuters released its Distressed debt & bankruptcy review for the first nine months 2017, showing double digit decreases in activity compared to the same period last year.
Completed distressed debt and bankruptcy restructuring activity...
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October 16, 2017, 07:45 AM
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AlixPartners, the global advisory firm, announced that it recently completed the successful financial restructuring of Ocean Rig UDW and certain of its subsidiaries.Ocean Rig is an international offshore drilling contractor providing oilfield...
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October 05, 2017, 07:00 AM
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Gordon Brothers, the Boston-based global advisory, restructuring and investment firm, announced that it has appointed Sheila Smith to its Board of Advisors. Smith has over 25 years of experience in financial advisory and restructuring services. She...
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September 25, 2017, 08:00 AM
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A.M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced that it has emerged from its voluntary chapter 11 proceedings before the United States Bankruptcy Court for the District of Delaware commenced on June 18...
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September 01, 2017, 07:50 AM
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Blackhill Partners LLC, a restructuring investment bank, entered into a joint venture with TFA Capital Partners (TFA) in order to bring experienced advice in Restructuring & Recapitalizations and Energy Financings to Tribal clients.
The combined...
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August 17, 2017, 07:30 AM
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Global firms providing distressed debt and bankruptcy restructuring services completed deals valued at $105.9 billion during the first half of 2017, a 28% increase over the same period last year, according to data from Thomson Reuters published by...
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July 18, 2017, 08:01 AM
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Georgia-based flooring firm Beaulieu Group LLC, doing business as Beaulieu Group LLC, announced that it has commenced a formal proceeding to restructure its balance sheet by filing voluntary petitions under Chapter 11 in the United States Bankruptcy...
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July 18, 2017, 07:38 AM
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Grant Lyon, Craig Hansen and Peter Kaufman announced they have partnered to form Caissa Capital, LLC, a venture aimed at providing, in one entity, senior-level workout, financial restructuring and legal services. Caissa will target large, complex...
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July 13, 2017, 08:02 AM
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The Gymboree Corporation announced that, following a comprehensive evaluation of its retail footprint as part of its previously announced court-supervised financial restructuring, the Company intends to close approximately 350 stores, mainly across...
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July 13, 2017, 07:41 AM
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Gordon Brothers, the Boston-based global advisory, restructuring and investment firm, announced that Christopher Koenig has joined the company as a director in the Commercial and Industrial division. In this role, Koenig will be responsible for...
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June 15, 2017, 07:12 AM
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A. M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced that it has executed commitment letters with PNC Bank, National Association for (1) a $125 million senior-secured, revolving credit facility that will...
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June 06, 2017, 07:18 AM
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Ravinia Capital, a boutique investment banking firm that addresses the financial and structural needs of distressed companies, said well-known restructuring specialist Richard Bendix has joined the company as a Managing Director, effective...
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May 11, 2017, 07:24 AM
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A. M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced that it has reached agreement with its first-lien lending group to accelerate the Company's access to capital under its existing credit facilities to...
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May 05, 2017, 07:15 AM
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Canadian Equipment Rentals Corp. announced that it has largely completed its restructuring efforts and entered into a Loan and Security Agreement with Maynbridge Capital Inc. The company partnered with Maynbridge Capital for the next year through...
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April 27, 2017, 07:14 AM
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New York hedge fund Deerfield Management, a healthcare-only investment firm with over $8.0 billion under management, has purchased outstanding bank debt from Adeptus Health, Inc., and expects to provide additional financing, along with operational...
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April 07, 2017, 07:09 AM
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Caesars Entertainment Corporation and Caesars Entertainment Operating Company, Inc. (CEOC) and its Chapter 11 debtor subsidiaries announced the pricing of $1.435 billion of senior secured credit facilities for CEOC, consisting of a $1.235 billion...
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April 05, 2017, 07:10 AM
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Goldman Sachs has appointed Greg Berube to oversee the investment bank's Americas Restructuring Group.According to an internal company memo provided to ABL Advisor by a Goldman Sachs spokesperson, Berube will focus on continuing to grow Goldman's...
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March 30, 2017, 07:28 AM
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Donlin, Recano & Company, Inc., an AST company, announced that Meg Manning has joined the firm as Director of Business Development. Manning is primarily focused on strengthening the company's presence in multiple markets, as well as expanding its...
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March 28, 2017, 07:11 AM
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A group of creditors of bankrupt Brazilian telephone operator Oi SA are objecting to terms of the company's latest debt restructuring plan, calling them unfair and taking issue with the firm's lack of transparency in drafting them.
