Category: Turnaround Management News

Pyxus Completes Restructuring, Glendon and Monarch Lead Investment in Exit Term Loan

Pyxus completed its financial restructuring, which includes a $213 million exit term loan and a $75 million exit asset based revolving facility. Glendon Capital Management and Monarch Alternative Capital are leading the investment in Pyxus’ exit term loan facility.

Alvarez & Marsal Launches Financial Restructuring Practice in the Nordics

Alvarez & Marsal hired two new managing directors in the Nordics. Jonas Rickardsson joined as the head of financial restructuring in the region and Dan Andersson was appointed to lead the Nordic operational restructuring and CRO services.

CohnReznick Wins Turnaround of the Year Award for Restructuring & Sale of Coordinated Health

The Turnaround Management Association awarded its 2020 Turnaround and Transaction of the Year Award to Cynthia Romano and Chris Creger of CohnReznick’s restructuring and dispute resolution practice in recognition of their success in the turnaround and sale of Coordinated Health.