Xtera Communications Inc.

• 11/15/16 Recap: Texas-based publicly-traded provider of high-capacity optical transport systems for telecom service providers filed for bankruptcy with intent to sell the company to Neptune Bidco, as DIP Lender and stalking horse bidder (DIP = $7.4mm, Bid = $10mm inclusive of DIP amount).
• Jurisdiction: D. of Delaware
• Capital Structure: $8.2mm debt (Square 1 Bank), $10mm TL-A & $2mm TL-B (Horizon Technology Finance Corporation)     
• Company Professionals:
  • Legal: DLA Piper LLP (Thomas Califano, Jamila Willis, Stuart Brown, Maris Kandestin)
  • Investment Banker: Cowen & Company (Lorie Beers)
  • Claims Agent: Epiq Bankruptcy Solutions LLC (*click on company name for docket)
• Other Parties in Interest:
  • DIP Lender: HIG European Capital Partners
    • Legal: Allen & Overy LLP (Joseph Badtke-Berkow, Daniel Guyder)
  • Horizon Technology Finance Corporation
    • Legal: K&L Gates LLP (A. Lee Hogewood, Steven Caponi, Charles A. Dale III, Margaret Westbrook)
  • Wilmington Trust
    • Legal: Kaye Scholer LLP (Seth Kleinman, Michael Messersmith, Sarah Gryll) & (local) Morris Nichols (Andrew Roth-Moore, Curtis Miller)
  • Unsecured Creditors Committee
    • Legal: Lowenstein Sandler LLP (David Banker) & (local) Bayard PA (Justin Alberto)
    • Financial Advisor: BDO USA LLP (David Berliner)

Updated 12/1/16.