Practice Areas - Restructuring and Insolvency Law Firms and Lawyers
| Deal Date: | 09-04-2020 | Practice Area: | Restructuring and Insolvency |
| Deal Title: | Quorum Health Voluntary Petition for Chapter 11 Reorganization | Industry: | Healthcare Equipment & Services |
| Description: |
On April 7, 2020, Quorum Health Corporation filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware. In conjunction with this petition, Quorum Health signed a Restructuring Support Agreement with a majority of its term and revolving loan lenders and noteholders on a "pre-packaged" plan to recapitalize the business and significantly reduce the company's debt. The company also received a commitment of debtor-in-possession financing of USD100 million.
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| Financial Center: | New York | Value: | 0.00-100.00 |
| Advised Party: | Creditors | Law Firm | Cravath |
| United States | United States | ||
| Classification: |
Debt Restructuring |
Lawyer | Paul H Zumbro |
