News & Analysis
Sleep Number's Section 363 Sale →
An expedited asset sale anchored by a $415 million stalking horse bid, financed by a self-priming lender DIP, drawn against $672.5 million in secured debt, with a same-day objection from...
Distressed From the Start: The Simply Interior Homes Chapter 11 →
A carve-out that opened with no cash and largely unsalable inventory entered a lender-controlled liquidation sixteen months later. This report traces how the structure of the transaction relates to the...
GoHealth's Prepackaged Restructuring: A $772 Million Run-Off in Forty Days →
A lender-led change of control converts the funded debt of a former $6.6 billion public company into takeback paper and equity, winding the business down to collect a long-tail commission...