Recapitalization & Restructuring Select Transactions
ANNOUNCEMENT DATECOMPANYCLIENTVALUETRANSACTIONSTATUS
  05/08/2012Reichhold Industries, Inc.Company$194 millionExchange offerClosed
  03/30/2012First Capital, LLCCompany$100 millionTender offer and consent solicitation for high yield notesClosed
  03/30/2012Syncora Guarantee (U.K.) LimitedCompanyUndisclosedCommutation of certain financial guarantee insurance policiesClosed
  02/06/2012Reliance RailSyncora Guaranty and Financial Guaranty Insurance Company UKA$2.5 billionRecapitalization and restructuringClosed
  01/24/2012Quiznos (QCE Holding LLC)Company$1.0 billionRestructuringClosed
  12/01/2011I-Med NetworkSenior Lender Syndicate$987 millionRecapitalization and restructuringClosed
  11/30/2011Stuyvesant Town-Peter Cooper Village Tenants AssociationBoard of DirectorsUndisclosedAcquisition of Stuyvesant Town-Peter Cooper Village ComplexPending
  11/03/2011The Yucaipa Companies, LLCCompany$490 millionDebt and equity investmentClosed
  10/27/2011Innkeepers USA TrustCompany$1.4 billionChapter 11 ReorganizationClosed
  09/13/2011Harry & David Holdings, Inc.Ad Hoc Committee of Noteholders$290 millionChapter 11 ReorganizationClosed
  09/02/2011Fiddler’s Creek, LLCCompany$280 millionRestructuringClosed
  08/26/2011Horizon Lines, Inc.Company$653 millionRecapitalizationClosed
  08/24/2011NakheelGovernment of Dubai$23.7 billionRestructuringClosed
  08/08/2011Centro Properties GroupCompanyA$5.0 billion merger;
A$4.3 billion restructuring
Merger of Australian interests and debt restructuringClosed
  07/27/2011BlueLinx Holdings, Inc.Company$60 millionCommon stock offeringClosed
  04/24/2011Appleseed’s Intermediate Holdings LLC ("Orchard Brands")Company$725 millionChapter 11 ReorganizationClosed
  03/23/2011Dubai WorldGovernment of Dubai$24.9 billionRestructuringClosed
  02/28/2011Centro Properties GroupCompany$9.4 billionSale of U.S. assets and platform to BRE Retail Holdings, LLC, an affiliate of Blackstone Real Estate Partners VI, LPClosed
  02/06/2011Inn of the Mountain Gods Resort and CasinoAd Hoc Noteholder Committee$200 millionExchange offerClosed
  01/23/2011FairPoint Communications, Inc.Ad Hoc Committee of Senior Noteholders$2.8 billionChapter 11 ReorganizationClosed
  01/13/2011City Center Holdings, LLCCompany$2.0 billionRecapitalizationClosed
  12/21/2010American Media, Inc.Company$878 millionChapter 11 ReorganizationClosed
  12/19/2010Metro-Goldwyn-Mayer Inc.Company$5.0 billionChapter 11 ReorganizationClosed
  12/15/2010Wind Hellas Telecommunications S.A.Ad Hoc Committee of Senior Secured Noteholders€1.9 billionRestructuringClosed
  12/09/2010European Directories S.A.Senior Coordinating Committee€2.3 billion ReorganizationClosed
  12/09/2010Alinta Energy GroupConsortium of Senior LendersA$2.8 billion RestructuringClosed
  12/09/2010R.J. O’Brien & AssociatesThe O'Brien FamilyUndisclosedInvestment in R.J. O'Brien AssociatesClosed
  11/23/2010Radio One, Inc.Ad Hoc Group of Noteholders$296 millionExchange offerClosed
  11/18/2010Penhall CompanyCenterbridge Partners L.P.$291 millionRecapitalizationClosed
  11/09/2010Chemtura CorporationAd Hoc Committee of Bondholders$2.7 billionChapter 11 ReorganizationClosed
  10/20/2010General Growth Properties, IncAd Hoc Committee of Exchangeable Senior Noteholders$27.3 billionChapter 11 ReorganizationClosed
  09/19/2010Almatis GmbHCompany$1.0 billionChapter 11 ReorganizationClosed
  09/15/2010Gateway Casinos & EntertainmentCompany$1.2 billionRecapitalizationClosed
  09/01/2010Istithmar WorldCompany$232 millionRestructuring and sale of the W New York – Union SquareClosed
  07/28/2010Neenah Enterprises, Inc.Ad Hoc Group of Senior Secured Noteholders$380 millionChapter 11 ReorganizationClosed
  06/29/2010Greektown Casino, LLCCompany$880 millionRestructuringClosed
  05/31/2010Aleris International, Inc.Company$2.7 billionChapter 11 ReorganizationClosed
  05/09/2010Canwest L.P.Investor GroupC$1.1billion Acquisition of substantially all of the assets of Canwest L.P.Closed
  05/02/2010Beazer Homes USA, Inc.Company$448 millionPublic offering of common stock, tangible equity units and senior unsecured notesClosed
  04/29/2010LyondellBasellAd Hoc Group of Senior Secured First Lien Lenders$24.0 billionChapter 11 ReorganizationClosed
  04/29/2010Jackson Hewitt Tax Service Inc.Company$400 millionCredit facility amendmentClosed
  04/27/2010Atrium Companies, Inc.Company$682 millionChapter 11 Reorganization consummated through sale of the company to Golden Gate Capital and Kenner & CompanyClosed
  02/28/2010Affinity Group, Inc.Company$166 millionFirst lien senior secured financingClosed
