Ascend Performance Materials Holdings Inc. — Representation of Ascend Performance Material Holdings Inc., and certain of its subsidiaries (Ascend) in their Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. Ascend is one of the largest, fully integrated producers of nylon, a plastic that is used in everyday essentials, like apparel, carpets and tires, and also new technologies, like electric vehicles and solar energy systems. Ascend filed for Chapter 11 protection in April 2025 with approximately $2 billion in funded debt obligations to pursue and implement a comprehensive deleveraging transaction with the support of its key stakeholders. As part of negotiations with existing lenders, Ascend received approval for a debtor-in-possession financing in the amount of approximately $900 million, including $250 million in new-money term loans. The DIP financing will fund Ascend’s Chapter 11 cases and provide crucial working capital for Ascend’s ordinary course operations.
Eddie Bauer LLC — Representation of Eddie Bauer LLC and four of its affiliates (EB Retail) in connection with their prearranged Chapter 11 cases in the United States Bankruptcy Court for the District of New Jersey. EB Retail was the exclusive licensee of the iconic Eddie Bauer brand for brick and mortar retail in the United States and Canada, with 175 stores across 46 U.S. states and six Canadian provinces. Following a court-supervised asset monetization and going-concern sale process, the court confirmed EB Retail’s Chapter 11 plan only 2 1/2 months after EB Retail commenced its Chapter 11 cases. The plan implemented a restructuring support agreement supported by all of its secured lenders, addressed the company’s $1.7 billion capital structure, and facilitated the efficient wind-down of EB Retail’s brick-and-mortar stores.
