AlixPartners Archives

AlixPartners Serves as Restructuring Advisor to NPC in Chapter 11

AlixPartners is serving as restructuring advisor to NPC International in the company’s recently approved Chapter 11 plan.

AlixPartners’ Castellano Named Fellow of American College of Bankruptcy

John Castellano, managing director in the turnaround and restructuring services practice of AlixPartners, was named a fellow of the American College of Bankruptcy.

AlixPartners Adds Lafrenz as Managing Director on Turnaround and Restructuring Team

AlixPartners hired Dr. Karsten Lafrenz as a managing director on the turnaround and restructuring team, serving clients in Germany, Austria and Switzerland. Lafrenz has more than 20 years of experience, most recently serving at McKinsey & Co as a partner.

January 12, 2021 AlixPartners | Dr. Karsten Lafrenz | McKinsey & Co. | Roland Berger Strategy Consultants | Simon Freakley Phil Neuffer

AlixPartners Promotes 12 to Managing Director Roles

AlixPartners promoted 12 individuals to the role of managing director, including seven members of the firm’s turnaround and restructuring services division.

JPMorgan, Wells and BoA Provide $110MM ABL for Tuesday Morning in Chapter 11 Emergence

J.P. Morgan, Wells Fargo and Bank of America provided a $110 million asset-backed lending facility to Tuesday Morning in the company’s emergence from its Chapter 11 filing.

PNC Delivers $135MM ABL to Covia in Chapter 11 Emergence

PNC delivered a $135 million asset-based loan to Covia in the company’s recent Chapter 11 emergence. As of emergence, Golden Gate Capital invested in Covia and is now the largest individual shareholder.

Wells and Pathlight Provide $1.5B Combined Facility for JCPenney in Chapter 11 Exit

Wells Fargo provided an ABL facility and Pathlight Capital provided a FILO facility for a total of $1.5 billion in financing for JCPenney after the company sold its retail and operating assets to Simon Property Group and Brookfield Asset Management to exit Chapter 11.

AlixPartners Serves as Restructuring Advisor in UTEX’s Chapter 11 Emergence

AlixPartners served as restructuring advisor to UTEX Industries in its emergence from Chapter 11. The financial restructuring reduced UTEX’s funded debt by approximately $700 million and provided $42.5 million in new financing.

AlixPartners’ Donahue First Woman to be Honored with Harvey R. Miller Award

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.

AlixPartners Serves as Restructuring Advisor to Oasis Petroleum in Chapter 11 Emergence

AlixPartners is acting as restructuring advisor to Oasis Petroleum, which recently completed its financial restructuring and emerged from Chapter 11, successfully restructuring its balance sheet and reducing its prepetition debt by $1.8 billion.

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