New Filing - Northstar Offshore Group
Northstar Offshore Group
- 12/2/16 Recap: The E&P-oriented debtors filed a voluntary case converting an earlier August involuntary filing. The company is tied to the defunct Platinum Partners, which we covered in some detail here and here.
- Jurisdiction: S.D. of Texas
- Capital Structure: $30mm LOCs (First National Bank of Central Texas) & $80mm 12% '19 second lien private notes (ex-interest of $13.7mm)
- Company Professionals:
- Legal: Diamond McCarthy LLP (Kyung Lee, Charles Rubio, Christopher Murphy, Michael Fritz)
- Restructuring Advisor: CR3 Partners (Donald Martin)
- Financial Advisor: M1 Energy Capital Management (Richard Bernardy)
- Investment Banker: Parkman Whaling LLC (Thomas Hensley Jr.)
- Claims Agent: Prime Clerk (*click on company name for docket)
- Other Parties in Interest:
- Sponsor: Platinum Partners
- Legal: Holland & Knight (Robert Jonres, Warren Gluck, Barbra Parlen, Arthur Rosenberg)
- Official Committee of Unsecured Creditors
- Legal: DLA Piper LLP (Vincent Slusher, David Avraham, Adam Lanza, Daniel Simon, Andy Zollinger)
- Financial Advisor: FTI Consulting Inc. (Conor Tully, David Rush, Michael Cordasco, Paul Jordan, James Aharonian, Marili Hellmund-Mora)
- Creditor: Spartan Offshore Drilling LLC
- Legal: Vinson & Elkins LLP (Reese O'Connor)
- DIP Lender: Arena Limited SPV LLC
- Legal: Andrews Kurth Kenyon LLP (Timothy A. Davidson, Joseph Rovira)
- First National Bank of Central Texas
- Legal: Dykema Cox Smith (Deborah Williamson)
- Sponsor: Platinum Partners
Updated 5/18/17