Anthology, Inc. — Representation of Anthology, Inc. and 26 of its affiliates (Anthology) in their prearranged Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. Anthology is a leading provider of education technology, serving academic institutions, businesses and governments in more than eighty countries. Anthology entered Chapter 11 with the support of their prepetition lenders following an extensive prepetition marketing process for Anthology’s assets, which culminated in the execution of two asset purchase agreements with stalking horse bidders for the sale of three of Anthology’s four business segments. The prepetition lenders serving as the DIP lenders also entered into a restructuring support agreement with Anthology which provides, among other things, the funding of an approximately $100 million debtor-in-possession financing facility consisting of $50 million of new money and a $50 million “roll-up” of prepetition debt and a reorganization transaction effectuated through a Chapter 11 plan around Anthology’s remaining business segment.
Ruffalo Noel Levitz, LLC — Representation of Ruffalo Noel Levitz, LLC, in connection with a sale transaction with Encoura, LLC for the sale of substantially all of RNL’s assets and the assumption of certain liabilities in the partial satisfaction of the company’s funded debt obligations, followed by commencement of an assignment for the benefit of creditors to facilitate orderly winddown of the RNL’s remaining assets and liabilities.
JOANN Inc. — Representation of JOANN Inc. and certain of its affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. JOANN was a leading national retailer in sewing, fabrics, and arts and crafts headquartered in Hudson, Ohio with approximately 800 stores across the United States. Prior to commencing its Chapter 11 cases, JOANN had approximately $615.7 million in funded debt, across a term loan and asset-based lending facility. Through its Chapter 11 sale process, Joann sold its assets to GA Joann Retail Partnership LLC, an entity formed by Great American and the company’s prepetition term lenders, and the proceeds of which were used to pay off the company's prepetition ABL and FILO facilities and a $105 million credit bid of the prepetition term loan facility. Joann confirmed its consensual Chapter 11 plan on July 10, 2025, which went effective on July 16, 2025.
Sonder Holdings Inc. — Representation of Sonder Holdings Inc. and its subsidiaries (Sonder), a global brand of premium, design-forward apartments and intimate boutique hotels, in a transformational out-of-court restructuring, consisting of approximately $146 million of incremental liquidity, including an approximately $43 million preferred equity capital raise. These transactions executed contemporaneously with a strategic long-term licensing agreement with Marriott International, Inc. and provided access to significant new money investments, strengthening Sonder’s financial and liquidity position.
Express, Inc. — Representation of Express, Inc. and certain of its affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. Express is a forty-year old iconic fashion brand headquartered in Columbus, Ohio with 600 stores across the United States and partnerships spanning the globe. In addition to the Express brand, the Bonobos and UpWest retail banners are included in the Chapter 11 cases. Express is a publicly traded company with over $1 billion of liabilities as of the petition date.
Whittaker, Clark & Daniels, Inc. — Representation of Whittaker, Clark & Daniels, Inc. and its debtor affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court for the District of New Jersey. Whittaker was a leading producer of talc and other industrial compounds. Whittaker filed its Chapter 11 cases with the goal of equitably and efficiently resolve all valid current and future tort claims asserted against Whittaker and its debtor affiliates.
SmileDirectClub, Inc. — Representation of SmileDirectClub, Inc. and eight of its affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas. SmileDirect is an industry leader in telehealth-driven clear aligner therapy with approximately $900 million in funded debt. Through its Chapter 11 cases, the Company obtained access to up to $80 million of debtor-in-possession financing and will seek to implement a going concern transaction following a comprehensive marketing process.
Venator Materials PLC — Representation of Venator Materials PLC and its affiliates (together, “Venator”) in their prepackaged Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. Venator, which is an NYSE-listed Public Limited Company organized under the laws of England and Wales, is a global manufacturer of pigments and additives that bring color, vibrancy, and a sustainable finish to a variety of objects and for a variety of uses and has over $1.1 billion in total funded debt obligations. Venator filed for Chapter 11 with a restructuring support agreement supported by holders of 94% in principal of its total funded debt obligations and $275 million in new-money postpetition DIP financing. Venator’s Chapter 11 plan was confirmed approximately 70 days after the filing.