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News Stories (39 Results) - Exit Financing

First Citizens Bank announced CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $55 million revolving credit facility to National CineMedia to support their emergence from Chapter 11 bankruptcy.National... Read Story
September 08, 2023, 08:00 AM

Solstice Sunglasses, the second-largest sunglass retailer in the United States, announced it has successfully emerged from Chapter 11 with the support of a $6.5 million exit financing facility provided by Second Avenue Capital Partners ("SACP").... Read Story
August 05, 2021, 08:00 AM

Editor's Note: On Friday, February 8, 2019, ABL Advisor inaccurately reported the restructuring facility amount provided by Citizens Bank. The correct amount is $105 million. We apologize for this error. FULLBEAUTY Brands Holdings Corp. announced... Read Story
February 11, 2019, 07:13 AM

Tops Markets, LLC announced that the United States Bankruptcy Court for the Southern District of New York has confirmed the Company’s Plan of Reorganization. Tops expects to complete its restructuring and emerge from Chapter 11 shortly. On February... Read Story
November 21, 2018, 08:00 AM

Claire's Stores, Inc. announced that it successfully completed its financial restructuring and emerged from Chapter 11 as the Company's court-confirmed Third Amended Plan of Reorganization went into effect October 12, 2018. With support from its... Read Story
October 15, 2018, 07:15 AM

Super G provided a $1.5 million exit facility to a venture-backed SaaS provider for content management and digital publishing.evenue: The Company was placed in the Bank’s special assets division due to a covenant violation. Although the Company... Read Story
September 21, 2018, 07:15 AM

Cenveo, Inc., a diversified manufacturer of print-related products including envelopes, custom labels, commercial print, and publisher solutions,  announced that the United States Bankruptcy Court for the Southern District of New York has confirmed... Read Story
August 20, 2018, 08:00 AM

EV Energy Partners, L.P. announced that it has successfully completed its financial restructuring and has emerged from Chapter 11 as a new corporation under the name Harvest Oil & Gas Corp.  Through the restructuring, Harvest has eliminated... Read Story
June 05, 2018, 07:09 AM

Remington Outdoor Company announced that it has emerged from Chapter 11 after successfully implementing its plan of reorganization previously confirmed by the Delaware bankruptcy court on May 4, 2018. The Plan provides a comprehensive balance sheet... Read Story
May 18, 2018, 07:30 AM

After less than four months, True Religion Brand Jeans has emerged from Chapter 11 Bankruptcy following negotiations with its key stakeholders, under a Plan of Reorganization approved by the Delaware Bankruptcy court on October 5, 2017.True... Read Story
October 30, 2017, 07:40 AM

Avaya announced  that it has reached global consensus regarding the terms of a chapter 11 plan with its major creditors. As a result of the Global Resolution, Avaya has filed a Second Amended Plan of Reorganization which, among other things: (a)... Read Story
October 24, 2017, 07:13 AM

Bankrupt shipping firm GulfMark Offshore, Inc. and GulfMark Rederi AS, a wholly-owned subsidiary of the company, entered into a commitment letter with DNB Markets, Inc., DNB Capital LLC and Hayfin DLF II Luxco 2 S.à.r.l.  regarding the terms of the... Read Story
October 04, 2017, 07:16 AM

A.M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced that it has emerged from its voluntary chapter 11 proceedings before the United States Bankruptcy Court for the District of Delaware commenced on June 18... Read Story
September 01, 2017, 07:50 AM

Nuverra Environmental Solutions, Inc. announced that, on August 7, 2017 the company and its material subsidiaries emerged from Bankruptcy protection under chapter 11 of the United States Bankruptcy Code. Pursuant to their Amended Joint Plans of... Read Story
August 14, 2017, 07:55 AM

Halcón Resources Corporation announced it has completed its financial restructuring (the “Restructuring Plan”) and has emerged from its pre-packaged chapter 11 bankruptcy cases.  All of the conditions under its Plan of Reorganization, which was... Read Story
September 12, 2016, 08:11 AM

Verso Corporation announced that the company and its subsidiaries have emerged from bankruptcy following a successful financial restructuring and confirmation of its Chapter 11 plan of reorganization by the U.S. Bankruptcy Court for the District of... Read Story
July 18, 2016, 08:01 AM

MidCap Business Credit announced it has completed a $3 million asset-based credit facility to Technology Container Corporation in Desoto, TS, a manufacturer of corrugated plastic boxes. The asset-based credit facility is comprised of a revolving line... Read Story
July 12, 2016, 07:28 AM

Energy and Exploration Partners, LLC and its debtor affiliates announced that they have officially concluded their Chapter 11 financial reorganization after completing all required actions and satisfying the remaining conditions to effectiveness of... Read Story
May 16, 2016, 07:26 AM

The PrivateBank has provided both debtor-in-possession financing and $20 million in senior secured exit financing to Cardiac Science Corp. Cardiac Science is a global leader in the manufacturing and marketing of automated external defibrillators... Read Story
February 17, 2016, 07:46 AM

