WYNIT Distribution LLC

• 9/8/17 Recap: Minnesota-based technology wholesaler filed for bankruptcy to pursue a sale process. The company seeks approval of a $15mm DIP credit facility to finance the cases. Major customers include Best Buy, Amazon, Costco, Walmart and Target. Fitbit and Symantec are listed among the companies largest creditors. 
• Jurisdiction: D. of Minnesota
• Capital Structure: $76.7mm RCF (Wells Fargo)    
• Company Professionals:
  • Legal: Stinson Leonard Street LLP (Robert Kugler, Edwin Caldie, Phillip Ashfield, Andrew Glasnovich)
  • Financial Advisor: Conway MacKenzie Inc. (Peter A. Richichi)
  • Claims Agent: JND Corporate Restructuring (click on the case name above for free docket access)
• Other Parties in Interest:
  • Prepetition Lender/DIP Lender: Wells Fargo
    • Legal: Greenberg Traurig LLP (David Kurzweil, John Dyer, DeWitt Perkins) & (local) Lindquist & Vennum LLP (Charles Perkins)
  • Prepetition Creditor: Fitbit Inc.
    • Legal: Akin Gump Strauss Hauer & Feld LLP (Arik Preiss, Deborah Newman, Kevin Zuzolo) & (local) Maslon LLP (Clark Whitmore, Jason Reed)
  • Official Committee of Unsecured Creditors
    • Legal: Lowenstein Sandler LLP (Jeffrey Cohen) & (local) Barnes & Thornburg LLP (Connie Lahn)

Updated 9/21/17