JCPenney entered into an asset purchase agreement with Brookfield Asset Management, Simon Property Group and a majority of the company’s DIP and first lien lenders.
Foresight Energy and all of its subsidiaries entered into a restructuring support agreement with ad hoc lender groups holding more than 73% of the approximately $1.4 billion in claims under each of Foresight Energy’s first lien credit agreement and second lien notes.
Alvaro Gomez de Membrillera Galiana has joined Paul, Weiss, Rifkind, Wharton & Garrison as a partner in its M&A group, resident in the London office.
A global team including Alvarez & Marsal; Paul, Weiss, Rifkind, Wharton & Garrison; and KPMG advised Wellspring Capital on its acquisition of Swift Worldwide Resources.
The Wall Street Journal reported that sources said Preferred Sands Holding hired restructuring advisers at Paul, Weiss, Rifkind, Wharton & Garrison as it handles a high debt load and weak operating results.