FTI Capital Advisors Adds Salandra and Stone to Power, Renewable and Utilities Practice

FTI Consulting expanded FTI Capital Advisors, the firm’s wholly-owned investment banking subsidiary, with the appointment of Robert Salandra and Larry Stone as managing directors in the firm’s power, renewables and utilities practice within the corporate finance and restructuring segment.

October 19, 2021 Chris LeWand | FTI Consulting | Larry Stone | Robert Salandra Ian Koplin

Consulting Magazine Names Mendes and Parker of FTI to Women Leaders in Consulting List

Consulting Magazine named Stella Mendes, a senior managing director in FTI Consulting’s forensic and litigation consulting segment, and Caroline Parker, a managing director in FTI Consulting’s strategic communications segment, to its Women Leaders in Consulting 2021 list.

October 18, 2021 Caroline Parker | Consulting magazine | FTI Consulting | Holly Paul | Stella Mendes Ian Koplin

Don’t Be Caught Unaware: The Role of Forensic Accountants in Bankruptcies

Chapter 11 bankruptcy is a complicated process and having as much information as possible is necessary to ensure a smooth journey. As bankruptcy activity may pick up in the second half of 2021, companies and their lenders may need the services of a forensic accountant to objectively evaluate any potential issues within a company’s financial records.

June 17, 2021 FTI Consulting | George A. Saitta Jr. | Jay Spinella | Scott Perez Ian Koplin

Hertz Receives Bankruptcy Court Approval for Plan of Reorganization

Hertz Global Holdings received bankruptcy court approval of its plan of reorganization. The plan unimpairs all classes of creditors and was approved by more than 97% of voting shareholders. The court’s approval clears the way for Hertz to emerge from Chapter 11 by the end of June.

June 11, 2021 FTI Consulting | Hertz Global Holdings | Moelis & Co | Paul Stone | White & Case Ian Koplin

Hertz Receives Revised Reorganization Proposal for Chapter 11 Exit

Hertz Global Holdings received a revised proposal from affiliates of Knighthead Capital Management, Certares Opportunities and Apollo Capital Management to provide equity capital required to fund Hertz’s exit from Chapter 11.

May 5, 2021 Apollo Capital Management | Certares Opportunities | FTI Consulting | Hertz Global Holdings | Knighthead Capital Management | Moelis & Co | White & Case Ian Koplin

Frontier Communications Receives All Approvals for Chapter 11 Restructuring

The California Public Utilities Commission unanimously voted to approve Frontier Communications’ emergence from Chapter 11. Having already received all other required state and federal approvals, Frontier Communications expects to emerge from Chapter 11 in the coming weeks.

April 16, 2021 California Public Utilities Commission | Evercore | Frontier Communications | FTI Consulting | Kirkland & Ellis Ian Koplin

FTI Consulting: U.S. Loan Market Lenders Are Cautiously Optimistic for 2021

According to a survey from FTI Consulting, 41% of bank and non-bank lenders expect strong economic growth this year, yet 70% said that the effects of Federal Reserve policy actions and benign credit market conditions will dampen default and restructuring activity for up to one year.

April 14, 2021 2021 U.S. Loan Market Survey | Dave Katz | FTI Consulting | Sanjeev Khemlani Ian Koplin

Sundance Energy Files Chapter 11, Receives Commitment for $45MM DIP Financing

Sundance Energy filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. Sundance Energy also secured commitments from certain of its term loan lenders for at least $45 million in DIP financing.

March 10, 2021 Eric McCrady | FTI Consulting | Hunton Andrews Kurth | Latham & Watkins | Miller Buckfire | Sundance Energy Phil Neuffer

FTI Consulting Appoints Shafrin Senior Managing Director

FTI Consulting appointed Jason Shafrin, Ph.D. senior managing director in the Center for Healthcare Economics and Policy within the firm’s economic consulting segment.

March 5, 2021 FTI Consulting | Jason Shafrin | Les Moeller | Meg Guerin-Calvert Phil Neuffer

Hertz Files Plan of Reorganization, Knighthead and Certares to Serve as Plan Sponsors

Hertz filed its proposed plan of reorganization and related disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. Knighthead Capital Management and Certares Opportunities will serve as the plan sponsors.

March 3, 2021 Certares Opportunities | FTI Consulting | Hertz | Knighthead Capital Management | Moelis & Co | Paul Stone | White & Case Phil Neuffer