With its debt-restructuring plan completed, MAB is now in negotiations with its suppliers, including the in-flight catering service and passenger service system providers. GCL New Energy Holding Limited (“GCL New Energy”) announced the restructuring of US$500 million 7.1% senior notes due 2021 – the largest US dollar bond restructuring for an Asian renewable company to date. Rajeev takes the helm at a pivotal time for the WSBA with a restructuring of the state bar currently consideration and with rapidly changing technology continuing to influ- Swissport has agreed to a comprehensive restructuring with creditors and shareholders including a debt-for-equity swap and a new 500 million euros long-term debt facility. Hedge Fund Interview Questions. Lot of sponsor restructuring deal flow. Updated 10:40 AM ET, Tue July 14, 2020. Most of the long-term service issues can be done by other deals or local repair shops with parts coming from existing suppliers, the only real issue you have is warranty and that can be dealt with. D.F. SS&C Intralinks recently took a temperature reading of the COVID-19 era restructuring environment in our webinar, How to Prepare for Restructuring-Driven M&A in an Uncertain Market. “This is not an excuse, but I would consider 2020 as ground zero,” says Izham. IFLR1000 2020 . If overall deal activity falls by 50%, an increase in distressed deals will not make up for that lost volume, especially once you factor in all the $10 billion+ transactions that get canceled. My colleagues Joe Lauritzen, Justin Nowicki and I were proud to feature a special guest, Neil Gupta, managing director of SSG Capital Advisors. In this, the third edition of PwC’s Restructuring trends: A global view, we explore the business challenges and public policy responses that are shaping market activity in 37 economies worldwide. 2020 M&A Advisory Rankings U.S. Healthcare Transactions Under $1 Billion Although the Thai economy is in recession, the recovery from the impact of COVID-19 is currently better than many originally feared. and its subsidiaries, has won Restructuring Deal of the Year in the IFLR Europe Awards 2020. It has entered into a restructuring deal with lenders to strengthen its business. We represented the restructuring subcommittee for the board of directors of Sears in the company's chapter 11 cases. Friday is the deadline for Argentina to reach an agreement with its bondholders about a restructuring of the debt. This announcement caps off months of research by the team, accompanied by plenty of discussion along the way between the IFLR journalists and editors who make up the internal judging panel. The final restructuring deal that Argentina reached with its foreign bondholders in early August was the product of a fraught and tortuous negotiating process that lasted several months and came after Argentina had defaulted on its sovereign debt in late May for the ninth time in its history. Restructuring London (CNN Business) Richard Branson is pumping more money into Virgin Atlantic as part of a £1.2 billion ($1.5 billion) rescue deal … Bankruptcy activity is expected to be steady as the pandemic and recession persist. As we assess our outlook for turnaround and restructuring activity in 2021, it’s difficult to overstate the level of disruption companies faced in 2020. Bankruptcy activity in 2020 The number of Chapter 11 filings with greater than $10m of liabilities grew by 16.5% in 2020 — a relatively modest increase compared to the disruption companies faced during the year. By the end of 2020, the team had restructured 20 national tenant leases, many of which were exercising their right to terminate. Argentina's debt restructuring deal explained What exactly is the deal about and could it save the ailing economy? King & Co., Inc., an AST company, ("D.F. Argentina Reports Debt Restructuring Deal With Creditors. Jorgelina Do Rosario. Named Top Restructuring Lawyer. Yoenis Céspedes' restructured contract with the Mets will reduce his 2020 salary from $29.5 million to $11 million, a source told MLB.com's Anthony DiComo on Saturday. Title. Leader in Out-of-Court Restructuring Matters. By. Norwegian offshore vessel owner Havila Shipping has struck a debt restructuring deal with lenders, conditional upon approval from formal bodies. January 07, 2020. Restructuring and turnaround work has accounted for 30% of the work AlixPartners has done for clients in 2020 so far, up from 20% in all of 2019. 1 Min Read. Advised Murray Energy Corporation on its comprehensive chapter 11 restructuring ~$2,800: Aug 27, 2020: Closed October 2020: Advised EP Energy Corporation on its chapter 11 restructuring: $4,900: Aug 25, 2020: Closed August 2020: Advised CerSci Therapeutics on its sale to Acadia Pharmaceuticals: $930: Aug 24, 2020: Closed October 2020 restructuring, corporate finance, mergers & acquisitions (M&A), legal, tax and business consulting. King") has been recognized by LatinFinance in their 2020 Deals … As of December 2020, FTI Consulting was listed as #1 according to The Deal's quarterly ranking of the Top Restructuring Advisors. IFLR Americas Awards, 2021 Learn more. King was retained to provide information, tabulation and exchange agent services. Inside.com’s Jason Calacanis on the need for Big Tech regulation. D.F. Maximize your savings with the Acme Market Deals & Delivery app! King & Co., Inc., an AST company, (“D.F. The report draws on the expert local insights of our restructuring advisers and insolvency practitioners, who outline how governments and businesses have responded … Alexandra Scaggs. Maples and Calder, the Maples Group’s law firm, was pleased to advise the 10.5% noteholder of the Seven Energy Group in relation to the 2019 Seven Energy debt restructuring. Just as there are sell-side and buy-side M&A deals, there are also two “sides” in Restructuring (RX) and distressed transactions: the debtors (companies) and the creditors. A bank advises only one side in each deal, and some groups tend to focus on one specific side across all transactions. ... 