Gymboree Group, Inc.

January 16, 2019

So, uh, THAT didn’t age well.

Let’s be clear here: the Gymboree situation is an unmitigated disaster and, in our view, has not — in the wake of all of the news surrounding Sears Holding Corporation ($SHLDQ) and PG&E Corporation ($PCG) — gotten the attention it deserves. That’s where we come in. Let’s hop in the DeLorean.

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• Jurisdiction: E.D. of Virginia

• Capital Structure: $79.1mm senior secured ABL (Bank of America NA), $44.5mm LOCs under ABL, $89mm TL

• Company Professionals:

  • Legal: Milbank Tweed Hadley & McCloy LLP (Dennis Dunne, Evan Fleck, Michael Price) & (local) Kutak Rock LLP (Michael Condyles, Peter Barrett, Jeremy Williams, Brian Richardson)

  • Independent Directors: Eugene Davis, Scott Vogel

  • Financial Advisor/CRO: Berkeley Research Group LLC (Steven Coulombe)

  • Investment Banker: Stifel Nicolaus & Co. & Miller Buckfire & Co.

  • Claims Agent: Prime Clerk LLC (*click on company name above for free docket access)

• Other Parties in Interest:

  • Gymboree Canada

    • Legal: Norton Rose Fulbright Canada LLP

    • Proposal Trustee: KPMG Inc.

      • Legal: Osler Hoskin & Harcourt LLP

  • ABL Agent: Bank of America NA

    • Legal: Morgan Lewis & Bockius LLP

  • Prepetition Term Loan Agent (Goldman Sachs Specialty Lending Group Inc.) & Term DIP Agent and Term Lender (Special Situations Investing Group Inc.)

    • Legal: King & Spalding (W. Austin Jowers, Christopher Boies, Michael Handler) & (local) McGuireWoods LLP (Dion Hayes, Douglas Foley, Sarah Boehm)