Kirkland & Ellis Archives - Page 10 of 16

BofA Provides Debt Financing to Support Nesco Acquisition of CTOS

Nesco entered into a definitive agreement to acquire Custom Truck One Source for a purchase price of $1.475 billion. Bank of America is leading debt financing in support of the transaction.

Twin Brook Leads Debt Financing for DuvaSawko’s Merger with abeo

Twin Brook Capital Partners provided debt financing to support DuvaSawko’s merger with abeo Management Corporation.

Ascena Enters APA with Sycamore Partners to Sell Ann Taylor, Loft and Others

Ascena Retail Group entered into an asset purchase agreement with Sycamore Partner’s affiliate, Premium Apparel, to sell Ann Taylor, LOFT, Lane Bryant and Lou & Grey brands for $540 million on a cash-free and debt-free basis.

AlixPartners Serves as Restructuring Advisor to Oasis Petroleum in Chapter 11 Emergence

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.

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.

AlixPartners Serves as Restructuring Advisor in Tailored Brands’ Plan of Reorganization

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.

November 16, 2020 AlixPartners | Dinesh Lathi | Kirkland & Ellis | PJT Partners | Tailored Brands Ellie Delany

Investec Agents $200MM Debt Financing for Cypress Creek

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.

JPMorgan and Others Provide Debt Financing for Service Logic Acquisition

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.

Brookfield, Simon and First Lien Lenders Provide Asset Purchase Agreement to JCPenney

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 Advises Oasis Petroleum on Chapter 11, Restructuring Process

AlixPartners is acting as restructuring advisor to Oasis Petroleum, which filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.

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