Vyaire Medical, Inc. and certain of its affiliates in their prearranged Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware. Vyaire is a leading medical devices and services company with approximately USD 534 million in funded debt. Vyaire commenced the pre-arranged cases to conduct a sale process with a USD 45 million debtor-in-possession financing facility and the support of the vast majority of its secured lenders
Arvos Group, a German supplier of heat exchange solutions and portfolio company of Triton, in relation to its approx. EUR 560 million financial restructuring by way of an English Scheme of Arrangement at the Luxembourg borrower level and the subsequent deleveraging by way of a debt equity swap and a debt hive up into a new HoldCo structure. The restructuring resulted in a debt waiver/contribution of more than a third of the outstanding term loan debt in return for a minority stake in the new HoldCo structure. Although the transaction was supported by 100% lenders, it was necessary to use a tried-and-tested UK process given the amount of CLOs in the structure
Wittur Group, a German manufacturer of elevator parts in relation to its approx. EUR 1 billion financial restructuring, implemented by way of a debt-for-equity swap and including a debt hive-up to a new HoldCo structure. The restructuring was implemented as a fully consensual transaction supported by its first and second lien term loan lenders as well as its existing private equity sponsor
Private equity sponsor of PlusServer Group, a German provider of cloud solutions in relation to its approx. EUR 260 million financial restructuring, implemented by way of a debt-for-equity swap and including a debt hive-up to a new HoldCo structure. The restructuring was implemented by way of an English Scheme of Arrangement
Venator Materials PLC and its affiliates (together, “Venator”) in their prepackaged Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. Venator, which is an NYSE-listed Public Limited Company organized under the laws of England and Wales, is a global manufacturer of pigments and additives that bring color, vibrancy, and a sustainable finish to a variety of objects and for a variety of uses and has over USD 1.1 billion in total funded debt obligations. Venator filed for Chapter 11 with a restructuring support agreement supported by holders of 94% in principal of its total funded debt obligations and USD 275 million in new-money post-petition DIP financing. Venator’s Chapter 11 plan was confirmed approximately 70 days after the filing
Ad hoc group of holders of the overall €1.1 billion notes issued by Adler Real Estate AG on its recapitalization
Flint Group in relation to its successful comprehensive recapitalization and restructuring of c. EUR 1.3 billion of debt
Ad hoc group of noteholders on the successful financial restructuring of Safari Holding Verwaltungs GmbH (Löwen Play)
