Knighthead Capital Management Archives

Kore Capital and Whitebox Advisors Participate in $40MM Term Loan for Wheels Up

Kore Capital and Whitebox Advisors joined Delta Air Lines, Certares Management, Knighthead Capital Management and Cox Enterprises in providing Wheels Up, a provider of on-demand private aviation, with a $40 million term loan facility.

Wheels Up Finalizes New Investment with Delta, Certares, Knighthead and Cox

Wheels Up Experience has closed the previously announced investment by Delta Air Lines, Certares Management, Knighthead Capital Management and Cox Enterprises.

Knighthead Capital Management Completes Transaction Support Agreement with ATI Physical Therapy

ATI Physical Therapy, an outpatient physical therapy provider in the United States, completed its previously disclosed transaction support agreement to increase the company’s liquidity and financial flexibility.

June 19, 2023 Andrew Shannahan | ATI Physical Therapy | Knighthead Capital Management | Sharon Vitti Ian Koplin

Hertz Exits Chapter 11 with Corporate Debt Reduced by Nearly 80%

Hertz Global Holdings completed its Chapter 11 restructuring process and emerged from bankruptcy. Hertz received bankruptcy court approval of its plan of reorganization on June 10.

Hertz to Fund Chapter 11 Exit with $6B Bid From Knighthead, Centares and Apollo

Hertz selected and approved a revised proposal from certain funds and accounts managed by affiliates of each of Knighthead Capital Management, Certares Opportunities and Apollo Capital Management (together with Knighthead and Certares, the KHCA group) to provide the equity capital required to fund Hertz’s revised plan of reorganization and exit from Chapter 11.

Hertz Receives Revised Reorganization Proposal for Chapter 11 Exit

Hertz Global Holdings received a revised proposal from affiliates of Knighthead Capital Management, Certares Opportunities and Apollo Capital Management to provide equity capital required to fund Hertz’s exit from Chapter 11.

Hertz Progress Toward Chapter 11 Exit, Continues Plan of Reorganization Sponsorship Negotiations

Hertz will continue the process of negotiating the terms on which its plan of reorganization will be sponsored without delaying its goal of exiting Chapter 11 by early to mid-summer.

Hertz Files Plan of Reorganization, Knighthead and Certares to Serve as Plan Sponsors

Hertz filed its proposed plan of reorganization and related disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. Knighthead Capital Management and Certares Opportunities will serve as the plan sponsors.

WSJ: Knighthead Wants More Transparency of MF Global Liquidation Fees

The Wall Street Journal reported Knighthead Capital Management says it is “extremely troubled” by a lack of transparency for millions of dollars of fees charged in the liquidation of MF Global.

February 10, 2014 Knighthead Capital Management ABF Journal

Court Approves Patriot Coal to Seek Creditor Nod for Reorganization

Patriot Coal announced that the Bankruptcy Court for the Eastern District of Missouri has approved the company to seek a creditor vote on its Plan of Reorganization.

November 7, 2013 Knighthead Capital Management | Patriot Coal ABF Journal

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