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.
Haynes and Boone has promoted 14 lawyers from the firm’s Dallas, Houston, New York, Orange County, Richardson and Washington, D.C. offices to partner.
Haynes and Boone promoted 11 lawyers to the firm’s partnership: Raghav Bajaj, Dan Malone, Michelle Jacobs, Michael D. Karson, Maral Kilejian, Austin Elam, Kelli Norfleet, Sameer Saxena, Katy Shurin, Daniel Lisk and Scott Jarratt.
The Haynes and Boone bankruptcy practice named Eli Columbus, Matt Ferris and Frasher Murphy partners. Each attorney has an established practice in Dallas and throughout the country.