Category: 2014

New Money Issuance Higher Market Poised to Top 2013

ABL volume is up from last year, with Q1/14-Q3/14 new-money deals substantially higher, six percentage points, than the same time last year. Refinancings continue to dominate, and demand still outpaces supply — pushing pricing downward. But there has been a return to more traditional ABL refinancings, with fewer opportunistic refinancings in Q3/14.

The Restructuring of Kodak: Bringing Two Well-Positioned Companies into Focus

From Eastman Kodak Company’s storied past to its struggles with market forces and Chapter 11, AlixPartners takes us inside how it played a pivotal role in restructuring and splitting apart an iconic company that stands as one of the most innovative, unusual and successful deals ever consummated in the history of cross-border insolvency.

Valuation Expertise: Necessary Chapter 11 Process Navigation

Managers of companies going through a Chapter 11 restructuring process need to juggle an extraordinary set of additional responsibilities, often requiring help from outside third party specialists to formulate a reorganization plan that facilitate a successful navigation through the bankruptcy court. Travis W. Harms and Sujan Rajbhandary provide expertise on the Chapter 11 reorganization process and emergence.

Auto Business Transformation: Going From Too Many to a Profitable Few

Jon Jensen, managing director at Gavin/Solmonese, gives an inside account on how his firm intervened on behalf of an automobile group facing bankruptcy, and affected a turnaround that encompassed closing weak stores and reducing corporate overhead to create a framework within which to operate the surviving businesses more profitably.

Revisiting Old Guidelines: ABI Commission to Issue Chapter 11 Reform Recommendations

After nearly four decades since the U.S. Bankruptcy Code was passed, the American Bankruptcy Institute established a commission to revisit the guidelines that no longer fit in the current world of complex bankruptcy workouts and turnarounds. After discussions, field hearings and deliberations, the ABI Commission to Study the Reform of Chapter 11 plans to make its recommendations at the end of the year for a major overhaul.