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.
FTI Consulting is serving as financial advisor and PJT Partners is serving as investment banker to LATAM Airlines, which initiated a voluntary reorganization and restructuring of the company’s debt under Chapter 11 protection in the United States.
FTI Consulting entered into a definitive agreement to acquire certain assets of Delta Partners, a telecom, media and technology-focused strategy consulting and investment banking firm.
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.
Bank of America will provide debtor-in-possession financing to fund the restructuring process of Techniplas, which filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware.
FTI Consulting appointed Ben Shrimpton and Mark Pulvirenti senior managing directors in Sydney, Australia. Shrimpton joined the corporate finance and restructuring segment and Pulvirenti joined the forensic and litigation consulting segment.
Alvarez & Marsal North America served as restructuring advisor, Evercore served as financial advisor and Kirkland Ellis served as legal counsel to Tapstone Energy in connection with the conclusion of a comprehensive financial restructuring.
Goldman Sachs Bank, Deutsche Bank, Barclays Bank, Morgan Stanley Senior Funding and Credit Suisse provided a $460 million debtor-in-possession facility to Frontier Communications, according to an 8K filed with the SEC.
FTI Consulting will serve as financial advisor to Pace Industries, which reached an agreement with its lenders on the terms of a financial restructuring plan and initiated a voluntary prepackaged Chapter 11 process in the U.S. Bankruptcy Court for the District of Delaware.
A majority of respondents to a survey from FTI Consulting said they are more attuned to how companies are behaving during the global COVID-19 pandemic.