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PREIT Commences Chapter 11 Proceedings, Enters RSA with 100% of First and Second Lien Lenders - News

PREIT, a leading operator of diverse retail and experiential destinations, announced it is taking steps to execute a comprehensive reorganization to strengthen its balance sheet, reduce its total indebtedness by approximately $880 million and extend its maturity runway. The reorganization plan (the "Prepackaged Plan") is supported by 100% of...
United States Young Conaway Stargatt Taylor Michael Demarco Houlihan Lokey Josephf Coradino Rosen Katz

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GTT Files for Chapter 11 to Implement Prepackaged Plan - News

GTT Communications, a leading global cloud networking provider to multinational clients, announced that the Company and certain of its direct and indirect subsidiaries have commenced prepackaged chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York to effectuate a deleveraging of GTTโ€™s capital structure. GTTโ€™s...
New York United States Ernie Ortega Akin Gump Strauss Hauer Feld Alvarez Marsal North America Piper Sandler Co

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