Cosi, Inc.

• 10/1/16 Recap (updated 11/29/16): Fast casual chain seeks expedited asset sale to stalking-horse lenders (who had agreed not to credit bid their debt). Outcome: no competing bid came in and so the company sold to the stalking horse bidder for $10mm, including, in the end, a credit bid, after all. 
• Capital Structure: $31.2mm debt     
• Company Professionals:
  • Legal: Mirick O'Connell DeMallie & Lougee (Joe Baldiga)
  • Financial Advisor: The O'Connor Group (Edward Schatz)
• Other Parties in Interest:
  • UCC:
    • Legal: Nixon Peabody LLP (Lee Harrington, Christopher Desiderio, Christopher Fong)
    • Financial Advisor: Deloitte Financial Advisory Services LLP (John Doyle)
  • Lenders:
    • Legal: Brown Rudnick LLP (William Baldiga) & Vinson & Elkins LLP (Steven Abramowitz).  
  • JPMorgan Chase Bank
    • Legal: Morgan Lewis & Bockius LLP (Andrew Gallo, Christopher Carter)