Paul Weiss Rifkind Wharton & Garrison Archives

Revlon Announces Confirmation of Plan of Reorganization

The U.S. Bankruptcy Court for the Southern District of New York has confirmed Revlon’s plan of reorganization. The plan positions Revlon to emerge from bankruptcy in late April, consistent with the timeline announced at the beginning of the restructuring.

April 5, 2023 Alvarez & Marsal | Debra Perelman | Paul Weiss Rifkind Wharton & Garrison | PJT Partners | Revlon Ian Koplin

Apollo-Led Investor Group Acquires Atlas Air Worldwide

Atlas Air Worldwide, a leading global provider of outsourced aircraft and aviation operating services, and the investor group led by funds managed by affiliates of Apollo, together with investment affiliates of J.F. Lehman & Company and Hill City Capital, completed its acquisition of Atlas Air Worldwide.

Avaya Holdings Enters into Restructuring Support Agreement with Secured Lenders

Avaya Holdings, a provider of solutions to enhance and simplify communications and collaboration, entered into a restructuring support agreement with overwhelming support of more than 90% of the company’s secured lenders.

Lumileds Enters into RSA with Lender Group

Lumileds Holding, a global provider of innovative lighting solutions, entered into a restructuring support agreement with its lenders.

Revlon Files for Chapter 11 Bankruptcy

Revlon and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.

June 17, 2022 Alvarez & Marsal | Debra Perelman | Paul Weiss Rifkind Wharton & Garrison | PJT Partners | Revlon Ian Koplin

Apollo Acquires Cardenas Markets from KKR

Apollo agreed to acquire Cardenas Markets, a grocery retailer focused on serving the Hispanic community, from investment funds affiliated with KKR, a global investment firm.

Apollo and MUFG Provide $775MM in Capital Commitments to Liquidity Group

Liquidity Group entered into agreements with respect to approximately $775 million in capital commitments led by by funds and entities managed by affiliates of Apollo.

J.P. Morgan and Others Support Clearlake’s Completed Acquisition of Cornerstone OnDemand

Clearlake Capital Group completed its acquisition of Cornerstone OnDemand. J.P. Morgan, BofA Securities, Ares, Golub Capital, Antares Capital, Barclays, Blue Owl, BMO Capital Markets, BNP Paribas, Credit Suisse, Goldman Sachs and Jefferies provided debt financing for the transaction.

Apollo Global Management Pays $5B for Verizon Media

Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.

CPPIB Credit Investments Provides $70MM Term Loan to David’s Bridal

David’s Bridal closed a $70 million term loan provided by CPPIB Credit Investments, a subsidiary of the Canada Pension Plan Investment Board. David’s Bridal will use the new term loan, which matures in 2024, to fund operations and for general corporate purposes.

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