J.Jill obtained the necessary consents from its term loan lenders to implement the previously announced financial restructuring transaction on an out of court basis.
J.Jill entered into a transaction support agreement with lenders holding more than 70% of the company’s term loans on the principal terms of a financial restructuring that would result in a waiver of any past non-compliance with the terms of the company’s credit facilities.
FTI Consulting is acting as restructuring advisor and Centerview Partners is acting as financial advisor to Ultra Petroleum, which agreed to the terms of a comprehensive balance-sheet restructuring with key creditor constituencies and filed for reorganization under Chapter 11.
Acosta has successfully completed its financial reorganization and recapitalization and emerged from Chapter 11 less than a month after filing.
The Mashantucket Pequot Tribal Nation extended both its term A facility and forbearance agreement with senior lenders. Bank of America acted as administrative agent to the term A facility.