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.
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.
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.
Nine Energy Service, Inc. — Representation of Nine Energy Service, Inc. and nine of its affiliates (Nine Energy) on its voluntary prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas. Nine Energy is an oilfield services business that supplies well completion solutions for unconventional oil and gas resource extraction and development across North America and abroad. Confirmation of Nine Energy’s plan eliminated over $320 million of funded-debt obligations, left general unsecured creditors unimpaired, and provided the company with access to a new, more flexible asset-based financing facility.
National Resilience — Representation of National Resilience, a leading a North American contract development and manufacturing organization (CDMO), in a comprehensive out-of-court restructuring of certain lease obligations and a corresponding capital raise of $825 million of new money from Oak Hill Advisors and its co-investors. The comprehensive transactions provide National Resilience with capital to pay down existing debt and fund capital expenditures to build out manufacturing capabilities to support its diverse customer base.
