Tag Archives: Milbank

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.

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.