Curing Ambiguities and Defects Without Noteholder Vote: Not So Fast
Funds Talk: October 2016
$206 million debtor-in-possession financing for secured lender to AbitibiBowater Inc.
$350 million senior notes issuance in connection with the recapitalization of Ainsworth Lumber Co.
$500 million senior credit facilities to a major hedge fund.
$400 million margin loan to a major hedge fund.
$175 million senior secured revolving financing to WCI Steel Inc.
$180 million financing of holdco notes and senior unsecured financing to Real Mex Restaurants.
$900 million first lien and second lien debt in connection with the restructuring of a global manufacturing company.
$120 million project financing for West Virginia power project.
$7 million syndicated debtor-in-possession credit facility to a clothing retailer.
$70 million syndicated credit facility to a borrower exiting from bankruptcy.
$23 million senior secured financing to Unifund.
$65 million second lien financing to Merisant Corporation for Farallon Capital Management and Citadel Investment Group.
$60 million debtor-in-possession facility to Performance Transportation Services, Inc. for Credit Suisse.
$25 million term loan facility to Hercules Technology Growth Capital, Inc.
$41 million second lien financing to American Apparel.
$85 million second lien project financing to Monitor SLV Ltd.
$95 million loan to General Chemical Soda Ash Partners, a major chemical manufacturer.
$102 million revolving and term loan facility to Cadence Innovation LLC, a major automotive parts supplier.
$75 million debtor-in-possession facility and an exit facility for Glenoit Corporation, a North Carolina fabric and home furnishings manufacturer.
$70 million debtor-in-possession facility and exit facility for General Chemical Inc., a chemical manufacturer with facilities in US and Canada.
$67.5 million term b loan to Friedman’s Inc., a national jewelry retailer.
$45 million debtor-in-possession facility and a $35 million exit facility for Rue 21, Inc. (f/k/a Pennsylvania Fashions), a mid-Atlantic clothing retailer.
$1.4 billion of credit facilities for a publicly traded shipping company.
$1.25 billion asset based loan facility for a Fortune 500 corporate borrower.
$1 billion of senior and subordinated trust certificates in several series to a master trust to a commercial paper conduit in connection with a trade receivables financing facility.
Restructuring of approximately $1 billion of indebtedness of the steel manufacturing subsidiaries of a major Mexican conglomerate.
$825 million of secured facilities to a major maritime shipper.
$350 million of multi-currency, senior secured facilities and an offering of $400 million of senior subordinated and convertible senior subordinated notes for a major gaming interest.
$395 million of syndicated credit facilities from a global consortium of lenders for an industrial borrower.
$600 million of credit facilities for a publicly traded corporate borrower.
$120 million private placement, as well as project financing in US and UK, for a Canadian issuer.
$300 million restructuring and exit facility for a major manufacturer of decorative surfaces.
$250 million in senior debt securities secured by a second priority lien on mineral rights to a publicly traded corporation.
$245 million senior secured credit facility and $25 million insurance company note facility in connection with an acquisition.
$60 million of secured facilities for a national trailer sales and leasing company.
$34 million in acquisition credit facilities secured by collateral in the U.S., the British Virgin Islands, the Philippines and Hong Kong.