Milbank Archives - ABFJournal

ING Capital and Others Arrange $550MM Debt Facility for Lighthouse Infrastructure

ING Capital acted as sole bookrunner and coordinating lead arranger on debt financing consisting of a term loan facility totaling $490 million and a $60 million revolving credit facility for Lighthouse Infrastructure, a wholly-owned subsidiary of Third Coast Midstream.

Monroe and Wells Provide Debt Financing for Protos and Southfield Capital’s Acquisition of Mulligan

Monroe Capital and Wells Fargo provided debt financing to Southfield Capital and Protos Security in the companies’ acquisition of Mulligan Security, a U.S.-based direct guard and fire safety solutions provider.

Guitar Center Emerges from Chapter 11

Guitar Center emerged from bankruptcy following the consummation of its plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code.

Investec Agents $200MM Debt Financing for Cypress Creek

Investec Power and Infrastructure Finance acted as sole bookrunner, coordinating lead arranger and administrative agent on a seven-year, $200 million debt financing facility for a holding company of Cypress Creek Renewables.

Bankruptcy Court Approves $2B in DIP Financing for Avianca

The U.S. Bankruptcy Court for the Southern District of New York granted Avianca access to $2 billion in debtor-in-possession financing, including $1.27 billion in senior secured financing for which Goldman Sachs and JPMorgan Chase are serving as co-lead arrangers.

JPMorgan Chase Agents $675MM Revolver as Part of Noble Corporation’s Restructuring

Noble Corporation entered into a restructuring support agreement with two ad hoc groups of the largest holders of the company’s outstanding bond debt. In addition, JPMorgan Chase will serve as administrative agent on a $675 million secured revolving credit facility for Noble Corporation.

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.

GNC Pursues Dual-Path Restructuring Process

GNC Holding and certain of its secured lenders and key stakeholders reached an agreement to pursue a dual-path process that will allow the company to restructure its balance sheet and accelerate its business strategy through Chapter 11 of the U.S. Bankruptcy Code.

Anchorage, GSO, Davidson Kempner Provide $400MM DIP Facility to J. Crew

Anchorage Capital Group, GSO Capital Partners and Davidson Kempner Capital Management committed to provide a $400 million debtor-in-possession financing facility and exit financing to J. Crew, which filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code.

Alvarez & Marsal Advises ACBL Through Recapitalization, Chapter 11 Emergence

Alvarez & Marsal North America served as restructuring advisor to American Commercial Barge Line, successor to American Commercial Line, which successfully completed its recapitalization and emerged from Chapter 11.

May 1, 2020 Alvarez & Marsal North America | Greenhill & Co. | Mark Knoy | Milbank Phil Neuffer

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