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.
AlixPartners, Latham & Watkins, Hunton Andrews Kurth, Intrepid Partners and Rothschild & Co are representing Lonestar Resources, which entered into a restructuring support agreement with its largest stakeholders that will eliminate approximately $390 million in debt obligations.
J.Jill obtained the necessary consents from its term loan lenders to implement the previously announced financial restructuring transaction on an out of court basis.
J.Jill entered into a transaction support agreement with lenders holding more than 70% of the company’s term loans on the principal terms of a financial restructuring that would result in a waiver of any past non-compliance with the terms of the company’s credit facilities.
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.
Noble Corporation entered into a restructuring support agreement with two ad hoc groups of the largest holders of the company’s outstanding bond debt. In addition, JPMorgan Chase will serve as administrative agent on a $675 million secured revolving credit facility for Noble Corporation.
AlixPartners is serving as restructuring advisor and PJT Partners is serving as financial advisor for Tailored Brands, which entered into a restructuring support agreement with more than 75% of its senior lenders and filed voluntary Chapter 11 petitions.
AlixPartners is serving as restructuring advisor to Bruin E&P Partners, which received the support of a majority of its debt creditors for a restructuring transaction that will eliminate more than $840 million of funded debt.
Brian Kalms joined AlixPartners as a managing director. Kalms, who will be based in London, has more than 30 years of experience in management consulting and technology strategy. He has held senior leadership roles at Accenture Elixirr.
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.