Ankura, Barclays, Macquarie Support Bristow Group Exit from Chapter 11

Bristow Group has emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process and implementing the Chapter 11 reorganization plan confirmed by the U.S. Bankruptcy Court for the Southern District of Texas.

Ankura Trust Agents $150MM DIP for Bristow Group

Bristow Group filed a Chapter 11 plan of reorganization and a related disclosure statement with the U.S. Bankruptcy Court for the Southern District of Texas. Ankura Trust is serving as DIP administrative agent for a $150 term loan.

Cloud Peak Files for Chapter 11, Ankura to Agent DIP Financing

Coal company Cloud Peak Energy filed voluntary petitions under Chapter 11. Ankura Trust will serve as both administrative and collateral agent on DIP facilities to support the company through the bankruptcy process.

Macquarie to Acquire Waypoint Leasing Assets for $650MM

Macquarie Group agreed to purchase troubled lessor Waypoint Leasing for approximately $650 million. Ankura Trust is acting as administrative agent on a $45 million DIP facility to support the transaction.

BofA, Ankura Support Remington Exit from Chapter 11

Remington Outdoor Company emerged from Chapter 11 after successfully implementing its plan of reorganization. The company is exiting with a new $193 million ABL loan, a new $55 million FILO term loan and a new $100 million term loan. 

Remington Delays Bankruptcy, Ankura Trust Becomes Agent for Lenders

Bloomberg reported that Remington plans to postpone its bankruptcy filing by a week to March 14, as Bank of America terminated its role as administrative agent for the company’s term loan lenders.

Price Joins Ankura Trust as Managing Director

Ankura Trust, a newly formed New Hampshire-chartered non-depository trust company specializing in loan agency services in distressed and defaulted situations, appointed Lisa J. Price managing director.

Sawyer to Lead New Ankura Trust Company

Ankura launched Ankura Trust, a newly formed New Hampshire-chartered non-depository trust company that will specialize in providing successor indenture trustee and loan agency services in distressed and default situations. David Sawyer will lead the new venture as CEO.