Alvarez & Marsal is serving as restructuring advisor to Chesapeake Energy, which voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas.
Extraction Oil & Gas voluntarily filed for petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. In connection with the filing, Wells Fargo Bank underwrote a $125 million debtor-in-possession financing facility.
Libbey received court approval of the first day motions of its voluntary Chapter 11 petitions, including approval of an initial $30 million of proposed DIP financing for which Cortland Capital Market Services is serving as administrative agent and collateral agent, according to an 8K.
Alvarez & Marsal is serving as restructuring advisor to Libbey, which filed voluntary petitions under Chapter 11 of the Bankruptcy Code. In addition Libbey’s existing lenders agreed to provide up to $160 million in DIP financing.
Alvarez & Marsal added Craig Jones as senior director to its energy practice in Houston. Jones has held numerous leadership roles across the oil and gas value chain, including in oilfield services, upstream, midstream and downstream sectors.
Centric Brands entered into a restructuring support agreement, led by certain funds managed by Blackstone, Ares Management, and HPS Investment Partners, to recapitalize the company and provide $435 million in debtor-in-possession financing.
Alvarez & Marsal is serving as restructuring advisor, Kirkland & Ellis is serving as legal counsel and PJT Partners is serving as financial advisor to Intelsat, which filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division.
Dean Foods completed the previously announced sale of its facility in Miami to Mana Saves McArthur for $16.5 million. As a result, Dean Foods has completed all of its previously announced sales.
Dean Foods completed the previously announced sale of the company’s Uncle Matt’s business to Harmoni. The company also completed the sale of multiple facilities and the Meadow Gold Hawaii brand name to MGD Acquisition.
Alvarez & Marsal is serving as restructuring advisor and Lazard Frères & Co is serving as financial advisor to Diamond Offshore Drilling, which filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.