Credit Suisse Agents Loan Repricing for Hostess

Hostess Brands repriced its existing first lien term loan, with Credit Suisse serving as administrative agent for the lending group.

Hostess Brands to Go Public After Sale to Gores Holdings

Hostess Brands, the maker of Hostess Twinkies, Ding Dongs and CupCakes, entered into a definitive agreement with Gores Holdings, a special purpose acquisition company sponsored by an affiliate of The Gores Group.

Hostess Said to Seek Loans to Refinance Debt, Fund Payout

Bloomberg reported that Hostess Brands is seeking $1.225 billion of loans to refinance debt and pay a dividend.

What’s in a Name? Just Ask Hostess Brands — The Value of Branding in Bankruptcy

Using the recently completed auction sale of Hostess Brands’ as a model, FTI Consulting’s global co-leader, Kevin Lavin, reveals the economic value embedded in established brand names, trademarks and other intangibles — value that buyers often are willing to pay top dollar for when they become available.

Rabin, Capital Recovery to Conduct Nationwide Hostess Auctions

Rabin Worldwide and Capital Recovery Group said they will conduct multiple auctions for the remaining assets of former Hostess factories on behalf of Hackman Capital Partners beginning Oct. 30.

Paul Hastings Represents UBS ABL for Hostess Assets Sale

Paul Hastings represented UBS AG in a $60 million ABL facility in connection with Apollo Global and Metropoulos’ purchase of certain assets related to the manufacturing and distribution of snack products from Hostess Brands.

Hostess Sues Kroger Over $2.8MM in Unpaid Invoices

Reuters reported that Hostess filed a lawsuit in U.S. Bankruptcy Court in Manhattan demanding $2.84 million in overdue invoices from grocery store chain Kroger.

FinalCut: Over Two Dozen Bidders to Vie for Hostess

ABF Journal illustrator Jerry Gonzalez shares his depiction of the barrage of bidders — including Wal-Mart Stores, Kroger Co., Grupo Bimbo and Alpha Baking — vying for the assets of Hostess Brands as part of the company’s liquidation.

Hostess Stalking Horse Bids Total $858MM

Bloomberg reported that Hostess Brands’ CEO Greg Rayburn announced that the stalking horse bids for the company’s assets now total $858 million, up from the previously announced $410 million bid by Apollo Global Management and Metropoulous.

Metropoulos, Apollo to Bid for Hostess Cakes Business

Bloomberg reported that private equity firms C. Dean Metropoulos and Apollo Global Management plan to bid for the cakes business of bankrupt Hostess Brands.