Wells Fargo to Provide $30MM in Exit Financing for Jason Industries

The U.S. Bankruptcy Court for the Southern District of New York confirmed Jason Industries’ plan of reorganization, clearing the way for the company to complete its restructuring. Upon its exit from Chapter 11, Jason will enter into a $30 million ABL credit facility with Wells Fargo.

August 27, 2020 AlixPartners | Houlihan Lokey Capital | Jason Industries | Kirkland & Ellis | Moelis & Company | Weil Gotshal & Manges | wells fargo Phil Neuffer

Chesapeake Energy Files Chapter 11, Secures $925MM DIP Financing Commitment

Alvarez & Marsal is serving as restructuring advisor to Chesapeake Energy, which voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas.

June 29, 2020 Akin Gump Strauss Hauer & Feld | Alvarez & Marsal | Chesapeake Energy | Davis Polk & Wardell | Doug Lawler | Franklin Advisers | FTI Consulting | Houlihan Lokey Capital | Intrepid Financial Partners | Kirkland & Ellis | Lipton | Moelis & Company | MUFG Union Bank | Perella Weinberg Partners | Reevemark | Rosen & Katz | Rothschild & Co | RPA Advisors | Sidley Austin | Tudor Pickering Holt & Co. | Vinson & Elkins | Wachtell Phil Neuffer

Wells Fargo Delivers $125MM DIP Facility to Extraction Oil & Gas

Extraction Oil & Gas voluntarily filed for petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. In connection with the filing, Wells Fargo Bank underwrote a $125 million debtor-in-possession financing facility.

June 15, 2020 Alvarez & Marsal | Extraction Oil & Gas | Kirkland & Ellis | Matt Owens | Moelis & Company | Petrie Partners | Wells Fargo Bank Phil Neuffer

AlixPartners Advises Jason Industries on Restructuring Plan

AlixPartners is acting as restructuring advisor to Jason Industries, which entered into a restructuring support agreement with certain of its senior secured lenders. Jason Industries also will pursue protection under Chapter 11 of the U.S. Bankruptcy Code.

June 8, 2020 AlixPartners | Brian Kobylinski | Houlihan Lokey Capital | Jason Industries | Kirkland & Ellis | Moelis & Company | Weil Gotshal & Manges Phil Neuffer

Citibank, Wells Fargo Agent Amendment to Hersha Hospitality Trust’s Credit Facility

Citibank is serving as administrative agent and Wells Fargo is serving as syndication agent for an amendment to Hersha Hospitality Trust’s existing bank credit facility, which provides for an additional $100 million on the company’s $250 million senior revolving line of credit.

May 6, 2020 Citibank | Citigroup Global Markets | Hersha Hospitality Trust | Jay H. Shah | Moelis & Company | Wells Fargo Bank | Wells Fargo Securities Phil Neuffer

Koch Real Estate Investments Delivers $206.4MM Facility to Ladder Capital

Koch Real Estate Investments will provide $206.4 million in senior secured financing to Ladder Capital as part of a strategic financing arrangement. Ladder Capital also completed a private CLO with Goldman Sachs Bank, which generated $310.2 million of gross proceeds to Ladder.

May 5, 2020 Brian Harris | Goldman Sachs Bank | Jake Francis | Koch Real Estate Investments | Ladder Capital | Moelis & Company Phil Neuffer

Alvarez & Marsal Advises Whiting Petroleum on Restructuring During Chapter 11 Process

Alvarez & Marsal is acting as restructuring advisor and Jeffrey S. Stein of Stein Advisors is acting as chief restructuring officer for Whiting Petroleum, which entered into a restructuring support agreement and filed for a consensual Chapter 11 plan of reorganization.

April 27, 2020 Alvarez & Marsal | Bradley J. Holly | Jackson Walker | Jeffrey S. Stein | Kirkland & Ellis | Moelis & Company | Paul Weiss Rifkind Wharton & Garrison | PJT Partners | Porter Hedges | Stein Advisors | Whiting Petroleum Phil Neuffer

Alvarez & Marsal Serves as Restructuring Advisor as Whiting Petroleum Enters Chapter 11

Alvarez & Marsal is acting as restructuring advisor and Jeffrey S. Stein of Stein Advisors is acting as chief restructuring officer for Whiting Petroleum, which commenced voluntary Chapter 11 bankruptcy proceedings.

April 2, 2020 Alvarez & Marsal | Bradley J. Holly | Jeffrey S. Stein | Kirkland & Ellis | Moelis & Company | Paul Weiss Rifkind Wharton & Garrison | PJT Partners | Stein Advisors | Whiting Petroleum Phil Neuffer

Greenstreet Appointed to Moelis Board of Directors

Moelis & Company appointed Dr. Yvonne Greenstreet as an independent member of the Board of Directors.

February 23, 2015 Moelis & Company ABF Journal

J.P. Morgan, Others Advise on Spartan Stores/Nash Finch Merger

Spartan Stores and Nash Finch announced completion of their merger. J.P. Morgan Securities served as financial advisor for Nash Finch, and Moelis & Company acted as financial advisor for Spartan Stores.

November 22, 2013 J.P. Morgan Securities | Moelis & Company | Nash Finch Company | Spartan Stores ABF Journal