Chassix Holdings, Inc. and its U.S. subsidiaries has successfully completed its prearranged restructuring and recapitalization and emerged from Chapter 11 bankruptcy protection. Through its prearranged Chapter 11 plan, Chassix substantially reduced... Read Story
July 30, 2015, 07:49 AM

EveryWare Global announced it has successfully completed its financial restructuring and has emerged from Chapter 11. The company exits the restructuring process with a significantly reduced debt load and strengthened balance sheet."Thanks to... Read Story
June 03, 2015, 07:56 AM

Exide Technologies, a global leader in stored electrical-energy solutions, announced that its Plan of Reorganization became effective today and that the company has emerged from Chapter 11 as a newly reorganized company. As previously announced, the... Read Story
May 01, 2015, 07:56 AM

SSG Capital Advisors, LLC acted as the investment banker to Cooper-Booth Wholesale Company, L.P., Cooper-Booth Transportation Company, L.P. and Cooper-Booth Management Company, Inc. (collectively, "CBW" or the "company") in the placement of an exit... Read Story
July 11, 2014, 07:39 AM

Cengage Learning, Inc., a leading global educational content, technology and services company for the higher education and K-12, professional and library markets, announced that it has emerged from Chapter 11, having completed its financial... Read Story
April 02, 2014, 07:03 AM

According to various news sources, LightSquared is seeking to pay the fees and expenses on part of its proposed $4 billion financing package, which would move the wireless satellite company's standalone restructuring deal forward as an alternative to... Read Story
January 02, 2014, 07:33 AM

Cengage Learning Inc. is requesting bankruptcy-court permission for $2 billion in loans that will finance the company's operations after it exits Chapter 11 bankruptcy.The textbook publisher said in documents filed in late December with the U.S.... Read Story
January 02, 2014, 07:19 AM

Patriot Coal Corporation announced that the Bankruptcy Court for the Eastern District of Missouri has confirmed that thecompany's Disclosure Statement contains the information necessary to enable creditors to vote on the company's Plan of... Read Story
November 07, 2013, 07:15 AM

Rotech Healthcare Inc. announced today that the U.S. Bankruptcy Court has approved the Second Amended Joint Plan of Reorganization of Rotech Healthcare Inc., along with $358 million of exit financing commitments received from Wells Fargo and certain... Read Story
August 30, 2013, 07:57 AM

Kodak announced that it has completed the syndication of its previously announced $695 million exit and post-emergence term-loan credit facilities. The credit facilities, along with the proceeds from the previously announced rights offering, cash on... Read Story
August 02, 2013, 07:59 AM

Wireless broadband communications company LightSquared is splitting its proposed $3 billion senior secured exit term loan into a $2 billion first-lien loan and $1 billion second-lien tranche, sources told Thomson Reuters LPC. The loan originally... Read Story
July 08, 2013, 07:27 AM

Revel AC Inc., announced it has successfully completed its financial restructuring and emerged from Chapter 11 of the United States Bankruptcy Code. Through the restructuring plan, which has been approved by both the U.S. Bankruptcy Court for the... Read Story
May 22, 2013, 07:23 AM

Revel AC Inc. announced the U.S. Bankruptcy Court for the District of New Jersey (Camden) has confirmed Revel’s prepackaged plan of reorganization (the “Plan”) under Chapter 11 of the Bankruptcy Code. The Plan was unanimously accepted by creditors... Read Story
May 14, 2013, 08:04 AM

Geokinetics Inc. announced that the Company and its domestic subsidiaries have successfully emerged from chapter 11 protection and the Company's second modified joint plan of reorganization (the "Plan") has become effective.  David J. Crowley, the... Read Story
May 13, 2013, 08:03 AM

Bloomberg reports AMR Corp., the airline merging with US Airways Group Inc., won court approval to borrow as much as $3.25 billion as it moves toward exiting bankruptcy.AMR, the parent of American Airlines, sought the financing to take advantage of... Read Story
May 13, 2013, 07:24 AM

Kodak closed its previously-announced $848 million financing with members of the Steering Committee of the Second Lien Noteholders and other holders of Kodak's Senior Secured Notes. This new financing, together with the amendment and restatement of... Read Story
March 25, 2013, 07:29 AM

Kodak reached an agreement with the Steering Committee of the Second Lien Noteholders to amend the terms for the previously-announced interim and exit financing package. The amendments provide Kodak with additional flexibility to successfully execute... Read Story
March 04, 2013, 07:13 AM

Beechcraft, formerly Hawker Beechcraft, announced it has formally emerged from the Chapter 11 process as a new company well-positioned to compete vigorously in the worldwide business aviation, special mission, trainer and light attack markets. The... Read Story
February 19, 2013, 07:28 AM

Hawker Beechcraft announced the key creditors voting in the company's solicitation process have overwhelmingly approved its proposed Joint Plan of Reorganization. The company also announced that J.P. Morgan Securities and Credit Suisse Securities... Read Story
January 28, 2013, 08:00 AM

NewPage Corporation has successfully completed its financial restructuring and has officially emerged from Chapter 11 bankruptcy protection pursuant to its Modified Fourth Amended Chapter 11 Plan (the Plan), confirmed on December 14, 2012, by the U.S... Read Story
December 24, 2012, 10:00 AM