FTI Consulting appointed Rupesh Shah and Aaron Terry managing directors within the corporate finance and restructuring segment, adding further restructuring, business transformation and transactions expertise to the firm’s energy, power and products practice.
FTI Consulting appointed Kevin Barrentine a senior managing director. Previously, Barrentine was a senior managing director at Conway MacKenzie and a managing director in the restructuring practice at Deloitte.
Alvarez & Marsal is serving as restructuring advisor to Chesapeake Energy, which voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas.
GNC Holding and certain of its secured lenders and key stakeholders reached an agreement to pursue a dual-path process that will allow the company to restructure its balance sheet and accelerate its business strategy through Chapter 11 of the U.S. Bankruptcy Code.
The U.S. Bankruptcy Court for the District of Delaware approved the first day motions related to 24 Hour Fitness’ voluntary Chapter 11 filing, including access to $250 million in debtor-in-possession financing.
The May jobs report from the Bureau of Labor Statistics was surprisingly strong judging from the headline numbers. As Michael Eisenband of FTI Consulting explains, a more thorough reading of the report shows that the unemployment rate was not entirely accurate. He points out the discrepancies and explains how this “economic happy talk” could lead to painful results in the long-term.
FTI Consulting is acting as restructuring advisor for 24 Hour Fitness, which filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. 24 Hour Fitness expects to secure $250 million in debtor-in-possession financing.
FTI Consulting appointed Matt Callaghan a senior managing director in the firm’s corporate finance and restructuring segment in London, where he will lead the UK mid-market and insolvency offering.
APC Automotive Technologies filed voluntary petitions for reorganization pursuant to Chapter 11 of the United States Bankruptcy Code. The company also negotiated agreements with certain of its existing term loan lenders for $50 million in debtor-in-possession financing.
FTI Consulting appointed William Brydges managing director in the technology transformation offering within the firm’s corporate finance and restructuring segment. Brydges previously served as chief information officer and chief technology officer for a defense contractor.