Weil Gotshal & Manges Archives

Air Methods Receives Court Approval for Financial Restructuring Plan

Air Methods, an air medical service provider in the U.S., announced the U.S. Bankruptcy Court for the Southern District of Texas confirmed the company’s prepackaged plan of reorganization. Air Methods expects to emerge from Chapter 11 bankruptcy before the end of the year.

Goldman Sachs Asset Management Makes Investment in World Insurance Associates

World Insurance Associates, an insurance brokerage, and funds advised by Goldman Sachs Asset Management, through its private equity and hybrid capital teams, entered into a definitive agreement through which Goldman Sachs will make “a major investment” in World Insurance Associates.

Rithm Capital Acquires Sculptor Capital Management for Approximately $639MM

Rithm Capital and Sculptor Capital Management entered into a definitive agreement under which Rithm will acquire Sculptor in a transaction valued at approximately $639 million, which includes $11.15 per Class A share of Sculptor.

Serta Simmons Bedding Commences Pre-Arranged Chapter 11 Proceedings

Serta Simmons Bedding, a global sleep company, is taking steps to strengthen its financial position as it continues to support long-term growth.

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

Kabbage Voluntarily Files for Chapter 11 Bankruptcy

Kabbage (KServicing), a servicer and subservicer of small business Paycheck Protection Program loans (PPP Loans), voluntarily filed for relief and protections under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

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.

Deutsche Bank, BMO Capital Markets and JPMorgan Support Dave & Buster’s Acquisition of Main Event

Dave & Buster’s Entertainment entered into an agreement to acquire Main Event from Ardent Leisure Group and RedBird Capital Partners. Deutsche Bank Securities, JPMorgan Chase Bank and BMO Capital Markets are the joint lead arrangers and joint bookrunners for the financing supporting the acquisition.

Golub Capital Provides Debt Financing to Support Northleaf and AVALT’s Acquisition of AMAROK

Northleaf Capital Partners and AVALT acquired AMAROK, a provider of contracted perimeter security infrastructure solutions in the United States. Golub Capital provided debt financing for the transaction.

GoldenTree and Silver Point Provide $788MM Financing Commitment to Talen Energy Supply

Talen Energy and its wholly-owned subsidiary, Talen Energy Supply, obtained a financing commitment led by GoldenTree Asset Management and Silver Point Finance for a first lien facility in the aggregate amount of $788 million maturing in September 2024.

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