New Filing - Xtera Communications Inc.
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)
- DIP Lender: HIG European Capital Partners
Updated 12/1/16.