King & Spalding recruited restructuring lawyer Patrick Schumann as a partner in the firm’s corporate, finance and investments (CFI) practice group in London. Schumann advises clients on complex cross-border restructurings, formal insolvencies and distressed debt situations.
Terry Novetsky joined Kramer Levin’s securitization and structured finance practice as a partner. Novetsky represents financial institutions, private equity funds and specialty lenders in asset securitization, secured lending and global trade finance transactions.
DCL Corporation, a manufacturer and reseller of color pigments, filed for bankruptcy in the United States and Canada. In support of the restructuring process, Wells Fargo, DCL’s existing lender, agreed to provide up to $55 million in debtor-in-possession financing.
Oxford Industries completed the acquisition of Johnny Was, a California-based affordable luxury, modern bohemian lifestyle apparel brand, for $270 million. The company is also increasing its guidance for the third quarter and full year of fiscal 2022.
Westrock Coffee Company closed its business combination transaction with Riverview Acquisition Corp. In addition, the company entered into a new credit agreement that includes a $175 million senior secured first lien term loan facility and a $175 million senior secured first lien revolving credit facility.
King & Spalding added Marisa Sotomayor to the firm as a partner in its corporate, finance and investments (CFI) practice group. Sotomayor joined the firm from Paul Hastings.
SSG Capital Advisors acted as the investment banker to Panhandle Oilfield Services, a portfolio company of Argosy Private Equity, in the placement of a $12 million asset-based credit facility.
Pareteum filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.
Sheel Patel joined King & Spalding as a partner in the firm’s corporate, finance and investments practice group in its New York office. Patel has more than a decade of experience working on complex commercial financing transactions across diverse industries.
King & Spalding added David Ridenour, a structured finance and securitization partner, to its corporate, finance and investments practice group in Washington, D.C.