FTI Consulting Archives - Page 8 of 15

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.

SFNet Virtual Convention Starting Nov. 17 to Address Future of Finance

The Secured Finance Network’s 76th Annual Convention, “This Way Forward,” will take place from Nov. 17 to 19 and will cover financial, economic and political disruptions that banks and finance companies face in the midst of a pandemic and the aftermath of the U.S. election.

Athene Provides ABS Short-Term Facility Totaling $4B for Hertz

Athene, an affiliate of Apollo Capital Management, committed to provide Hertz Global Holdings a $4 billion asset-backed securitization short-term facility.

Hertz Global Holdings Secures $1.65B Commitments in DIP Financing

Hertz secured commitments for debtor-in-possession financing totaling $1.65 billion. Moelis & Co. is serving as investment banker, while FTI Consulting is serving as Hertz’s financial advisor and White & Case is serving as legal advisor.

October 19, 2020 FTI Consulting | Hertz | Moelis & Co | Paul Stone | White & Case Ellie Delany

TNT Emerges from Chapter 11 as a Private Company with New $225MM Term Loan

TNT Crane & Rigging and certain of its affiliates emerged from Chapter 11 bankruptcy protection. The company emerged from its restructuring as a private company with a new ownership group, recapitalized with a new $225 million term loan.

24 Hour Fitness Enters Restructuring Agreement with Lenders, Will Reduce Debt by $1.2B

24 Hour Fitness entered into a restructuring support agreement with lenders holding approximately 73% of the company’s secured debt and approximately 65% of the company’s senior unsecured notes. The restructuring will reduce $1.2 billion dollars of funded debt.

October 8, 2020 24 Hour Fitness | FTI Consulting | Lazard | Tony Ueber | Weil Gotshal & Manges Ellie Delany

Simon Adds Restructuring Professionals Williams and Monheit as Senior Managing Directors

Daniel Williams and Barry Monheit joined Simon Consulting as senior managing directors. Williams previously held positions at RSM, Deloitte and Arthur Andersen, while Monheit is the co-founder and former president of the financial division of FTI Consulting.

Healthcare Restructuring Expert Arrowsmith Joins FTI Consulting

FTI Consulting added Rick Arrowsmith as senior managing director in the corporate finance and restructuring segment, specializing in turnaround and restructuring advisory, with a focus on sub-acute care, senior living, laboratory companies, medical equipment and life sciences.

September 10, 2020 FTI Consulting | Rick Arrowsmith Phil Neuffer

Chuck E. Cheese, Peter Piper Pizza to Receive $200MM in DIP Financing

CEC Entertainment, the owner/operator of Chuck E. Cheese and Peter Piper Pizza, entered into a plan support agreement with consenting creditors and received a commitment for $200 million in debtor-in-possession financing from certain of its first lien lenders.

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

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