PJT Partners Archives

Starry Files Voluntary Chapter 11, Backed by RSA with Lenders

Starry Group Holdings and subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware and have entered into a restructuring support agreement with lenders holding the company’s debt.

Core Scientific Files Chapter 11, Receives $56MM DIP Facility Commitment

Core Scientific, a blockchain computing data center provider, will enter into a restructuring support agreement with an ad hoc noteholder group, which agreed to provide commitments for a debtor-in-possession facility of up to $56 million.

December 21, 2022 AlixPartners | Core Scientific | PJT Partners | Weil Gotshal & Manges Phil Neuffer

Syndicate of Lenders Upsize and Extend Maturity of Park Hotels & Resorts’ Credit Facility to $950MM

Park Hotels & Resorts amended and restated its existing $901 million revolving credit facility to increase total capacity to $950 million, extend the maturity from December 2023 to December 2026, and release all collateral securing the credit.

Phoenix Services Files for Voluntary Chapter 11 Reorganization

Phoenix Services, a provider of mission critical services to global steel producing companies, has taken the next step in its comprehensive restructuring strategy by filing voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

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.

PJT Partners Serves as Investment Bank for Envision Healthcare’s Refinancing

Envision Healthcare closed the first phase of a refinancing transaction with a majority of its first lien term loan lenders and, separately, consummated a refinancing transaction with its revolving lenders. The organization’s investment banker is PJT Partners.

July 25, 2022 Alvarez & Marsal | Envision Healthcare | Jim Rechtin | Kirkland & Ellis | PJT Partners Ian Koplin

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

PJT Partners Serves as Investment Banker for Envision Healthcare on $2.6B in Financing Facilities

PJT Partners served as investment banker for Envision Healthcare on $2.6 billion in first and second lien financing facilities, while Alvarez & Marsal served as financial advisor and Kirkland and Ellis served as legal advisor.

May 2, 2022 Alvarez & Marsal | Envision Healthcare | Jim Rechtin | Kirkland and Ellis | PJT Partners Ian Koplin

BofA-Led Syndicate Refinances and Increases Hilton Grand Vacations’ Revolver to $1B

Hilton Grand Vacations refinanced and increased the capacity under its existing revolving facility from $800 million to $1 billion. Bank of America will remain the administrative agent for the new revolving credit facility.

Washington Prime Group Completes Financial Restructuring, Reduces Debt by Nearly $1B

Washington Prime Group emerged from the Chapter 11 process, signifying the completion of the company’s financial restructuring and the implementation of its plan of reorganization. The company emerged from bankruptcy with its debt reduced by nearly $1 billion.

Tag Archives: PJT Partners