Creditors often refrain from actively participating in Chapter 7 bankruptcy proceedings. Jack O’Connor interviews his colleague, Michael Traison, who represented the creditors in a Chapter 7 case and was able to recoup a significant amount for the estate in a precedent-setting decision.
Wapiti Energy Holdings closed a $375 million acquisition of producing oil fields properties owned by Layline Petroleum, and its affiliates. Funding was provided by Wells Fargo and Scotiabank.
Bayside Business Solutions and Grizella announced that they partnered to develop a SaferWatch interface for Bayside’s flagship product, CADENCE.
In connection with LMI Aerospace’s acquisition of Valent Aerostructures, RBC Capital Markets has committed to arrange and Royal Bank has committed to provide a $300 million facility.
Shearman & Sterling represented Tops Markets, a portfolio company of Morgan Stanley Capital Partners and Graycliff Partners, in connection with a $125 million asset-based revolving credit facility arranged by Merrill Lynch and Wells Fargo Capital Finance.
Kid Brands has refinanced its existing senior credit facility with Salus Capital Partners as lender, administrative agent and collateral agent.