Transactions
& Case Studies

Result of filter: 234

Advisory Services: Recapitalization & Restructuring
Industry Coverage: All Industry Coverage
Deal Status: All Deal Status

Muzak, LLC’s Chapter 11 Reorganization

Date Announced:
1/31/2010

client:
Muzak, LLC

Status:
Closed – 1/2010

Value:
$461 million

Simmons Bedding Company’s Chapter 11 Reorganization

Date Announced:
1/19/2010

client:
Agent and Steering Committee of Senior Secured Lenders of Simmons Bedding Company

Status:
Closed – 1/2010

Value:
$1.3 billion

Beazer Homes USA, Inc.’s common stock and mandatory convertible notes offering

Date Announced:
1/5/2010

client:
Beazer Homes USA, Inc.

Status:
Closed – 1/2010

Value:
$103 million Common Stock, $58 million Mandatory Convertible Notes

International Aluminum Corporation’s Chapter 11 Reorganization

Date Announced:
1/3/2010

client:
International Aluminum Corporation

Status:
Closed – 6/2010

Value:
$169 million

Idearc Inc.’s Chapter 11 Reorganization

Date Announced:
12/30/2009

client:
Idearc Inc.

Status:
Closed – 12/2009

Value:
$9.8 billion

YRC Worldwide, Inc.’s exchange offer

Date Announced:
12/30/2009

client:
YRC Worldwide, Inc.

Status:
Closed – 12/2009

Value:
$470 million Read the case study

Trusted advisor to YRC Worldwide Inc.

On December 31, 2009, YRC Worldwide Inc. (“YRC,” Nasdaq: YRCW) completed a $470 million debt-for-equity exchange offer, which resulted in a significantly improved liquidity profile. On February 23, 2010, Moelis & Company executed a private placement of $70 million of 6% Convertible Senior Notes. Proceeds from the issuance were used to satisfy the remaining amounts outstanding on the company’s 8 1/2% Guaranteed Notes due April 15, 2010, with excess proceeds available to be used for general working capital purposes. The two transactions were part of a broad restructuring effort which also included ABS facility, credit facility and union agreement amendments and provided YRC with runway to execute its business plan. Moelis & Company acted as financial advisor, joint lead dealer manager and joint lead placement agent on the transactions and continues to serve as financial advisor on YRC’s broader restructuring efforts.

Pilgrim’s Pride Corporation’s Chapter 11 Reorganization

Date Announced:
12/27/2009

client:
Official Committee of Unsecured Creditors of Pilgrim’s Pride Corporation

Status:
Closed – 12/2009

Value:
$2.2 billion

Ion Media Networks, Inc.’s Chapter 11 Reorganization

Date Announced:
12/20/2009

client:
Ion Media Networks, Inc.

Status:
Closed – 12/2009

Value:
$2.7 billion

Fairmont Raffles Hotels International’s credit facility amendment

Date Announced:
12/14/2009

client:
Fairmont Raffles Hotels International

Status:
Closed – 12/2009

Value:
$1.3 billion

Nortek, Inc. & Chapter 11 Reorganization

Date Announced:
12/10/2009

client:
Ad Hoc Committee of Bondholders of Nortek, Inc.

Status:
Closed – 12/2009

Value:
$1.8 billion

Wind Hellas Telecommunications S.A.’s restructuring

Date Announced:
11/26/2009

client:
Ad Hoc Committee of Senior Secured Noteholders of Wind Hellas Telecommunications S.A.

Status:
Closed – 11/2009

Value:
€3.3 billion

Olson Urban Housing LLC’s restructuring

Date Announced:
11/23/2009

client:
Olson Urban Housing LLC

Status:
Closed – 11/2009

Value:
Undisclosed

Lear Corporation’s Chapter 11 Reorganization

Date Announced:
11/4/2009

client:
Ad Hoc Committee of Senior Unsecured Noteholders of Lear Corporation

Status:
Closed – 11/2009

Value:
$3.6 billion

Tinnerman Palnut Engineered Products, Inc.’s sale to A. Raymond Et Cie

Date Announced:
10/26/2009

client:
Tinnerman Palnut Engineered Products, Inc.

Status:
Closed – 10/2009

Value:
Undisclosed

Builders FirstSource, Inc.’s common stock rights offering and exchange offer

Date Announced:
10/22/2009

client:
Special Committee of Builders FirstSource, Inc.

Status:
Closed – 10/2009

Value:
$205 million Rights Offering, $275 million Exchange Offer

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