J.P. Morgan, Wells Fargo and Bank of America provided a $110 million asset-backed lending facility to Tuesday Morning in the company’s emergence from its Chapter 11 filing.
Jefferies and Opportune are acting as financial advisors to Rosehill Resources, which commenced voluntary Chapter 11 cases under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas.
Haynes and Boone has selected Taylor H. Wilson, partner and co-chair of the firm’s Investment Management Practice Group, to succeed Tim Powers as the firm’s managing partner effective Jan. 1, 2021.
A Haynes and Boone team represented Capitol Peak Partners in its winning joint bid with KKR to acquire Borden Dairy as a part of the milk producer’s 363 sales process to sell its assets out of bankruptcy.
BRF Finance, an affiliate of B. Riley Financial, committed to provide Tuesday Morning with $25 million of debtor-in-possession financing as required by the company’s current $100 million DIP agreement with its existing lender group.
AlixPartners is serving as restructuring advisor and Miller Buckfire is serving as financial advisor to Tuesday Morning, which filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code.
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.
According to a survey from Haynes and Boone, a majority of oil and gas producers, oilfield services companies, financial institutions, private equity firms and other industry participants expect borrowing bases to decrease by at least 20% in response to the recent freefall in commodity prices.
Prominent finance lawyers Jim Markus and Tim Johnston have joined the Dallas office of Haynes and Boone as partners in the Finance Practice Group.
Blucora has entered into an agreement to acquire privately-held HK Financial Services (HKFS), a CPA-focused, registered investment advisor.