Paul Gunther

1 month ago | ionanalytics.com | Paul Gunther |Nick Parker |Ben Miller

Solar company Sunnova Energy has beamed a steady stream of negative news since early March. First, the company issued a going concern warning in its 2024 10K. Only a week later, the company announced that longtime CEO and co-founder John Berger had stepped down and was being replaced by the company’s Chief Operating Officer. Next, it was reported that the strategic options being explored by the company include a bankruptcy filing.

1 month ago | ionanalytics.com | Lucy Monteiro |Mariana Santibanez |Shirley Williams |Paul Gunther

Telefonica del Peru filed a voluntary restructuring proceeding before the National Institute for the Defense of Competition and Protection of Intellectual Property (INDECOPI) on 24 February, according to court documents.

Jan 14, 2025 | ionanalytics.com | Taylor Harrison |Paul Gunther |Seth Crystall |Rahul Dhapare

Prospect Medical Holdings, a healthcare services provider that owns several hospitals, has entered bankruptcy protection to pursue selling off its assets, armed with two debtor-in-possession (DIP) financing facilities. Of the two DIP facilities, one is an ABL loan from prepetition lender eCapital Healthcare Corp, which includes both USD 90m in new money and a “creeping” dollar-for-dollar roll-up of prepetition debt.

Jul 1, 2024 | ionanalytics.com | Kennedy Rose |Paul Gunther |Jayjeet Sharma |Ben Miller

Chicken Soup for the Soul Entertainment Inc (CSSE) and 21 debtor affiliates filed for Chapter 11 bankruptcy protection on Friday (28 June) backed by a USD 20m debtor-in-possession financing facility, as the debtors face sharp opposition to certain first day relief. In the days since filing, certain of CSSE’s first day motions picked up opposition from parties including secured creditor MidCap Financial Trust, Cedar Advance and administrative and collateral agent HPS Partners LLC.

Apr 26, 2024 | ionanalytics.com | Paul Gunther |Jayjeet Sharma |Kennedy Rose |Lucy Chapman

Early this week, fashion retailer Express Inc entered Chapter 11 to run a process to sell its assets in bankruptcy and to close underperforming stores. The store closing sales will be run by Hilco Merchant Resources. The company filed a bid procedures motion that eyes a 5 June action if the company receives offers for a going concern sale.