The Steering...
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March 28, 2017, 06:30 AM
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Debt collection agency SquareTwo Financial Services announced it reached an agreement with Resurgent Holdings LLC under which Resurgent or one or more of its subsidiaries or affiliates will acquire substantially all of SquareTwo’s portfolio of assets...
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March 20, 2017, 07:11 AM
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Ankura Consulting (Ankura) announced the appointment of David Sawyer as Senior Managing Director. Based in the New York office, Mr. Sawyer will practice with the firm’s Turnaround and Restructuring Group. David Sawyer joins the ranks of Ankura’s...
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February 08, 2017, 07:16 AM
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Restructuring and turnaround management consulting firm Gavin/Solmonese and boutique investment banking firm Equity Partners HG are pleased to announce that bankruptcy and mediation expert Frank A. Monaco, Esq., will lead a joint strategic marketing...
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February 02, 2017, 08:00 AM
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AlixPartners, the global advisory firm, released the results of its 11th Annual North American Restructuring Experts Survey. This year’s survey, which represents the opinions of 207 senior-level restructuring experts, indicates there will likely be...
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January 10, 2017, 07:50 AM
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Apollo Global Management, LLC announced the appointment of Gary W. Parr as a Senior Managing Director and Co-Chairman of the firm’s Management Operating Committee, reporting to Joshua Harris, Co-Founder and Co-Chairman of the Management Operating...
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December 12, 2016, 08:00 AM
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Leading global professional services firm Alvarez & Marsal (A&M) has promoted Managing Director Jonathan Hickman to the role of Co-Head of the Southern Region for its North American Restructuring division. He will lead the region along with Managing...
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December 02, 2016, 07:19 AM
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As part of its continuing leadership transition plan, Otterbourg P.C. has named Daniel Fiorillo head of the firm’s restructuring practice group as of January 1, 2017. Jonathan Helfat, who successfully led the group for more than 25 years, will be...
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October 27, 2016, 07:40 AM
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Moritz Poehl and Nate Kirk announced the launch of Everside Capital Partners, which is focused exclusively on the U.S. middle and lower-middle business marketplace. Everside will pursue attractive opportunities in direct lending and invest in middle...
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October 07, 2016, 07:54 AM
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Caesars Entertainment Corporation and Caesars Entertainment Operating Company, Inc. ("CEOC") and its Chapter 11 debtor subsidiaries (collectively, the "Debtors") announced that they have received confirmation from representatives of CEOC's major...
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September 27, 2016, 07:38 AM
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Miller Buckfire, a leading investment bank specializing in corporate restructuring and recapitalization,announced that Richard Klein has joined as Managing Director in New York.Klein brings over twenty years of experience to Miller Buckfire. Most...
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September 26, 2016, 08:16 AM
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Blackhill Partners, a boutique investment banking firm specializing in restructurings, corporate divestitures and special situations, appointed restructuring industry veteran Steven Strom as Chief Executive Officer. Strom will serve as the lead...
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September 20, 2016, 07:10 AM
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Mackinac Partners, a leading financial advisory and turnaround management and restructuring firm, announced the addition of highly accomplished turnaround, restructuring and M&A executives Michael Nowlan and Craig Boucher to the firm.Nowlan, based in...
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September 01, 2016, 07:38 AM
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Templar Energy LLC and its affiliates announced that it has reached an agreement with holders of over 82% in amount of its second lien debt, 100% of its equity holders and 100% of its first lien RBL lenders on the terms of a financial restructuring...
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August 15, 2016, 07:29 AM
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BDO Consulting, a division of BDO USA, announced the appointment of Basil Karampelas as Managing Director in the firm’s Business Restructuring and Turnaround Services practice. Karampelas brings more than 25 years of experience in corporate...
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August 10, 2016, 07:06 AM
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Conway MacKenzie announced the launch of the firm’s Valuation & Opinion Services practice. Led by Senior Managing Director, Sam W. Clark, IV, the group provides expert advice and opinions to companies and their boards, investors and other capital...
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August 03, 2016, 07:53 AM
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Dex Media, Inc., one of the largest national providers of local marketing solutions for local businesses, announced that it completed its financial restructuring and emerged from Chapter 11 when its confirmed Plan of Reorganization (the “Plan”) went...
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August 02, 2016, 07:58 AM
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Malfitano Partners, a unique legal and advisory group based in New York City, announced it has established a Board & Fiduciary Services platform under one of its operating units, Malfitano Advisors, LLC. The launch comes just after the six-month...
