AlixPartners provided a managing director to serve as chief restructuring officer and served as restructuring and operations advisor to Constellis, which completed a debt de-levering and recapitalization transaction with consent from 100% of its term loan and revolving lenders.
PJT Partners completed its acquisition of CamberView Partners Holdings. First Republic Bank provided a $30 million term loan to support the transaction.
The U.S. Bankruptcy Court approved Appvion’s official committee of unsecured creditors’ stipulation amending the final DIP order to extend the challenge period. Wilmington Trust had agreed to provide a $325.2 million term loan for the papermaker.
Appvion filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Court for the District of Delaware to facilitate a balance sheet restructuring and better position the business for long-term growth and success.