Anthology has filed for Chapter 11 bankruptcy to execute a pre-arranged breakup of the company, driven by an unsustainable debt load from its Blackboard merger and subsequent performance declines, supported by $100 million in DIP financing.
First Brands Group has filed for Chapter 11 bankruptcy to address mounting leverage and liquidity pressures, backed by $1.1 billion in DIP financing.
Omnicare has filed for Chapter 11 bankruptcy following a $949 million legal judgment, supported by $110 million in DIP financing to pursue a dual-track sale or reorganization.
Worldwide Machinery Group has filed for Chapter 11 bankruptcy to consummate a going-concern sale after its senior lenders undermined the process by pursuing a side deal to sell their defaulted loan to a liquidator.
US Magnesium has filed for Chapter 11 bankruptcy to facilitate a sale of its shuttered operations, after a catastrophic equipment failure and a lithium market collapse triggered a massive legal judgment and an existential lease dispute with the State of Utah.
Pinstripes has filed for Chapter 11 bankruptcy amid liquidity pressures from declining sales and costly expansion, with support from a restructuring support agreement with its lenders for an expedited $16.6 million stalking horse sale.
NLC Energy Denmark, an affiliate of NLC Energy, filed for Chapter 11 to reject its long-term offtake contract with the University of California and restructure over $75M of senior secured notes through a prepackaged plan, after years of production underperformance and operating losses.
Partners Pharmacy has filed for Chapter 11 bankruptcy to pursue a lender-led 363 sale after failed out-of-court efforts, supported by a $6.5 million DIP and a $51 million stalking horse credit bid from affiliate CS One.
IMG Holdings, parent of Dana Classic Fragrances, filed for Chapter 11 to pursue a 363 sale backed by a $3M stalking horse bid from Fragrance Xtreme and a $500K DIP facility.
TPI Composites has filed for Chapter 11 bankruptcy to implement a lender-led reorganization amid macroeconomic headwinds and operational setbacks, backed by a $27.5 million new-money DIP and a $55 million roll-up.
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