Kirkland & Ellis Archives - Page 2 of 16

Yellow Corporation Files Voluntary Chapter 11 Petitions

Yellow Corporation and certain of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware for the company’s planned operational wind-down.

CION Investment Corporation Closes Sale for David’s Bridal Assets

David’s Bridal, a bridal and special occasion company, closed its transaction with CION Investment Corporation, a publicly listed business development company, for the sale of substantially all of the company’s assets.

Steering Committee of BYJU’S $1.2B Term Loan Agree to Complete Loan Amendment

Educational company BYJU’S and the steering committee of ad hoc term loan lenders who collectively own more than 85% of the company’s $1.2 billion term loan agreed to complete a term loan amendment prior to Aug. 3.

July 24, 2023 BYJU’S | Cahill Gordon & Reindel | Kirkland & Ellis | Shearman & Sterling Ian Koplin

Ares Management Acquires Crescent Point Capital

Ares Management entered into a definitive agreement to acquire 100% of Crescent Point Capital, an Asia-focused private equity firm with approximately $3.8 billion of assets under management.

QualTek Services Emerges from Chapter 11

QualTek Services, an infrastructure services provider, emerged from Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas following the confirmation of its plan of reorganization on June 30.

Arclight Capital Partners Buys Duke Energy’s Commercial Distributed Business for $364MM

Duke Energy reached an agreement to sell its commercial distributed generation business to an affiliate of ArcLight Capital Partners, a middle-market infrastructure investor, for an enterprise value of $364 million, inclusive of non-controlling tax equity interests.

QualTek’s Plan of Reorganization Confirmed by Bankruptcy Court

QualTek Services, an infrastructure services provider, announced that its plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas.

Deutsche Bank, Nomura Securities and Santander Lead $800MM Credit Facility for Intersect Power

Intersect Power closed an up to $800 million revolving corporate credit facility to support its continued organizational growth and expansion of its clean energy platform.

Cyxtera Initiates Pre-Arranged Chapter 11 Process

Cyxtera, a provider of data center colocation and interconnection services, initiated a pre-arranged court-supervised process under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey.

June 5, 2023 AlixPartners | Cyxtera | Guggenheim Securities | Kirkland & Ellis | Nelson Fonseca Ian Koplin

QualTek Files Chapter 11, Enters RSA to Reduce Debt by $307MM

QualTek Services, an infrastructure services provider, announced a restructuring transaction that will reduce the company’s debt by approximately $307 million and provides $40 million of additional liquidity.

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