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.
