Annaly Sells Commercial Real Estate Business to Slate for $2.33B

Annaly Capital Management entered into a definitive agreement to sell its commercial real estate business to Slate Asset Management, a global investment and asset management firm focused on real estate. The transaction is valued at $2.33.

March 26, 2021 Annaly Capital Management | BMO Capital Markets | David Finkelstein | Evercore | Goodwin Procter | McCarthy Tetrault | Michael Quinn | Ropes & Gray | Slate Asset Management | Timothy Gallagher Ian Koplin

Apollo and Athene Agree to Sell AmeriHome to Western Alliance

Houlihan Lokey Capital and Wells Fargo Securities are serving as financial advisors to AmeriHome in the company’s sale to Western Alliance Bank.

February 17, 2021 AmeriHome | Apollo Global Management | Athene | Evercore | Guggenheim Securities | Houlihan Lokey Capital | Sidley Austin | Troutman Pepper Hamilton Sanders | Wells Fargo Securities | Western Alliance Bank Phil Neuffer

Sycamore, KKR and Blackstone Provide $225MM for Belk

Sycamore Partners, KKR, Blackstone Credit and other first lien term lenders delivered $225 million in new capital for Belk in the company’s restructuring support agreement.

January 28, 2021 Alvarez & Marsal | Belk | Blackstone Credit | Evercore | Kirkland & Ellis | KKR | Latham & Watkins | Lazard | O’Melveny & Myers | PJT | Sycamore Partners | Willkie Farr & Gallagher Phil Neuffer

Morgan Stanley Leads Debt Financing to Support E.W. Scripps’ Buy of ION Media

Morgan Stanley Senior Funding led debt financing to support the close of E.W. Scripps Company’s acquisition of ION Media Networks. In addition, BofA Securities, Truist Securities, J.P. Morgan and Wells Fargo acted as joint book runners on the debt financing.

January 8, 2021 Akin Gump Strauss Hauer & Feld | BakerHostetler | Berkshire Hathaway | Black Diamond | BofA Securities | Brooks Pierce | Christopher W. Parker | Cooley | debt financing | Dickinson Wright | E.W. Scripps Company | Ernst & Young Capital Advisors | Evercore | ION Media Networks | J.P. Morgan and Wells Fargo | Kirkland & Ellis | Lisa Knutson | Methuselah Advisors | Morgan Stanley | Morgan Stanley Senior Funding | Skadden Arps Slate Meagher & Flom | Thacher & Bartlett | Truist Securities Phil Neuffer

Atlantic Park and Citibank Provide Combined $400MM in Loans for TEAM

Atlantic Park Capital Fund provided a $250 million senior secured term loan and Citibank provided a $150 million asset-based loan to TEAM, a provider of integrated, digitally-enabled performance solutions, to refinance the company’s existing debt facilities.

December 21, 2020 Amerino Gatti | Atlantic Park Capital Fund | Citibank | Evercore | Team Phil Neuffer

A&M Serves as Restructuring Advisor to Superior Energy Services in Chapter 11

Alvarez & Marsal served as restructuring advisor to Superior Energy Services in the company’s financial restructuring and commencement of its Chapter 11 case. Superior serves drilling, completion and production-related needs of oil and gas companies.

December 7, 2020 Alvarez & Marsal | David Dunlap | Davis Polk & Wardwell | Duveras Partners | Evercore | FTI Consulting | Hunton Andrews Kurth | Johnson Rice & Compamy | Latham & Watkins | Porter Hedges | Simpson Thacher & Bartlett | Superior Energy Ellie Delany

AlixPartners Serves as Restructuring Advisor to Oasis Petroleum in Chapter 11 Emergence

AlixPartners is acting as restructuring advisor to Oasis Petroleum, which recently completed its financial restructuring and emerged from Chapter 11, successfully restructuring its balance sheet and reducing its prepetition debt by $1.8 billion.

November 24, 2020 AlixPartners | Douglas E. Brooks | Evercore | Holt & Co. | Kirkland & Ellis | Oasis Petroleum | Paul Weiss Rifkind Wharton & Garrison | Perella Weinberg Partners | Pickering | Porter Hedges | Tudor Ellie Delany

PNC Agrees to Acquire BBVA USA for $11.6B

The PNC Financial Services Group and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, signed a definitive agreement for PNC to acquire BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion.

November 16, 2020 Banco Bilbao Vizcaya Argentaria | Bank of America | BBVA USA | BBVA USA Bancshares | Carlos Torres Vila | Citi | Evercore | J.P. Morgan Securities | PNC Financial Institutions Advisory | PNC Financial Services Group | Sullivan & Cromwell | Wachtell Lipton Rosen & Katz | William S. Demchak Ellie Delany

AlixPartners Advises Oasis Petroleum on Chapter 11, Restructuring Process

AlixPartners is acting as restructuring advisor to Oasis Petroleum, which filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.

September 30, 2020 AlixPartners | Evercore | Kirkland & Ellis | Oasis Petroleum | Paul Weiss Rikind Wharton & Garrison | Perella Weinberg Partners | Porter Hedges | Thomas B. Nusz | Tudor Pickering Holt & Co. Phil Neuffer

Bankruptcy Court Approves EP Energy’s Amended Restructuring Plan

The United States Bankruptcy Court for the Southern District of Texas confirmed EP Energy’s amended plan of reorganization. FTI Consulting is serving as restructuring advisor and Evercore is serving as financial advisor to EP Energy.

August 31, 2020 EP Energy | Evercore | FTI Consulting | Russell Parker | Weil Gotshal & Manges Phil Neuffer