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.
99 Cents Only Stores amended the company’s existing term loan facility with Royal Bank of Canada, along with adjustments to its ABL facility and an entry into a second lien facility.
The 99 Cents Only Stores amended its existing term loan and ABL facilities with Royal Bank of Canada, and entered into a second lien facility.
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.
Hornbeck Offshore Services refinanced its existing $200 million senior secured revolving credit facility with a new first-lien delayed-draw credit facility providing for up to $300 million of term loans. Wilmington Trust is administrative agent for the transaction.
Forbes Energy Services’ plan of reorganization has been confirmed and became effective on April 13, 2017. Wilmington Trust was agent on a $50 million term loan to support the plan.
Wilmington Trust expanded its Mergers and Acquisitions team in the Global Capital Markets by hiring Laron Galea as head of Product Planning and Development, Stuart Landucci as head of Sales Strategy and Timothy Martin as senior relationship manager.
Wells Fargo, as agent for the first lien lenders, and Wilmington Trust, as agent for the second lien lenders, approved the Atlas Resource Partners Restructuring.
Hanger entered into a new credit agreement for a $280 million senior loan and an amendment to modify a 2013 credit agreement with Wilmington Trust and Bank of America, respectively, as administrative agents.