Jackson Walker Archives

Altera Infrastructure Emerges from Chapter 11

Altera Infrastructure, a supplier of infrastructure assets to the offshore energy industry, emerged from the Chapter 11 process in the United States Bankruptcy Court for the Southern District of Texas after successfully consummating its chapter 11 plan of reorganization.

Altera Infrastructure Executes RSA with Secured Lenders, Enters Chapter 11

Altera Infrastructure and certain of its subsidiaries executed a restructuring support agreement (RSA) with approximately 71% of Altera’s funded debt obligations, which includes Brookfield and a super-majority of its bank lenders.

Just Energy Secures $125MM DIP Financing as Part of Bankruptcy Filings

Just Energy Group received creditor protection from the Ontario Superior Court of Justice and is seeking similar protection under Chapter 15 of the U.S. Bankruptcy Code. Just Energy also reached an agreement for a $125 million DIP financing.

A&M Acts as Restructuring Advisor to Gulfport in Chapter 11 Filing

Gulfport Energy entered into a restructuring support agreement with more than 95% of its revolving credit facility lenders and certain noteholders. Alvarez & Marsal is serving as restructuring advisor to the company.

New Mountain Capital Acquires Dental Services Company Benevis

Private equity company New Mountain Capital acquired Georgia-based dental services company Benevis from Lincoln International.

Former Bankruptcy Attorney Joins Force 10 Partners as Firm’s Newest Partner

Monica Blacker, a former bankruptcy attorney and recognized advocate for bringing diversity and women to top corporate positions, joined restructuring consulting firm Force 10 Partners as a partner.

Portage Point Partners Advises Bouchard Transportation on Chapter 11 Filing

Bouchard Transportation filed voluntary petitions to restructure under Chapter 11. Kirkland & Ellis and Jackson Walker are acting as Bouchard’s legal counsel, while Portage Point Partners is serving as restructuring advisor and Jefferies is serving as investment banker.

Ares Provides $100MM in New Equity Capital as Hornbeck Emerges From Chapter 11

Hornbeck Offshore Services emerged from Chapter 11. As part of its plan of reorganization, Hornbeck also closed on its common stock rights offering, which resulted in a $100 million cash infusion of new equity capital led by the special opportunities funds of Ares Management.

AlixPartners Advises Bruin E&P Partners on Restructuring

AlixPartners is serving as restructuring advisor to Bruin E&P Partners, which received the support of a majority of its debt creditors for a restructuring transaction that will eliminate more than $840 million of funded debt.

Hornbeck Offshore Services Receives Lender Support for Restructuring Plan

Pursuant to a restructuring support agreement, Hornbeck Offshore Services has the support of secured lenders holding approximately 83% of the company’s aggregate secured indebtedness.

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