AlixPartners Archives

GNC Pursues Dual-Path Restructuring Process

GNC Holding and certain of its secured lenders and key stakeholders reached an agreement to pursue a dual-path process that will allow the company to restructure its balance sheet and accelerate its business strategy through Chapter 11 of the U.S. Bankruptcy Code.

Skillsoft Files Chapter 11, Receives Commitment for $60MM DIP Facility

AlixPartners is serving as financial advisor to Skillsoft, which entered into a restructuring support agreement with a majority of its first and second lien lenders and filed prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware.

June 15, 2020 AlixPartners | Houlihan Lokey Capital | John Frederick | Skillsoft | Weil Gotshal & Manges Phil Neuffer

AlixPartners Advises Jason Industries on Restructuring Plan

AlixPartners is acting as restructuring advisor to Jason Industries, which entered into a restructuring support agreement with certain of its senior secured lenders. Jason Industries also will pursue protection under Chapter 11 of the U.S. Bankruptcy Code.

BRF Finance to Provide $25MM in DIP Financing to Tuesday Morning

BRF Finance, an affiliate of B. Riley Financial, committed to provide Tuesday Morning with $25 million of debtor-in-possession financing as required by the company’s current $100 million DIP agreement with its existing lender group.

Bankruptcy Court Authorizes JCPenney Access to DIP Financing

The U.S. Bankruptcy Court for the Southern District of Texas authorized JCPenney to access its debtor-in-possession financing, which includes $450 million of new money from its existing first lien lenders.

June 5, 2020 AlixPartners | JCPenney | Jill Soltau | Kirkland & Ellis | Lazard Phil Neuffer

Coty Names Turnaround Veteran von Bretten Chief Transformation Officer

Coty appointed Gordon von Bretten chief transformation officer to assist the company’s leadership in accelerating and amplifying the company’s transformational journey. von Bretten previously has served in leadership roles with AlixPartners, A.T. Kearney and KKR Capstone.

May 29, 2020 A.T. Kearney | AlixPartners | Coty | Gordon von Bretten | KKR Capstone Phil Neuffer

Wilde Joins AlixPartners as Managing Director in Middle East Region

Matthew Wilde joined AlixPartners as a managing director. Wilde will serve clients across the Middle East region and be based in AlixPartners’ Dubai office. Wilde previously worked for PwC.

May 28, 2020 AlixPartners | Matthew Wilde | Simon Freakley Phil Neuffer

AlixPartners, Miller Buckfire Advise Tuesday Morning in Chapter 11 Process

AlixPartners is serving as restructuring advisor and Miller Buckfire is serving as financial advisor to Tuesday Morning, which filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code.

May 27, 2020 AlixPartners | Haynes and Boone | Miller Buckfire | Steve Becker | Tuesday Morning Phil Neuffer

AlixPartners, PJT Advise Akorn During Chapter 11 Process

AlixPartners is serving as restructuring advisor, PJT Partners is serving as financial advisor and Kirkland & Ellis is serving as legal advisor to Akorn, which filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code.

May 22, 2020 Akorn | AlixPartners | Doug Boothe | Kirkland & Ellis | PJT Partners Phil Neuffer

BofA, Pathlight Allow DIP Overdraw as Pier 1 Pursues Wind‑Down of Business Ops

Pier 1 Imports is seeking bankruptcy court approval for a wind-down of its retail operations. The company’s DIP lenders, including Bank of America and Pathlight Capital, agreed to allow Pier 1 to overdraw the DIP facility by approximately $40 million to support continued operations.

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