California Pizza Kitchen, Inc. — Representing California Pizza Kitchen, Inc. and its affiliates in their prearranged Chapter 11 restructuring in the United States Bankruptcy Court for the Southern District of Texas. CPK is an iconic brand that specializes in California-style pizza with over 200 locations in the U.S. and internationally. CPK’s prearranged plan of reorganization carries broad stakeholder support and contemplates the equitization of the lion’s share of its first lien debt. CPK is seeking to emerge from Chapter 11 in Fall 2020.
APC Automotive Technologies Intermediate Holdings, LLC — Representing APC Automotive Technologies Intermediate Holdings, LLC and its affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. APC is a leading supplier of undercar replacement parts in the automotive aftermarket and the only true full-line underbody supplier for brake, chassis, and exhaust replacement parts. Following entry into a restructuring support agreement with its key stakeholders, APC commenced its Chapter 11 cases with a prepackaged plan of reorganization that will reduce its more than $430 million in indebtedness by $290 million by exchanging its term loan debt for equity.
Neiman Marcus Group LTD LLC — Representing Neiman Marcus Group LTD LLC and 23 of its affiliates in their pre-arranged Chapter 11 cases. Neiman Marcus Group brands include Neiman Marcus, Bergdorf Goodman, Horchow, and Last Call. Neiman Marcus Group employs more than 13,000 people and operates 67 stores, in addition to a substantial e-commerce business. With approximately $5.3 billion in debt, Neiman Marcus Group entered bankruptcy with a Restructuring Support Agreement that carries broad stakeholder support and would slash approximately $4 billion from the company’s balance sheet.
Destination Maternity Corporation — Representing Destination Maternity Corporation and certain of its affiliates, the largest national omni-channel maternity apparel retailer, in their Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware. As of filing, Destination Maternity operated approximately 436 stores in the U.S. and Canada, 423 leased departments in big-box retailer stores, ten international franchise locations, and three e-commerce sites in the U.S. and Canada. The existing lenders in the Chapter 11 cases agreed to provide the company access to liquidity to fund the Chapter 11 cases and support the ongoing marketing process, which contemplates consummating a sale transaction before the end of 2019.
