APC Automotive Technologies filed voluntary petitions for reorganization pursuant to Chapter 11 of the United States Bankruptcy Code. The company also negotiated agreements with certain of its existing term loan lenders for $50 million in debtor-in-possession financing.
Just because a company files for bankruptcy doesn’t mean they can’t be a source of new business. Scott Greer, Matthew Warren and Jacob Jumbeck of King & Spalding explain what lenders should focus on when determining how to proceed with such debtors, using McDermott International’s recent Chapter 11 filing as an example.
King & Spalding named 21 new partners across seven offices: Atlanta, Houston, London, Los Angeles, New York, San Francisco and Washington, D.C.
Bernhardt Nadell joined law firm King & Spalding as a partner in the Corporate, Finance and Investments practice group in the New York office.
King & Spalding has added transportation finance lawyer Jason P. Huff to the firm’s Charlotte office as a partner with the finance practice.
Ye Cecilia Hong has joined King & Spalding’s financial institutions and finance practices as a partner in the New York office. She formerly was a corporate finance partner at Kirkland & Ellis.
King & Spalding added Michael L. Urschel as counsel in its financial institutions practice. Prior to King & Spalding, Urschel practiced law with Paul, Weiss, Rifkind, Wharton & Garrison.
Aquilex Holdings announced it entered into an agreement to acquire Inland Industrial Services Group. GE Capital provided a facility to finance the acquisition.
King & Spalding recruited finance and banking lawyers Chris D. Molen and J. Craig Lee as partners in its financial institutions practice in Atlanta. They join King & Spalding from Paul Hastings.