Global Clean Energy Holdings, Inc. — Representation of Global Clean Energy Holdings, Inc. (GCEH) and 14 of its subsidiaries (“Global Clean”) in their prearranged Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas. Global Clean is a vertically integrated renewable fuels innovator that produces ultra-low carbon renewable fuels. Global Clean entered Chapter 11 to facilitate a debt-for-equity exchange with certain of the company’s key stakeholders, including lenders holding 96% of the company’s funded secured debt, who are supporting the Chapter 11 through a restructuring support agreement and an agreement to provide the company with approximately $200 million in new money debtor-in-possession capital.
MultiPlan Corporation — Representation of MultiPlan Corporation (“MultiPlan”) (NYSE: MPLN), a leading provider of healthcare technology and data solutions, in a comprehensive refinancing of its debt capital structure through a series of exchange transactions. The transactions launched following the execution of a transaction support agreement with certain ad hoc groups of lenders collectively owning approximately 78% of MultiPlan’s outstanding debt. Over 99% of MultiPlan’s debt holders across four tranches of debt, including a revolving credit facility, term loan, and secured, unsecured, and convertible PIK notes, participated in the transactions, which extended maturities on approximately $4.5 billion of funded debt and positioned MultiPlan for more sustainable long-term growth. The exchange transactions were announced on December 24, 2024, and closed on January 30, 2024.
