Weil Gotshal & Manges Archives

Chuck E. Cheese, Peter Piper Pizza to Receive $200MM in DIP Financing

CEC Entertainment, the owner/operator of Chuck E. Cheese and Peter Piper Pizza, entered into a plan support agreement with consenting creditors and received a commitment for $200 million in debtor-in-possession financing from certain of its first lien lenders.

BOKF Agents $180MM in Exit Financing for Unit Corporation

Unit Corporation emerged from Chapter 11 bankruptcy. As part of the company’s plan of reorganization, Unit converted its existing credit facility agented by BOKF into a $140 million reserve-based lending revolving loan and $40 million term loan.

Bankruptcy Court Approves EP Energy’s Amended Restructuring Plan

The United States Bankruptcy Court for the Southern District of Texas confirmed EP Energy’s amended plan of reorganization. FTI Consulting is serving as restructuring advisor and Evercore is serving as financial advisor to EP Energy.

August 31, 2020 EP Energy | Evercore | FTI Consulting | Russell Parker | Weil Gotshal & Manges Phil Neuffer

Wells Fargo to Provide $30MM in Exit Financing for Jason Industries

The U.S. Bankruptcy Court for the Southern District of New York confirmed Jason Industries’ plan of reorganization, clearing the way for the company to complete its restructuring. Upon its exit from Chapter 11, Jason will enter into a $30 million ABL credit facility with Wells Fargo.

Brooks Brothers Enters $305MM Stalking Horse Agreement with SPARC Group

Brooks Brothers filed a motion in the United States Bankruptcy Court for the District of Delaware to obtain court approval of an asset purchase agreement with stalking horse bidder SPARC Group.

Bankruptcy Court Approves $250MM DIP for 24 Hour Fitness

The U.S. Bankruptcy Court for the District of Delaware approved the first day motions related to 24 Hour Fitness’ voluntary Chapter 11 filing, including access to $250 million in debtor-in-possession financing.

June 18, 2020 24 Hour Fitness | FTI Consulting | Lazard | Tony Ueber | Weil Gotshal & Manges Phil Neuffer

FTI Consulting Advises 24 Hour Fitness Through Chapter 11

FTI Consulting is acting as restructuring advisor for 24 Hour Fitness, which filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. 24 Hour Fitness expects to secure $250 million in debtor-in-possession financing.

June 15, 2020 24 Hour Fitness | FTI Consulting | Lazard | Tony Ueber | Weil Gotshal & Manges Phil Neuffer

Skillsoft Files Chapter 11, Receives Commitment for $60MM DIP Facility

AlixPartners is serving as financial advisor to Skillsoft, which entered into a restructuring support agreement with a majority of its first and second lien lenders and filed prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware.

June 15, 2020 AlixPartners | Houlihan Lokey Capital | John Frederick | Skillsoft | Weil Gotshal & Manges Phil Neuffer

AlixPartners Advises Jason Industries on Restructuring Plan

AlixPartners is acting as restructuring advisor to Jason Industries, which entered into a restructuring support agreement with certain of its senior secured lenders. Jason Industries also will pursue protection under Chapter 11 of the U.S. Bankruptcy Code.

Ankura, Houlihan Lokey Advise Exide Technologies During Chapter 11 Proceedings

Ankura is serving as financial advisor, Houlihan Lokey is serving as investment banker and Weil, Gotshal & Manges is serving as legal counsel to Exide Technologies, which filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code.

May 20, 2020 Ankura | Exide Technologies | Houlihan Lokey | Tim Vargo | Weil Gotshal & Manges Phil Neuffer

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