Restructuring & Reorganization
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Date Value Client Description
Jan 2009 €800mm Thule Advised Thule on its €800 million restructuring
Jun 2010 $200mm Thomas Nelson Inc. Advised secured lenders in an out-of-court restructuring
Sep 1999 $612mm The Singer Company NV Blackstone advised on the restructuring of $612 million of debt
Jan 2012 $645mm The Quizno's Corporation Represented the first lien lenders in an out-of-court restructuring
Mar 1999 $1.7bn The Penn Traffic Company Blackstone acted as financial advisor to the company, assisting in the development of a business plan and in the negotiation of a restructuring
Jan 2007 $1.0bn The Pacific Lumber Company Blackstone acted as financial advisor to Palco in its Chapter 11 restructuring
Pending $260mm The Mashantucket Pequot Tribe (Foxwoods Casino) In the context of restructuring of Foxwood's balance sheet, advising MBIA and FSA as bond insurers of approximately $260 million of notes
Dec 2000 $4.7bn The LTV Corporation Blackstone advised in the development of a viable restructuring plan, including negotiating a settlement of a $3 billion pension obligation and the sale of certain steel mills to International Steel Group
Dec 2010 $5.8bn The Goodyear Tire & Rubber Company Acted as on-going financial adviser on assessment of various capital structure, strategic alternatives, including negotiations with unions
Sep 1995 $883mm The Caldor Corporation Blackstone acted as financial advisor to the Company, assisting in the development of a business plan and the negotiation of a restructuring
Feb 2000 $1.8bn The Babcock & Wilcox Company Blackstone acted as financial advisor to the company in its asbestos-related Chapter 11 proceeding and assisted in the negotiation of the plan of reorganization
May 2010 €2.0bn The Ad Hoc Committee of Corral Petroleum Holdings AB Noteholders Corral is the holding company of Preem, Sweden’s largest oil refining and marketing business. Blackstone advised the ad hoc committee of noteholders on the terms of a restructuring
Oct 2012 $2bn TerreStar Corporation Acting as financial advisor to the Company in its restructuring of approximately $2 billion of liabilities
Nov 2007 $250mm Taro Pharmaceuticals Industries Ltd. Blackstone acted as advisor to Taro in considering strategic alternatives to resolve a liquidity crisis that resulted from a legacy of poor financial controls and a convoluted capital structure
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