BayMark Health Services, Inc. — Representation of BayMark Health Services, Inc. and over 100 of its affiliates (BayMark) in a comprehensive and fully consensual out-of-court restructuring that deleveraged its balance sheet obligations by approximately $466 million and provided new-money financing. BayMark is a leader in addiction treatment and counseling services with over 70,000 patients treated daily for opioid, alcohol and other use disorders across the United States and Canada. The fully consensual restructuring transaction transitioned ownership to BayMark’s lenders and ensures that patient care is undisrupted.
STG Logistics, Inc. — Representation of STG Logistics, Inc. and 64 of its affiliates in their prearranged Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of New Jersey. STG is one of North America’s largest providers of integrated port-to-door services and supply chain solutions for cargo owners and logistics providers, including intermodal transportation, drayage, transloading, warehousing, and over-the-road and less-than-truckload solutions. STG filed for Chapter 11 protection in January 2025 with over $1.1 billion in funded debt. With the support of over 89% of its funded debt lenders, the company aims to deleverage its balance sheet through either an equitization of funded debt or via a sale through an in-court marketing process. STG also obtained commitments from its secured lenders to provide at least $125 million of new money debtor-in-possession financing to fund STG’s Chapter 11 cases and provide critical working capital for STG’s business operations.
