AlixPartners is acting as restructuring advisor to Oasis Petroleum, which recently completed its financial restructuring and emerged from Chapter 11, successfully restructuring its balance sheet and reducing its prepetition debt by $1.8 billion.
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.
AlixPartners is serving as restructuring advisor to menswear retailer Tailored Brands in the company’s plan of reorganization under its Chapter 11 filing. Tailored Brands expects to emerge from Chapter 11 protection by the end of November.
Investec Power and Infrastructure Finance acted as sole bookrunner, coordinating lead arranger and administrative agent on a seven-year, $200 million debt financing facility for a holding company of Cypress Creek Renewables.
Service Logic was acquired by Leonard Green & Partners from private equity firm Warburg Pincus. Debt financing for the transaction was provided by JPMorgan Chase Bank, Morgan Stanley, Antares Capital and Crescent Capital.
JCPenney entered into an asset purchase agreement with Brookfield Asset Management, Simon Property Group and a majority of the company’s DIP and first lien lenders.
AlixPartners is acting as restructuring advisor to Oasis Petroleum, which filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.
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.
Neiman Marcus emerged from voluntary Chapter 11 protection. The company’s new owners, including PIMCO, Davidson Kempner Capital Management and Sixth Street, are funding a $750 million exit financing package.