Affiliated Lender News Today

Background In November 2016, Serta Simmons Bedding, LLC and certain affiliates (collectively, the “Debtors”) entered into credit facilities which provided for (i) $1.95 billion in first...

On June 6, 2023, the Bankruptcy Court for the Southern District of Texas issued a highly anticipated decision permitting Serta Simmons' 2020 "uptiering" transaction under the terms of a 2016...

A recent decision in the Serta Simmons Bedding, LLC (Serta) saga provides valuable insights into the viability of non-pro rata uptier exchange transactions and may embolden minority lenders...