2020. Bed Bath & Beyond Strikes Real-Estate Deal - WSJ. Another Latin American sovereign, Ecuador, which has been dealing with the economic Backed by a surge of restructuring matters during the pandemic and then an uptick in deal work in the last half of 2020, Weil, Gotshal & Manges pushed gross … Zurich, 31 August 2020 . By Reuters Staff. Updated April 23, 2020 12:34 pm ET Zambia Targets Debt Restructuring Deal By April. For parameters and criteria check out The Deal Awards 2020 FAQ. The Deal’s data experts compile and analyze the details of M&A, Private Equity, Bankruptcy, Out-of-Court Restructuring, PIPEs and Life Settlement transactions on an ongoing basis. In those cases, restructuring consultants might come in to advise the company. But bankers might still be involved if the company needs to raise extra capital at the same time. Unlike M&A, industry groups, ECM, DCM, and Leveraged Finance, Restructuring is more about minimizing losses than maximizing value. Have had varying success this round but have won roles on some notable cases. It has entered into a restructuring deal with lenders to strengthen its business. Plus Icon. The mandates that show up in the news are often the well known retail restructurings. A Game of Survivor: Private Credit Restructuring Year in Review. Houston-based McDermott International Inc. (NYSE: MDR) secured support from certain creditors for its restructuring plan, which includes 14 Sep 2020. Phil Rogers. A complex and noteworthy matter, the transaction received recognition at the IFLR Sub-Saharan Africa Awards, winning Restructuring Deal of the Year 2020. Furthermore, if Céspedes goes on the injured list during the season with an injury related to those he's recovering from -- … Contributor. King") has been recognized by LatinFinance in their 2020 Deals of the Year Awards for "Restructuring Deal of the Year". Restructuring Jared Goff's deal to save nearly $17 million in 2020 seems like a no-brainer, but Les Snead explains why it isn't. swissport.com . Houlihan Lokey’s Healthcare Group has earned a reputation for providing superior service and achieving outstanding results in M&A advisory, capital raising, restructuring, and valuation. PG&E Stock Is Climbing as Investors Get Closer to a Restructuring Deal . King & Co., Inc., an AST company, ("D.F. 192 Views. Struggling marijuana firm iAnthus plans restructuring deal, recapitalization Published July 14, 2020 Multistate cannabis grower and retailer iAnthus Capital Holdings announced a restructuring support deal with a recapitalization component, giving the company an opportunity to reduce its outstanding debt. (London) – Akin Gump is pleased to announce that the €6 billion Agrokor restructuring, on which it served as independent international legal counsel in connection with the negotiation, agreement and implementation of the settlement plan in relation to Agrokor d.d. Dechert LLP’s financial restructuring practice has been recognized for its part in the restructuring of Brazilian oil-and-gas driller Serviços Petróleo de Constellation, which was named “Restructuring Deal of the Year” by the International Financial Law Review at the IFLR Americas Awards 2020.. Furthermore, if Céspedes goes on the injured list during the season with an injury related to those he's recovering from -- … 192 Views. Houlihan Lokey has the largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located across the globe. Dr Ng’andu told creditors via webcast that the decision … Award Detail (McDermott International chapter 11 restructuring) Recognition Source. Restructuring Jared Goff's deal to save nearly $17 million in 2020 seems like a no-brainer, but Les Snead explains why it isn't. People understand the situation and will continue to buy cars. Ray C. Schrock, P.C. Fall 2021 Primetime Grid ... Restructuring Deal of the Year. AMC Entertainment Shares Up 10% Before Market Open As Chain Said To Near Debt Restructuring Deal ... Series that made it or didn’t make it in 2020-21. New Zealand's Fonterra sees more deals in 2020 amid restructuring. Sears Holdings Corporation Named Deal of the Year: Restructuring and Insolvency. Fantastic Ads & Deals!— Our Proud Sponsors 12-16 Bar Meeting Minutes— N/A ... County for a public meeting in May 2020. One app for all your shopping needs from planning your next store run, to ordering DriveUp and Go™ or letting us deliver for you. Selected Sears as its "Deal of the Year: Restructuring and Insolvency" for 2020. ALB Virtual Cross-border Debt Restructuring Forum 2020 timely sets out to find compelling solutions to meet the changing dimensions of distressed debts, restructuring and insolvency cases. This critical deal restructuring saved 97,000+ square feet (9,000 square meters) of retail, removed co-tenancy rights, and reduced accounts receivable by $1 million. Restructuring trends in Thailand | Q4/2020. RELEASE. 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