Stay updated with breaking news from Affiliated Lender. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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...