2024 Dealmakers of the Year – Featured Turnaround Deals

BORROWERINDUSTRYLENDERROLEAMOUNTSTRUCTURENOTES
LL FlooringFlooringBank of AmericaLead Lender130.0DIP FinancingProvided liquidity to support operations and a going-concern sale during Chapter 11 proceedings
N/ASteel FabricatorBig Shoulders CapitalLender1.0DIP FinancingProvided working capital and supported a going-concern sale process during restructuring efforts
Hornblower GroupTravel Transportation ExperiencesDeutsche BankLender300.0DIP FinancingSupported business operations and facilitated a Chapter 11 restructuring process, enabling debt reduction and strategic ownership changes
N/AMining / ConsortiumeCapitalLender3.0Factoring Line of CreditAddressed cash flow challenges, supported the consortium's exit from receivership and enabled operational turnaround efforts
Airspan NetworksTechnology / Software & Hardware for 5G NetworksFortress Investment GroupLender53.0DIP FinancingSupported restructuring process, ensuring operational continuity and positioning for future growth opportunities
EndoPharmaceuticalGoldman SachsLeft Lead Arranger1500.0Exit Term LoanSupported Endo’s exit from Chapter 11, providing critical financing for reorganization and future operations
Basic Fun!ToysGreat Rock CapitalLender50.0DIP FinancingSupported Basic Fun!'s post-restructuring growth, enhancing liquidity and flexibility for business expansion initiatives
EdgioTechnologyLynrockLender15.6DIP FinancingSupported Chapter 11 process, enabling business continuity and facilitating a court-supervised sale process
LaVie Care CentersHealthcare / Nursing FacilitiesOmega Healthcare InvestorsLender20.0DIP FinancingSupported Chapter 11 process, ensuring continuity of care and operational stability during restructuring
BowflexFitness EquipmentSLR Credit SolutionsLender25.0DIP FinancingSupported Chapter 11 process, enabling operational continuity and facilitating the sale and auction process
BurgerFiRestaurantsTREW Capital AffiliateLender3.5DIP FinancingEnsured liquidity for BurgerFi's operations, supporting business continuity and facilitating the restructuring process
LumioRenewable EnergyWhite OakLender8.0DIP FinancingSupported operations during its Chapter 11 process, facilitating a value-maximizing sale and business continuity