ORG GC Midco, the indirect owner of GC Services, commenced a fully consensual prepackaged case under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. GC Services is not included in the proceedings and its operations will not be impacted.
AlixPartners is serving as restructuring advisor to NPC International in the company’s recently approved Chapter 11 plan.
Opportune is serving as restructuring advisor and Evercore Group is serving as investment banker to Unit Corporation, which filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code.
SIG Combibloc secured a $1.1 billion loan from a syndicate of banks led by Barclays Bank serving as administrative agent on the transaction.
Ronit Berkovich, partner at Weil, Gotshal & Manges, was named an Outstanding Young Restructuring Lawyer by Turnarounds & Workouts for 2015.
International law firm Weil, Gotshal & Manges advised leading fleet management and vehicle outsourcing provider, Zenith, on the refinancing of its senior credit facilities and associated securitization financing.
The New York Times reported that the tribe that owns the Foxwoods Resort Casino said it was seeking to restructure its debt due to slumping revenue, although legal hurdles may complicate reorganization.
Weil, Gotshal & Manges said it is advising Thomas H. Lee Partners, as 23% shareholder, in the $2 billion stock and cash sale of Sterling Financial to Umpqua Holdings.