FTI Consulting Archives - Page 2 of 15

Enghouse Systems Enters into Asset Purchase Agreement with Lifesize

Lifesize, a provider of video conferencing and omnichannel contact center solutions, entered into an asset purchase agreement (APA) with Enghouse Systems, a vertical enterprise software solutions company. To effectuate the sale, the company filed for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, Laredo Division.

Virgin Orbit Files Plan to Resolve Outstanding Claim and Interests

Virgin Orbit Holdings and its U.S. subsidiaries filed a plan, which provides for, among other things, resolution of outstanding claims and interests and a related disclosure statement in the U.S. Bankruptcy Court for the District of Delaware.

Majority of Lenders Expect a Recession in 2023 or 2024

According to a survey from FTI Consulting, 71% of lenders believe that the probability of a U.S. recession in 2023 or 2024 is material (54%) or likely (17%), with only 11% believing that real U.S. GDP growth in 2023 will exceed 2%.

April 17, 2023 Chuck Carroll | Dave Katz | FTI Consulting Ian Koplin

Virgin Orbit Commences Voluntary Chapter 11 Proceeding

Virgin Orbit Holdings and its U.S. subsidiaries, a responsive space launch provider, commenced a voluntary proceeding under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court in the District of Delaware in order to effectuate a sale of the business.

Boxed to Execute Sale of Spresso Software Business Through Chapter 11 Process

Boxed initiated voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code to execute a sale of its Spresso software business to its first lien secured lenders while continuing to streamline operations.

Starry Files Voluntary Chapter 11, Backed by RSA with Lenders

Starry Group Holdings and subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware and have entered into a restructuring support agreement with lenders holding the company’s debt.

Avaya Holdings Enters into Restructuring Support Agreement with Secured Lenders

Avaya Holdings, a provider of solutions to enhance and simplify communications and collaboration, entered into a restructuring support agreement with overwhelming support of more than 90% of the company’s secured lenders.

Enghouse Systems Enters into Asset Purchase Agreement with Lifesize

Virgin Orbit Files Plan to Resolve Outstanding Claim and Interests

Majority of Lenders Expect a Recession in 2023 or 2024

Virgin Orbit Commences Voluntary Chapter 11 Proceeding

Boxed to Execute Sale of Spresso Software Business Through Chapter 11 Process

Starry Files Voluntary Chapter 11, Backed by RSA with Lenders

Avaya Holdings Enters into Restructuring Support Agreement with Secured Lenders

FTI Consulting Appoints Staelens as Senior Managing Director, Retail & Consumer Products

FTI Consulting Appoints Baumkirchner to Lead Esoteric Asset-Backed Securitization Offering

Serta Simmons Bedding Commences Pre-Arranged Chapter 11 Proceedings

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