Kirkland & Ellis Archives - Page 12 of 16

BMO, Deutsche Bank, ING Amend AgroFresh’s Credit Facilities as Part of Refinancing

AgroFresh closed its comprehensive refinancing, including an amendment and extension of its senior secured credit facilities. BMO Capital Markets acted as sole financial advisor and left-lead bookrunner, while Deutsche Bank and ING acted as joint lead arrangers and joint bookrunners.

KPS Capital Partners Acquires Assets of Briggs & Stratton for $550MM

KPS Capital Partners will acquire substantially all of the assets of Briggs & Stratton, including equity of foreign subsidiaries, for approximately $550 million.

AlixPartners Advises Bruin E&P Partners on Restructuring

AlixPartners is serving as restructuring advisor to Bruin E&P Partners, which received the support of a majority of its debt creditors for a restructuring transaction that will eliminate more than $840 million of funded debt.

PJT Partners, Ankura Advise BJ Services on Chapter 11 Process

PJT Partners is acting as investment banker and financial advisor and Ankura Consulting Group is acting as restructuring advisor to BJ Services, which voluntarily filed petitions under Chapter 11 of the U.S. Bankruptcy Code.

July 20, 2020 BJ Services | Kirkland & Ellis | PJT Partners Ankura Consulting Group | Simmons Co. | Warren Zemlak Phil Neuffer

Ares Commits Additional Capital as Part of Salt Creek Recapitalization

SCM Topco, parent of Salt Creek Midstream, closed on a recapitalization with additional investments from both its existing lender groups and funds managed by Ares Management.

Chesapeake Energy Files Chapter 11, Secures $925MM DIP Financing Commitment

Alvarez & Marsal is serving as restructuring advisor to Chesapeake Energy, which voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas.

Bankruptcy Court Grants Neiman Marcus Access to DIP Facility

The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division approved Neiman Marcus Group to access debtor-in-possession financing, including the immediate availability of $250 million and an additional $150 million as needed after Sept. 4, 2020.

June 17, 2020 Berkeley Research Group | Geoffroy van Raemdonck | Kirkland & Ellis | Lazard | Neiman Marcus Group Phil Neuffer

Wells Fargo Delivers $125MM DIP Facility to Extraction Oil & Gas

Extraction Oil & Gas voluntarily filed for petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. In connection with the filing, Wells Fargo Bank underwrote a $125 million debtor-in-possession financing facility.

Bank of America Arranges $3.15B Asset-Based Credit Agreement for Macy’s

Bank of America is serving as the administrative agent and lead arranger of a new $3.15 billion asset-based credit agreement for Macy’s. The agreement is part of $4.5 billion in new financing for Macy’s.

AlixPartners Advises Jason Industries on Restructuring Plan

AlixPartners is acting as restructuring advisor to Jason Industries, which entered into a restructuring support agreement with certain of its senior secured lenders. Jason Industries also will pursue protection under Chapter 11 of the U.S. Bankruptcy Code.

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