Equilibrium to Provide $30MM in DIP Financing to AppHarvest

AppHarvest filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. The company also obtained a commitment from Equilibrium for $30 million in debtor-in-possession financing.

July 24, 2023 AppHarvest | Equilibrium | Jackson Walker | Jefferies | Portage Point Partners | Sidley Austin | Tony Martin Ian Koplin

QualTek Services Emerges from Chapter 11

QualTek Services, an infrastructure services provider, emerged from Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas following the confirmation of its plan of reorganization on June 30.

July 17, 2023 Accordion Partners | Alvarez & Marsal | C Street Advisory Group | Davis Polk & Wardwell | Fortress Investment Group | Houlihan Lokey Capital | Jackson Walker | Kirkland & Ellis | Paul Weiss Rifkind Wharton & Garrison | QualTek Services | Scott Hisey | Solomon Partners Ian Koplin

QualTek’s Plan of Reorganization Confirmed by Bankruptcy Court

QualTek Services, an infrastructure services provider, announced that its plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas.

July 5, 2023 Alvarez & Marsal | C Street Advisory Group | Jackson Walker | Jefferies | Kirkland & Ellis | QualTek | Scott Hisey Ian Koplin

QualTek Files Chapter 11, Enters RSA to Reduce Debt by $307MM

QualTek Services, an infrastructure services provider, announced a restructuring transaction that will reduce the company’s debt by approximately $307 million and provides $40 million of additional liquidity.

May 25, 2023 Alvarez & Marsal | C Street Advisory Group | Jackson Walker | Jefferies | Kirkland & Ellis | QualTek Services | Scott Hisey Ian Koplin

Sorrento Therapeutics Receives Approval for $75MM DIP Financing from JMB Capital Partners

The U.S. Bankruptcy Court for the Southern District of Texas granted final approval of Sorrento Therapeutics’ $75 million debtor-in-possession financing from JMB Capital Partners in connection with Sorrento’s Chapter 11 bankruptcy filing in February.

March 31, 2023 Henry Ji | Jackson Walker | JMB Capital Partners | Latham & Watkins | M3 Partners | Moelis & Company | Sorrento Therapeutics Markiesha Thompson

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.

January 10, 2023 Altera Infrastructure | Evercore | FTI Consulting | Ingvild Sæther | Jackson Walker | Kirkland & Ellis | Stretto Ian Koplin

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.

August 15, 2022 Altera Infrastructure | Evercore Group | FTI Consulting | Ingvild Sæther | Jackson Walker | Kirkland & Ellis | Stretto Ian Koplin

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.

March 10, 2021 BMO Capital Markets | Fasken Martineau DuMoulin | FTI Consulting Canada | Jackson Walker | Just Energy Group | Kirkland & Ellis | Osler Hoskin & Harcourt Phil Neuffer

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.

November 17, 2020 Alvarez & Marsal | David M. Wood | Gulfport Energy | Jackson Walker | Kirkland & Ellis | Perella Weinberg Partners | Tudor Pickering Holt & Co. Ellie Delany

New Mountain Capital Acquires Dental Services Company Benevis

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

November 12, 2020 Benevis | Brendan Murphy | Jackson Walker | Lincoln International | LT Smile Corporation | New Mountain Capital | Nick Konstantinou | Phillip Knotts | Riveron | Scott Mell Ellie Delany