Alvarez & Marsal Archives

Chesapeake Energy Files Chapter 11, Secures $925MM DIP Financing Commitment

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.

Wells Fargo Delivers $125MM DIP Facility to Extraction Oil & Gas

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.

Bankruptcy Court Approves Initial $30MM DIP From Cortland Capital to Libbey

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.

Libbey Enters Chapter 11, Obtains $160MM DIP Financing Commitment

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.

June 1, 2020 Alvarez & Marsal | Latham & Watkins | Lazard | Libbey | Mike Bauer Phil Neuffer

Alvarez & Marsal Expands Energy Practice with Addition of Senior Director

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.

May 28, 2020 Alvarez & Marsal | Craig Jones | Lee Maginniss Phil Neuffer

Blackstone, Ares, HPS to Provide $435 DIP to Centric Brands

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 Advises Intelsat on Financial Restructuring

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.

May 14, 2020 Alvarez & Marsal | Intelsat | Kirkland & Ellis | PJT Partners | Stephen Spengler Phil Neuffer

Chesapeake Energy Files Chapter 11, Secures $925MM DIP Financing Commitment

Wells Fargo Delivers $125MM DIP Facility to Extraction Oil & Gas

Bankruptcy Court Approves Initial $30MM DIP From Cortland Capital to Libbey

Libbey Enters Chapter 11, Obtains $160MM DIP Financing Commitment

Alvarez & Marsal Expands Energy Practice with Addition of Senior Director

Blackstone, Ares, HPS to Provide $435 DIP to Centric Brands

Alvarez & Marsal Advises Intelsat on Financial Restructuring

Dean Foods Finishes Sale Portion of Chapter 11 Process

Dean Foods Completes Sales to Harmoni, MGD Acquisition

Alvarez & Marsal, Lazard Advise Diamond Offshore Drilling in Bankruptcy

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