Tag Archives: AlixPartners

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.

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.