Altera Infrastructure Emerges from Chapter 11

Altera Infrastructure, a supplier of infrastructure assets to the offshore energy industry, emerged from the Chapter 11 process in the United States Bankruptcy Court for the Southern District of Texas after successfully consummating its chapter 11 plan of reorganization.

January 10, 2023 Altera Infrastructure | Evercore | FTI Consulting | Ingvild Sæther | Jackson Walker | Kirkland & Ellis | Stretto Ian Koplin

Altera Infrastructure Executes RSA with Secured Lenders, Enters Chapter 11

Altera Infrastructure and certain of its subsidiaries executed a restructuring support agreement (RSA) with approximately 71% of Altera’s funded debt obligations, which includes Brookfield and a super-majority of its bank lenders.

August 15, 2022 Altera Infrastructure | Evercore Group | FTI Consulting | Ingvild Sæther | Jackson Walker | Kirkland & Ellis | Stretto Ian Koplin

Ares Provides $100MM in New Equity Capital as Hornbeck Emerges From Chapter 11

Hornbeck Offshore Services emerged from Chapter 11. As part of its plan of reorganization, Hornbeck also closed on its common stock rights offering, which resulted in a $100 million cash infusion of new equity capital led by the special opportunities funds of Ares Management.

September 11, 2020 Ares Management | Guggenheim Securities | Highbridge Capital Management | Hornbeck Offshore Services | Jackson Walker | Kirkland & Ellis | Portage Point Partners | Stretto | Todd M. Hornbeck | Whitebox Advisors | Winstead ABF Journal

Hornbeck Offshore Services Receives Lender Support for Restructuring Plan

Pursuant to a restructuring support agreement, Hornbeck Offshore Services has the support of secured lenders holding approximately 83% of the company’s aggregate secured indebtedness.

May 14, 2020 Guggenheim Securities | Hornbeck Offshore Services | Jackson Walker | Kirkland & Ellis | Portage Point Partners | Stretto | Winstead Phil Neuffer

Portage Point, Guggenheim Securities Advise on Hornbeck Restructuring

Portage Point Partners is serving as restructuring advisor and Guggenheim Securities is serving as financial advisor to Hornbeck Offshore Services, which entered into a restructuring support agreement that will be implemented through a voluntary prepackaged Chapter 11 case.

April 15, 2020 Guggenheim Securities | Hornbeck Offshore Services | Jackson Walker | Kirkland & Ellis | Portage Point Partners | Stretto | Todd M. Hornbeck | Winstead Phil Neuffer