Monarch Alternative Capital Provides $500MM Secured Financing to Dhanani Group

Dhanani Group closed financing totaling $500 million. Monarch Alternative Capital and its partners led the five-year secured bank loan facility.

June 24, 2022 Akin Gump Strauss Hauer & Feld | Amin Dhanani | Centerview Partners | Dhanani Group | FTI Consulting | Joshua Acheatel | Monarch Alternative Capital | Shoukat Dhanani | Vinson & Elkins Ian Koplin

Monarch Acquires 10 Hotels from Eagle Hospitality as Part of Bankruptcy Process

Monarch Alternative Capital purchased 10 full-service hospitality real estate assets located in four states in the United States for a total consideration of $360 million. The properties were sold by Eagle Hospitality Real Estate Investment Trust as part of its bankruptcy process.

June 28, 2021 Eagle Hospitality Real Estate Investment Trust | Hersha Hospitality Management | Ian Glastein | Monarch Alternative Capital Ian Koplin

Pyxus Completes Restructuring, Glendon and Monarch Lead Investment in Exit Term Loan

Pyxus completed its financial restructuring, which includes a $213 million exit term loan and a $75 million exit asset based revolving facility. Glendon Capital Management and Monarch Alternative Capital are leading the investment in Pyxus’ exit term loan facility.

August 26, 2020 Glendon Capital Management | Holly Kim | Lazard | Monarch Alternative Capital | Patrick Fallon | Pieter Sikkel | Pyxus International | RPA Advisors | Simpson Thacher & Bartlett Phil Neuffer

Claire’s Files Chapter 11, Citigroup to Provide DIP Financing

According to Reuters, retail chain Claire’s Stores has filed for Chapter 11 in U.S. bankruptcy court in Delaware. Citigroup will provide DIP financing for the company as it goes through restructuring.

March 19, 2018 Citigroup | Claire’s Stores | Elliott Management | Monarch Alternative Capital Amanda Koprowski

American Apparel Plan Confirmed by Court; Lenders Become Owners

American Apparel’s plan of reorganization has been confirmed by the Court. The company’s transformation strategy to revitalize the brand remains the key focus.

January 26, 2016 American Apparel | Coliseum Capital | Goldman Sachs Asset Management. | Monarch Alternative Capital ABF Journal

Monarch Said to End Talks on RadioShack Loan

Bloomberg reported Monarch Alternative Capital abandoned negotiations to take over a $140 million loan to RadioShack, as the retailer struggled to reach a deal with lenders on a turnaround plan.

November 19, 2014 Monarch Alternative Capital ABF Journal