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.
Alvarez & Marsal is acting as restructuring advisor and Jeffrey S. Stein of Stein Advisors is acting as chief restructuring officer for Whiting Petroleum, which entered into a restructuring support agreement and filed for a consensual Chapter 11 plan of reorganization.
As part of its Chapter 11 bankruptcy process, Dean Foods entered into an asset purchase agreement with MGD Acquisition for the sale of certain facilities in Hawaii, including its Hilo facility and related distribution branches on the Big Island, Kauai and Maui.
Andrea Gonzalez, a Chicago-based managing director at Alvarez & Marsal who joined the firm’s disputes and investigations practice six and half years ago, will now serve on the firm’s unsecured creditors’ committee (UCC) advisory practice.
Alvarez & Marsal is acting as restructuring advisor and Jeffrey S. Stein of Stein Advisors is acting as chief restructuring officer for Whiting Petroleum, which commenced voluntary Chapter 11 bankruptcy proceedings.
Alvarez & Marsal served as financial advisor to Dean Foods on its sale of assets to Dairy Farms of America, Prairie Farms Dairy, Mana Saves McArthur, Producers Dairy Foods, Harmoni and Industrial Realty Group.