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 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.
AlixPartners is serving as restructuring advisor to menswear retailer Tailored Brands in the company’s plan of reorganization under its Chapter 11 filing. Tailored Brands expects to emerge from Chapter 11 protection by the end of November.
Greenhill & Co is acting as financial advisor and AlixPartners is serving as restructuring advisor to NPC in a stalking horse asset purchase agreement with Flynn Restaurant Group.
Elizabeth Stephenson joined consulting firm AlixPartners as a managing director based in Los Angeles. Stephenson most recently served at The Wonderful Company for five years, where she was president of two portfolio companies.
Pacific Drilling and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11. Greenhill & Co. is acting as financial advisor, Latham & Watkins and Jones Walker are acting as legal counsel and AlixPartners is acting as restructuring advisor.
JCPenney entered into an asset purchase agreement with Brookfield Asset Management, Simon Property Group and a majority of the company’s DIP and first lien lenders.
Garrett Motion obtained approval of stalking horse bidding protections for affiliates of KPS Capital Partners, including a $63 million termination fee and expense reimbursement that is subject to a limit of $21 million.
AlixPartners is serving as restructuring advisor to Mallinckrodt, which initiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to modify its capital structure, including restructuring portions of its debt.
Houlihan Lokey is serving as financial advisor and investment banker and AlixPartners is serving as restructuring advisor to UTEX Industries, which entered into a restructuring support agreement with the majority of its lenders and will commence reorganization under Chapter 11.