Nicklaus Companies — Representation of PMP Nick LLC, the largest prepetition lender and debtor-in-possession (DIP) financing lender in the Nicklaus Companies Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. The Nicklaus businesses include golf course design, the development of golf and real estate communities, and the marketing and licensing of lifestyle products under the Jack Nicklaus and Golden Bear brands. The transaction provided for the full repayment of PMP Nick’s DIP financing and facilitated a global resolution of litigation and related claims.
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.
