Milbank Archives - Page 2 of 3

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

Foresight Energy Files Chapter 11 Bankruptcy to Access $100MM in New Financing

Foresight Energy and all of its subsidiaries entered into a restructuring support agreement with ad hoc lender groups holding more than 73% of the approximately $1.4 billion in claims under each of Foresight Energy’s first lien credit agreement and second lien notes.

Bankruptcy Court Approves $2B in DIP Financing for Avianca

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

Ares Commits Additional Capital as Part of Salt Creek Recapitalization

GNC Pursues Dual-Path Restructuring Process

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

Alvarez & Marsal Advises ACBL Through Recapitalization, Chapter 11 Emergence

Foresight Energy Files Chapter 11 Bankruptcy to Access $100MM in New Financing

Leading M&A Attorney O’Neill Joins Milbank

Milbank Expands European Leveraged Finance & Capital Markets Team

Milbank Elects Five Attorneys to Partnership

Tag Archives: Milbank