AlixPartners promoted 12 individuals to the role of managing director, including seven members of the firm’s turnaround and restructuring services division.
CohnReznick added Jeff Anapolsky, Amy Stonecipher and Jean Almonte from Crossroads Strategic Advisors to its restructuring and dispute resolution practice.
Lisa Donahue, joint global head of turnaround and restructuring services at AlixPartners, received the Harvey R. Miller Outstanding Achievement Award for her service to the restructuring industry. Donahue is the first woman to receive the award in its 20-year history.
Houlihan Lokey is serving as financial advisor and investment banker and AlixPartners is serving as restructuring advisor to UTEX Industries, which entered into a restructuring support agreement with the majority of its lenders and will commence reorganization under Chapter 11.
Six AlixPartners consultants based across the U.S. and UK markets have been recognized by the Turnaround Management Association for its “Turnaround and Transaction of the Year” awards.
Imperial Capital is acting as financial advisor and Porter Hedges is acting as legal counsel to SAExploration, which entered into a restructuring support agreement and filed petitions for relief under Chapter 11 of the U.S. Bankruptcy Code.
The U.S. Bankruptcy Court for the Southern District of New York confirmed Jason Industries’ plan of reorganization, clearing the way for the company to complete its restructuring. Upon its exit from Chapter 11, Jason will enter into a $30 million ABL credit facility with Wells Fargo.
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 is acting as restructuring advisor to FTS International, which entered into a restructuring support agreement with a majority of its secured debt holders and will commence voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the coming weeks.
A U.S. bankruptcy judge in Nevada recently confirmed Alpha Guardian’s Chapter 11 bankruptcy plan, with Nicholas Rubin, co-founder of Force 10 Partners, serving as chief restructuring officer.