January 16, 2019
So, uh, THAT didn’t age well.
Let’s be clear here: the Gymboree situation is an unmitigated disaster and, in our view, has not — in the wake of all of the news surrounding Sears Holding Corporation ($SHLDQ) and PG&E Corporation ($PCG) — gotten the attention it deserves. That’s where we come in. Let’s hop in the DeLorean.
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Jurisdiction: E.D. of Virginia
Capital Structure: $79.1mm senior secured ABL (Bank of America NA), $44.5mm LOCs under ABL, $89mm TL
Legal: Milbank Tweed Hadley & McCloy LLP (Dennis Dunne, Evan Fleck, Michael Price) & (local) Kutak Rock LLP (Michael Condyles, Peter Barrett, Jeremy Williams, Brian Richardson)
Independent Directors: Eugene Davis, Scott Vogel
Financial Advisor/CRO: Berkeley Research Group LLC (Steven Coulombe)
Investment Banker: Stifel Nicolaus & Co. & Miller Buckfire & Co.
Claims Agent: Prime Clerk LLC (*click on company name above for free docket access)
Other Parties in Interest:
Legal: Norton Rose Fulbright Canada LLP
Proposal Trustee: KPMG Inc.
Legal: Osler Hoskin & Harcourt LLP
ABL Agent: Bank of America NA
Legal: Morgan Lewis & Bockius LLP
Prepetition Term Loan Agent (Goldman Sachs Specialty Lending Group Inc.) & Term DIP Agent and Term Lender (Special Situations Investing Group Inc.)
Legal: King & Spalding (W. Austin Jowers, Christopher Boies, Michael Handler) & (local) McGuireWoods LLP (Dion Hayes, Douglas Foley, Sarah Boehm)