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July 26, 2016, 07:15 AM
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Perella Weinberg Partners announced that Alex Tracy has joined the firm as a Managing Director in its Advisory business. Based in New York, Tracy will be a member of the firm’s restructuring practice.Tracy has 17 years of investment banking...
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July 20, 2016, 07:39 AM
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Leading global professional services firm Alvarez & Marsal (A&M) has expanded its restructuring practice with the addition of Michael Stewart who joins as a Managing Director in Toronto, Canada. Stewart brings nearly 20 years of experience in...
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July 15, 2016, 07:23 AM
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Arch Coal, Inc. secured a global settlement with certain of its senior secured lenders that hold more than 66 2/3% of its first lien term loan and the Official Committee of Unsecured Creditors (the "UCC"). The company has filed an amended Plan of...
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July 06, 2016, 07:38 AM
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Midstates Petroleum Company, Inc. and Midstates Petroleum Company LLC announced that they have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District...
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May 02, 2016, 08:20 AM
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Perella Weinberg Partners announced that Bruce H. Mendelsohn has joined the Firm as a Partner in its Advisory business. Based in New York, Mendelsohn will lead the Firm’s restructuring practice, working closely with Partner Kevin Cofsky and the other...
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January 11, 2016, 07:51 AM
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Leading global professional services firm Alvarez & Marsal (A&M) has promoted Managing Director Jon Goulding to the role of Co-Head of the firm’s North American Commercial Restructuring Practice for the West Region. Goulding specializes in financial...
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December 11, 2015, 07:39 AM
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KPMG announced today that Kevin A. Krakora has recently joined the group’s restructuring practice as a principal. With nearly 25 years of restructuring and turnaround experience, Krakora comes to KPMG in Chicago from Mesirow Financial Consulting...
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October 26, 2015, 08:07 AM
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Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced Alexander Rohan, CFA has joined the firm as a managing director in the restructuring advisory group."We are excited that Alex has joined our...
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August 25, 2015, 07:28 AM
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Leading global professional services firm Alvarez & Marsal is expanding its North American Commercial Restructuring practice with the addition of veteran practitioner Dan Scouler, who joins as a Managing Director in Los Angeles.Scouler brings four...
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May 21, 2015, 07:23 AM
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Zolfo Cooper and Talbot Hughes McKillop (THM), leading independent restructuring advisors, announced that they have entered into an affiliation agreement to cooperate on global restructuring engagements.
The two firms specialize in helping corporate...
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February 17, 2015, 07:09 AM
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Caesars Entertainment Corporation ("CEC") and Caesars Entertainment Operating Company, Inc., a majority owned subsidiary of CEC ("CEOC") engaged in confidential discussions with certain beneficial holders (the "Bank Lenders") of first lien debt (the ...
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February 02, 2015, 07:52 AM
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SierraConstellation Partners, LLC (SCP), an interim management and advisory firm to middle-market companies in transition, announced today that Jeff Nerland has joined the firm as a senior director. He brings 30 years of turnaround experience to SCP...
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July 22, 2014, 07:34 AM
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Stradley Ronon announced that it has significantly expanded its New York office with the hiring of three prominent finance and restructuring attorneys, led by partner Mitch Brand, who will join longtime partner Gary P. Scharmett as co-chair of the...
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June 12, 2014, 07:36 AM
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FocalPoint Partners announced the addition of Michael Fixler as Managing Director. He joins FocalPoint’s growing Chicago office to further develop its efforts in restructuring and special situations.
Fixler has spent his career advising companies...
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March 24, 2014, 07:36 AM
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A Reuters article notes that Washington D.C. law and lobbying firm Patton Boggs is working with restructuring lawyers as it deals with waning revenue and continues to discuss a merger with a larger law firm. The article cites information obtained...
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March 05, 2014, 07:48 AM
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SOLIC Capital, together with each of its affiliates, “SOLIC,” an integrated principal investing, distressed asset management, and financial advisory firm, today announced the completion of its platform with the transition of Navigant Capital...
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January 16, 2014, 07:12 AM
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Rural/Metro Corporation, a national provider of private ambulance and fire protection services in 21 states and nearly 700 communities, has reached an agreement-in-principle on a comprehensive financial restructuring plan that will strengthen the...
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August 05, 2013, 08:01 AM
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Guggenheim Securities announced the hiring of an eight member investment banking team led by Senior Managing Director James D. Decker. This addition affirms Guggenheim's commitment to the middle market and broadens the firm's existing capabilities in...
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July 10, 2013, 08:07 AM
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