Alvarez & Marsal hired two new managing directors in the Nordics. Jonas Rickardsson joined as the head of financial restructuring in the region and Dan Andersson was appointed to lead the Nordic operational restructuring and CRO services.
Alvarez & Marsal hired Rick Kozole as managing director. Based in Detroit, Kozole will serve as the leader of the firm’s newly-launched North American automotive and industrials group. Kozole joined from A.T. Kearney.
Alvarez & Marsal hired James Marceau as managing director in its private equity performance improvement group, based in Boston. Marceau also joined the senior leadership team of A&M’s global aerospace, defense and aviation practice.
Alvarez & Marsal is serving as restructuring advisor, Evercore is acting as financial advisor and Kirkland & Ellis is acting as legal counsel to Denbury Resources, which entered into a restructuring support agreement with funded debtholders.
Alvarez & Marsal made a number of additions to its global transaction advisory group in Mexico, including the appointment of Rafael Aguirre as a managing director.
Global Eagle Entertainment agreed to a definitive stalking horse asset purchase agreement for total consideration of $675 million with an entity led by lenders including Apollo Global Management and certain funds and accounts under management by BlackRock.
SCM Topco, parent of Salt Creek Midstream, closed on a recapitalization with additional investments from both its existing lender groups and funds managed by Ares Management.
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.