FTI Consulting will serve as financial advisor to Pace Industries, which reached an agreement with its lenders on the terms of a financial restructuring plan and initiated a voluntary prepackaged Chapter 11 process in the U.S. Bankruptcy Court for the District of Delaware.
The Philadelphia Credit and Restructuring Summit celebrated its 10th anniversary by moving to a new location and adding a panel of women executives to the lineup. Lenders, turnaround professionals and bankruptcy judges enjoyed a round of Judicial Jeopardy before discussing serious matters ranging from possible federal tariffs on foreign goods to the ramifications of the Supreme Court’s ruling on structured dismissals in bankruptcy.
Pauline K. Morgan, a partner in Young Conaway Stargatt & Taylor’s Bankruptcy and Corporate Restructuring section, will be inducted as a Fellow of the American College of Bankruptcy.
Rural/Metro announced the U.S. Bankruptcy Court for the District of Delaware confirmed its reorganization plan. Alvarez & Marsal and FTI Consulting are serving as financial advisors.
GateHouse Media and and certain subsidiaries have emerged from prepackaged chapter 11. Houlihan Lokey Capital acted as financial advisor, and Young Conaway Stargatt & Taylor acted as legal counsel.