Fairway Market has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York to complete its strategic sale process.
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.
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.
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 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.
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.
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.
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.
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.