WFCF, Brookfield Agent $280MM DIP Financing for Bumble Bee

Bumble Bee Foods has filed Chapter 11 and will receive $280MM in DIP financing in two separate facilities agented by Wells Fargo Capital Finance and Brookfield Principal Credit.

Bardin Hill Provides $84MM DIP Financing to DURA

DURA Automotive Systems has received approval from the U.S. Bankruptcy Court for the District of Delaware for $84 million in DIP financing from funds managed by Bardin Hill Investment Partners and its affiliates

Rabobank Leads $850MM DIP Facility for Dean Foods

Dean Foods and substantially all of its subsidiaries have initiated voluntary Chapter 11 reorganization proceedings in the Southern District of Texas.

Ankura, Barclays, Macquarie Support Bristow Group Exit from Chapter 11

Bristow Group has emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process and implementing the Chapter 11 reorganization plan confirmed by the U.S. Bankruptcy Court for the Southern District of Texas.

October Commercial Chapter 11 Filings Increase 25%

Commercial Chapter 11 filings increased 25% in October 2019 over the previous month, according to data provided to the American Bankruptcy Institute by Epiq Systems.

GLAS Trust Agents $350MM DIP for Murray

Murray Energy and certain of its subsidiaries filed a Chapter 11 petition as part of a restructuring support agreement with an ad hoc lender group holding more than 60% of the approximately $1.7 billion in claims under the company’s superpriority credit and guaranty agreement.

WSJ: Barneys Stalking Horse Deadline Extended to Tuesday

According to the Wall Street Journal, lenders for bankrupt retailer Barneys New York have extended the deadline for the company to find a stalking horse bidder until Tuesday, October 15.

BMO Agents $750MM Exit Facility for Halcón Resources

Halcón Resources has emerged from bankruptcy under Chapter 11 of the U.S. Bankruptcy Code.

Apollo, Elliott Cut Deal to Support EP Energy Chapter 11 Filing

The Wall Street Journal reported EP Energy filed for Chapter 11 protection by cutting $3.3 billion in debt under a proposed deal with Apollo Global Management and Elliott Management.

September Commercial Chapter 11 Filings Up 33% Over 2018

ABI reported Commercial Chapter 11 filings totaled 414 in September, a 33% increase over September 2018’s total of 312 filings, according to data provided by Epiq Systems.