Vital Pharmaceuticals filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the Southern District of Florida. VPX Sports is the maker of Bang energy drinks, among other consumer products.
Caesars Entertainment closed a $3 billion senior secured credit facility consisting of a $750 million senior secured term loan and a $2.25 billion senior secured revolving credit facility resulting from an increase and extension to Caesars’ existing revolving credit facility.
Tufin completed its acquisition by Turn/River Capital in an all-cash transaction valued at approximately $570 million. Financing for the transaction is being provided by Carlyle Global Credit and Owl Rock Capital pursuant to a senior secured credit facility agented by Carlyle Global Credit.
atai Life Sciences, a clinical-stage biopharmaceutical company aiming to transform the treatment of mental health disorders, entered into a term loan facility for up to $175 million with Hercules Capital.
Paddock Enterprises, a wholly-owned subsidiary of O-I Glass, emerged from Chapter 11 protection, following affirmation by the U.S. District Court for the District of Delaware on June 22 of an order confirming Paddock’s plan of reorganization.
Paul Hastings added a prestigious team from Latham & Watkins. Mo Nurmohamed, Ross Anderson, Karan Chopra and Rob Davidson all joined the firm as partners in Paul Hastings’ global finance practice.
Latham & Watkins represents Searchlight Capital Partners in the comprehensive $150 million recapitalization transaction of MediaMath.
The U.S. Bankruptcy Court for the District of Delaware confirmed Mallinckrodt’s plan of reorganization, paving the way for the company to begin the next stage in its reorganization process.
Platinum Equity completed its acquisition of Pelican Products, a designer and manufacturer of protective cases and gear for outdoor enthusiasts and supply chain solutions for the healthcare industry. BofA Securities was the lead underwriter for debt financing in support of the transaction.