Tag Archives: Alvarez & Marsal

Global Eagle Completes Asset Sale, Emerges from Chapter 11

Global Eagle Entertainment completed the sale of substantially all of its assets to a group consisting of its first lien investors. Global Eagle’s new owners include certain funds managed by affiliates of Apollo Global Management, among others.

Diamond Offshore Drilling Enters Comprehensive Restructuring Plan

Diamond Offshore Drilling entered into a plan support agreement with holders of more than 70% of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction that will deleverage the company’s balance sheet.

A&M Serves as Restructuring Advisor to Superior Energy in $1.3B Debt-to-Equity Conversion

Alvarez & Marsal is serving as restructuring advisor to Superior Energy Services in the company’s recently approved Chapter 11 plan of reorganization, in which the company’s $1.3 billion in debt would be converted into equity and the company would emerge debt free.

Hickey Joins A&M as a Managing Director in Houston

Global professional services firm Alvarez & Marsal appointed Patrick Hickey a managing director in its Houston-based energy group, which is within its corporate performance improvement practice. Hickey most recently served as a senior advisor to Post Oak Energy Capital.