ABI Commission Chapter 11 Report — Secured Lender Implications

The ABI Commission’s report on Chapter 11 reform is starting a controversial conversation. Attorneys Damian S. Schaible and Kevin J. Coco discuss specific proposals that will affect secured creditors in large Chapter 11 cases if enacted into law.

J.P. Morgan, HSBC Extend Henry Schein Facilities

Henry Schein announced the extension of several existing credit facilities, totaling $1,775 million. J.P. Morgan Securities and HSBC Bank acted as lead arrangers and co-bookrunners.

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.