Devon N. Chenelle

QVC Group, Inc. — Representation of QVC Group, Inc. and its debtor affiliates (QVC) in their Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas. QVC is a leading global live shopping and video commerce company, operating a portfolio of highly recognized brands, including QVC, HSN and Cornerstone. QVC commenced Chapter 11 to implement a comprehensive balance sheet restructuring transaction designed to reduce over $5 billion of its more than $8 billion in total liabilities and position the business for long-term growth. The transaction is supported by a broad consensus across the company’s key stakeholders and is anchored by a comprehensive intercompany settlement that simplifies a complex organizational structure, resolves intercompany claims and facilitates a value-maximizing restructuring. The cases are expected to result in a significantly deleveraged capital structure and enhanced financial flexibility to support QVC continued digital and omnichannel evolution.

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.

Guitar Center, Inc. — Representation of Guitar Center, Inc., the leading retailer of musical instruments, lessons, repairs and rentals in the United States, in a consensual amendment and three-year maturity extension of the company’s $550 million 8.50% first lien senior secured notes. The maturity extension was designed to extend the company’s liquidity runway and provide the time necessary to deliver on its business plan. The transaction was supported by an ad hoc group of more than 70% of Guitar Center, Inc.’s first lien senior secured notes, and holders of over 99% of the first lien senior secured notes ultimately tendered their notes in the exchange.

Renesas Electronics Corporation — Representation of Renesas Electronics Corporation and its affiliate, the largest creditor of Wolfspeed, Inc. (NYSE: WOLF) and its affiliated debtor (Wolfspeed) in Wolfspeed’s prepackaged Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. Renesas is a Tokyo-based global leader in advanced semiconductor solutions, and designs and manufactures a wide range of products, including microcontrollers, microprocessors, analog and power devices, and system-on-chips. Prior to the Chapter 11 filing, Renesas entered into a restructuring support agreement with Wolfspeed and its key lenders for the exchange of, among other things, Renesas’ existing unsecured loan for takeback notes and a significant amount of equity in reorganized Wolfspeed.

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.

Accuride Corporation — Representation of Accuride Corporation and 15 of its debtor affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. Accuride is one of the largest and most diversified manufacturers and suppliers of wheels and wheel end components in the world. Accuride commenced its Chapter 11 cases with approximately $485.6 million in funded debt and commitments from an ad hoc group of prepetition term loan lenders to provide nearly $103 million in debtor-in-possession financing. Accuride and its term loan lenders have also agreed on the framework of a consensual restructuring transaction which will deleverage the company’s balance sheet via an equitization of the lenders’ prepetition debt.