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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Hankey Capital Commits $100MM DIP Facility for Woodbridge Group
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Lenders/Participants
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Hankey Capital, LLC [Debtor-in-Possession Lender]
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Structure
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Debtor-in-Possession Facility
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Amount
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$100.000
Million
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Borrower(s)
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The Woodbridge Group of Companies, LLC
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Description
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Company and certain of its affiliates and subsidiaries announced that it has commenced a process to implement a debt recapitalization intended to restructure its approximately $750 million in debt. To facilitate this, Woodbridge filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Woodbridge will continue to operate as before through the Chapter 11 proceedings. In support of this restructuring, the Company obtained a commitment for up to $100 million in debtor-in-possession (DIP) financing from Hankey Capital, LLC, providing sufficient liquidity to maintain its operations and continue property development in the ordinary course of business during the Chapter 11 process.
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Industry
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Real Estate
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| Related Tags |
Debtor in Possession, DiP Financing
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ABL Advisor
Deal Tables
2025
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