Cineworld Group plc — Representing Cineworld Group plc and 104 of its debtor affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas. Publicly traded on the London Stock Exchange, Cineworld, the parent company of Regal Entertainment Group, is the second-largest cinema chain in the world, operating over 9,100 screens at nearly 750 cinemas in 10 countries worldwide. Cineworld commenced its Chapter 11 cases with approximately $5.1 billion in funded debt and commitments from an ad hoc group of prepetition lenders to provide nearly $2 billion in debtor-in-possession financing.
STX Filmworks, Inc. — Represented STX Filmworks, Inc. and its subsidiaries (“STX”), a film, television, and digital media production company, and STX’s corporate parent, Eros STX Global Corporation, in the stock sale of STX to an affiliate of The Najafi Companies for $158 million. In furtherance of the sale, Kirkland also represented two STX subsidiaries in connection with their surgical Chapter 11 filings to protect two of the company’s valuable assets from termination and avoid a “whole-company” Chapter 11 filing. Following the sale transaction, the two STX subsidiaries secured the orderly dismissal of their Chapter 11 cases with the consensual support of all economic stakeholders.
Nordic Aviation Capital — Represented Nordic Aviation Capital Designated Activity Company and its subsidiaries in connection with their prearranged Chapter 11 cases in the U.S. Bankruptcy Court for the Eastern District of Virginia. NAC, an Irish company, is the largest regional aircraft lessor in the world with more than 475 aircraft. With over $7.7 billion of liabilities, NAC was the largest Chapter 11 filing in 2021.
HighPoint Resources Corporation — Represented HighPoint Resources Corporation and its subsidiaries (NYSE: HPR) in their prepackaged Chapter 11 cases in Delaware. HighPoint is a leading exploration and production company with assets in the Denver-Julesburg Basin in Colorado. HighPoint obtained confirmation of its Chapter 11 plan within 4 days of the Petition Date. The Chapter 11 plan implements a merger with Bonanza Creek Energy, Inc. (NYSE: BCEI) while equitizing approximately $625 million of funded debt. Holders of general unsecured claims are unimpaired and existing equity will receive a recovery.
Blackstone Inc. final close of Blackstone Capital Opportunities Fund IV with total capital commitments of $7 billion (COF IV).
