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1 week ago | 
news.bloomberglaw.com | Reshmi Basu
Various creditor groups to New Fortress Energy have formed as struggles mount for billionaire Wes Edens’ liquefied natural gas company, according to people familiar with the situation. Some term-loan lenders have organized with legal counsel Akin Gump Strauss Hauer & Feld, said the people, who asked not to be identified discussing a private matter. Meanwhile, a group of creditors led by Capital Research Group Inc. is getting advice from Paul Weiss Rifkind Wharton & Garrison, the people said.
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1 week ago | 
bloomberg.com | Reshmi Basu
(Bloomberg) -- Various creditor groups to New Fortress Energy have formed as struggles mount for billionaire Wes Edens’ liquefied natural gas company, according to people familiar with the situation. Some term-loan lenders have organized with legal counsel Akin Gump Strauss Hauer & Feld, said the people, who asked not to be identified discussing a private matter. Meanwhile, a group of creditors led by Capital Research Group Inc.
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1 week ago | 
news.bloomberglaw.com | Reshmi Basu
Dining and entertainment company Pinstripes Inc.is considering filing for bankruptcy as soon as next week, according to people with knowledge of the matter. The company, which operates dining, bowling and bocce ball venues, has been holding confidential talks with its lenders and is being advised by law firm Ropes & Gray, said the people, who asked not to be identified discussing a private matter.
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1 week ago | 
news.bloombergtax.com | Reshmi Basu
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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1 week ago | 
news.bloomberglaw.com | Reshmi Basu
Warner Bros. Discovery Inc. is close to winning support from creditors to overhaul its debt, a key part of a broader reorganization plan that would split the entertainment firm in two separate companies.
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1 week ago | 
bloomberg.com | Reshmi Basu
(Bloomberg) -- Dining and entertainment company Pinstripes Inc. is considering filing for bankruptcy as soon as next week, according to people with knowledge of the matter. The company, which operates dining, bowling and bocce ball venues, has been holding confidential talks with its lenders and is being advised by law firm Ropes & Gray, said the people, who asked not to be identified discussing a private matter.
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1 week ago | 
news.bloomberglaw.com | Reshmi Basu |Eliza Ronalds-Hannon
A Pacific Investment Management Co.-led group holding loans tied to the sale of Neiman Marcus Group has tapped advisers to help ensure they get repaid when the debtcomes due next year. The creditors, who acquired the debt as part of the 2024 sale of Neiman Marcus to Saks parent Hudson’s Bay Co., are working with advisers from Ducera Partners and White & Case, according to people with knowledge of the developments, who asked not to be named discussing private decisions.
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1 week ago | 
bloomberg.com | Reshmi Basu
Signage at the Warner Bros. Discovery headquarters in New York, US, on Thursday, June 12, 2025. Warner Bros. Discovery Inc. is splitting itself in half, unshackling its fast-growing streaming business from the struggling legacy media channels and setting up two independent companies that could pursue deals on their own. Photographer: Victor J. Blue/Bloomberg(Bloomberg) -- Warner Bros. Discovery Inc.
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1 week ago | 
bloomberg.com | Reshmi Basu |Eliza Ronalds-Hannon
A Neiman Marcus store in Garden City, New York, US, on Friday, July 5, 2024. The owner of Saks Fifth Avenue is acquiring Neiman Marcus Group for $2.65 billion, a deal that will unite America's two largest high-end department-store chains in a bid to grab a bigger share of a slowing industry.
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1 week ago | 
medium.com | Reshmi Basu
A solo Indian traveller, an old Egyptian archivist, and two comfort dishes that carry the scent of home – this is a story about food, fate, and the flavours we carry across borders. Prologue: What’s in a Name? Khushi wasn’t looking for meaning. Not that weekend. She had come to Cairo with a suitcase full of corporate suits and a carry-on packed with nostalgia. Three days of meetings were done, her PowerPoint diplomacy sealed.
