Category: Bankruptcy Updates

Monarch Acquires 10 Hotels from Eagle Hospitality as Part of Bankruptcy Process

Monarch Alternative Capital purchased 10 full-service hospitality real estate assets located in four states in the United States for a total consideration of $360 million. The properties were sold by Eagle Hospitality Real Estate Investment Trust as part of its bankruptcy process.

U-Haul of West Virginia Commences Financial Restructuring with Chapter 11 Filing

U-Haul of West Virginia filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of West Virginia. The Chapter 11 filing and anticipated restructuring transaction are the final steps in the company’s internal restructuring that began in 2020.

Washington Prime Group Enters Chapter 11, Secures $100MM in DIP Financing

Washington Prime Group filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. Washington Prime Group also secured $100 million in new money debtor-in-possession financing.

Portage Point Partners Advises Alex and Ani on Restructuring, Chapter 11 Filing

Alex and Ani entered into a restructuring support agreement with its debt holders and equity sponsors and commenced Chapter 11 proceedings. Portage Point Partners is serving as Alex and Ani’s financial advisor in connection with the restructuring.

Carl Marks Advisors Guides Aztec/Shaffer Through Restructuring and Sale

Carl Marks Advisors completed the restructuring and sale of Aztec Events & Tents and Shaffer Sports. Carl Marks Advisors served as restructuring advisor to the company, with partner Brian Williams acting as chief restructuring officer.