Tag Archives: Pachulski Stang Ziehl & Jones

Sequential Brands Group Commences Chapter 11 Proceedings, Seeks $150MM in DIP Financing

Sequential Brands Group, together with its wholly-owned subsidiaries, commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. In connection with this process, Sequential will be obtaining $150 million in debtor-in-possession financing from its existing lenders.

Avadim Health Exits Chapter 11 Following Sale to Hayfin Capital Management

Avadim Health, a healthcare and wellness provider, completed a court-approved sale of substantially all its assets to a newly-created company owned by funds managed by Hayfin Capital Management following its Chapter 11 process.

Avadim Health Enters Stalking Horse Sale Agreement with Hayfin Capital Management

Avadim Health agreed to sell its assets and filed voluntary petitions for protection under Chapter 11. Hayfin Capital Management, Avadim’s existing lender, entered into a binding stalking horse purchase agreement and committed to provide certain debtor-in-possession financing.

BofA and Wells Provide ABL to Northwest Hardwoods in Restructuring Process 

Bank of America and Wells Fargo provided Northwest Hardwoods with an asset-based loan during the company’s financial restructuring process and emergence from Chapter 11.

Iconic Name Survives Thanks to a Well-Executed §363 Sale

Given the long list of costly, contentious and ultimately unsuccessful retail bankruptcies, much attention has been given to the particulars surrounding Filene’s Basement’s Chapter 11 proceedings that culminated with a §363 sale to Syms Corp. What follows is a behind-the-scenes look at these events that bucked a trend in more ways than one.