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.
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.
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.
JCPenney entered into a restructuring support agreement with lenders holding approximately 70% of its first lien debt to reduce the company’s outstanding indebtedness and strengthen its financial position.
Peter D. Fitzsimmons rejoined AlixPartners as a managing director. Fitzsimmons worked for AlixPartners for 18 years starting in 1995 and was most recently a senior partner with Tower Three Partners.
Anchorage Capital Group, GSO Capital Partners and Davidson Kempner Capital Management committed to provide a $400 million debtor-in-possession financing facility and exit financing to J. Crew, which filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code.
AlixPartners will serve as restructuring advisor to LSC Communications, which voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.
AlixPartners provided a managing director to serve as chief restructuring officer and served as restructuring and operations advisor to Constellis, which completed a debt de-levering and recapitalization transaction with consent from 100% of its term loan and revolving lenders.
Mo Habbas joined AlixPartners as a managing director. Habbas will add experience in the private equity market to the firm’s EMEA performance improvement practice and will be based in AlixPartners’ London office.
Rob DeNardo joined AlixPartners as a managing director in the firm’s worldwide consumer products practice. DeNardo previously worked for Strategy& as a partner and leader for supply chain consulting and digital supply chain consulting.