GoHealth, Inc. — Representation of GoHealth, Inc. and seven of its affiliates (GoHealth) in their prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. GoHealth is a leading health insurance marketplace and Medicare-focused digital health company that leverages its proprietary technology to assist consumers searching for a Medicare health plan, and certain other insurance products, that meet their individual needs. GoHealth commenced its Chapter 11 cases, with the support of 100% of its prepetition lenders and over 75% of its equityholders in the aggregate, to implement a comprehensive restructuring transaction designed to address over $1 billion in debt obligations. The prepackaged plan will transition ownership to GoHealth's lenders, leave all general unsecured claims unimpaired, reinstate all preferred equity interests and provide a $10 million cash recovery to be distributed pro rata to common stockholders.
QVC Group, Inc. — Representation of QVC Group, Inc. and its debtor affiliates (QVC) in their Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas. QVC is a leading global live shopping and video commerce company, operating a portfolio of highly recognized brands, including QVC, HSN and Cornerstone. QVC commenced Chapter 11 to implement a comprehensive balance sheet restructuring transaction designed to reduce over $5 billion of its more than $8 billion in total liabilities and position the business for long-term growth. The transaction is supported by a broad consensus across the company’s key stakeholders and is anchored by a comprehensive intercompany settlement that simplifies a complex organizational structure, resolves intercompany claims and facilitates a value-maximizing restructuring. The cases are expected to result in a significantly deleveraged capital structure and enhanced financial flexibility to support QVC continued digital and omnichannel evolution.
