Grupo Antolin — Representation of Grupo Antolin Irausa, S.A.U., an automotive interior solutions provider, and 35 of its affiliates in connection with the commencement of their Chapter 15 cases in the U.S. Bankruptcy Court for the Southern District of New York. The Chapter 15 proceedings seek to recognize a Spanish restructuring plan supported by a majority of its bank lender group to address approximately €1.25 billion of funded debt, over the objection of their bondholders.
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.