  02/23/2010Fleet Street Finance Two P.L.C.Ad Hoc Steering Committee of CMBS Noteholders€1.1 billion RestructuringClosed
  02/22/2010YRC Worldwide, Inc.Company$70 millionPrivate placement of senior unsecured convertible notesClosed
  02/17/2010Fontainebleau Las Vegas LLCCompany$2.2 billionChapter 11 Reorganization and 363 sale of Las Vegas assets to Icahn Nevada Gaming AcquisitionClosed
  01/31/2010Muzak, LLCCompany$461 millionChapter 11 ReorganizationClosed
  01/19/2010Simmons Bedding CompanyAgent and Steering Committee of Senior Secured Lenders$1.3 billionChapter 11 ReorganizationClosed
  01/05/2010Beazer Homes USA, Inc.Company$103 million Common Stock, $58 million Mandatory Convertible NotesCommon stock and mandatory convertible notes offeringClosed
  01/03/2010International Aluminum CorporationCompany$169 millionChapter 11 ReorganizationClosed
  12/30/2009Idearc Inc.Company$9.8 billionChapter 11 ReorganizationClosed
  12/30/2009YRC Worldwide, Inc.Company$470 millionExchange offerClosed
  12/27/2009Pilgrim's Pride CorporationOfficial Committee of Unsecured Creditors$2.2 billionChapter 11 ReorganizationClosed
  12/20/2009Ion Media Networks, Inc.Company$2.7 billionChapter 11 ReorganizationClosed
  12/14/2009Fairmont Raffles Hotels InternationalCompany$1.3 billionCredit facility amendmentClosed
  12/10/2009Nortek, Inc.Ad Hoc Committee of Bondholders$1.8 billionChapter 11 ReorganizationClosed
  11/26/2009Wind Hellas Telecommunications S.A.Ad Hoc Committee of Senior Secured Noteholders€3.3 billion RestructuringClosed
  11/23/2009Olson Urban Housing LLCCompanyUndisclosedRestructuringClosed
  11/04/2009Lear CorporationAd Hoc Committee of Senior Unsecured Noteholders$3.6 billionChapter 11 ReorganizationClosed
  10/26/2009Tinnerman Palnut Engineered Products, Inc.CompanyUndisclosedSale to A. Raymond Et CieClosed
  10/22/2009Builders FirstSource, Inc.Special Committee$205 million Rights Offering, $275 million Exchange OfferRights offering and exchange offerClosed
  10/19/2009William Lyon Homes, Inc.Company$206 million; Senior Secured Term Loan; $73 million Senior Notes RepurchaseSenior secured term loan and senior notes repurchaseClosed
  10/14/2009Dayton Superior CorporationCompany$375 millionChapter 11 ReorganizationClosed
  10/07/2009Sinclair Broadcasting Group, IncAd Hoc Committee of Bondholders$373 millionCash tender offerClosed
  10/06/2009Delphi Automotive LLPOfficial Committee of Unsecured Creditors$22.2 billionChapter 11 ReorganizationClosed
  09/21/2009Galileo Japan Funds Management LimitedResponsible entity of Galileo Japan Trust¥58.9 billion Refinancing and restructuring of senior debt, mezzanine and derivative facilitiesClosed
  09/02/2009Beazer Homes USA, Inc.Company$250 millionSenior notes offeringClosed
  08/16/2009The Reader's Digest Association, Inc.Steering Committee of Secured Lenders$2.3 billionChapter 11 ReorganziationClosed
  08/11/2009YORK LabelCompany$190 millionSenior secured credit facilities amendmentClosed
  08/04/2009Caraustar Industries Inc.Ad Hoc Group of Senior Noteholders$219 millionChapter 11 ReorganizationClosed
  08/02/2009Clear Channel Communications, Inc.Company$412 millionCash tender offer of bondsClosed
  07/12/2009New Vision Television, Inc.Company$409 millionChapter 11 ReorganizationClosed
  06/14/2009Tropicana Atlantic City Casino and ResortTrustee and Conservator$200 millionSale to lender group led by IcahnClosed
  05/31/2009J.G. WentworthCompany$370 millionChapter 11 ReorganizationClosed
  05/27/2009Source Interlink Companies, Inc.Company$1.6 billionChapter 11 ReorganizationClosed
  05/27/2009Hartmarx Corp.CompanyUndisclosed363 SaleClosed
  05/12/2009Pappas Telecasting CompaniesCompany$264 million363 SaleClosed
  05/04/2009Sonic Automotive, Inc.Company$1.3 billion Credit Facility and Waiver; $105 million Exchange OfferCredit facility and waiver and exchange offerClosed
  04/28/2009MGM CityCenterDubai World$8.5 billionRestructuring of CityCenter projectClosed
  04/27/2009Quality Distribution Inc.Company$218 millionExchange offerClosed
  03/02/2009Westwood One, Inc.Company$316 millionRecapitalizationClosed
  02/11/2009Aleris International, Inc.Company$500 million New Money DIP Loan; $575 million ABL DIP FacilityDIP facilityClosed
  01/27/2009Motor Coach Industries International, Inc.Second Lien Agent$463 millionChapter 11 ReorganizationClosed
  01/12/2009Ashton Woods HomesCompany$125 million Exchange Offer, $95 million Revolving Credit Facility, $20 million Equity InvestmentSenior subordinated debt exchange offer, revolving credit facility and equity investmentClosed
  08/25/2008American Media, Inc.Company$1.1 billionRecapitalizationClosed