New Chapter 11 Filing - Nine West Holdings Inc.
Nine West Holdings Inc.
April 6, 2018
Nine West Holdings Inc., the well-known footwear retailer, has finally filed for bankruptcy. The company will sell its Nine West and Bandolino brands to Authentic Brands Group and reorganize around its One Jeanswear Group, The Jewelry Group, the Kasper Group, and Anne Klein business segments. The company has a restructuring support agreement in hand to support this dual-process.
Jurisdiction: S.D. of New York (Judge Chapman)
Capital Structure: See below.
Company Professionals:
Legal: Kirkland & Ellis LLP (James Sprayragen, James Stempel, Joseph Graham, Angela Snell, Anna Rotman, Jamie Aycock, Justin Alphonse Mercurio, Alyssa Russell)
Financial Advisor: Alvarez & Marsal North America LLC (Ralph Schipani III, Julie Hertzberg, Holden Bixler, Amy Lee, Richard Niemerg, Theodore Langer, Stuart Loop, Thomas Koch, Michael Dvorak)
Legal: Milbank Tweed Hadley & McCloy LLP (Dennis Dunne, Andrew Leblanc, Alexander Lees)
Investment Banker: Lazard Freres & Co. LLC (David Kurtz, Ari Lefkovits, David Hales, Mike Weitz, Nikhil Angelo, Okan Kender, Abigail Gay, Drew Deaton) & Consensus Advisory Services LLC
Authorized Officers: Stefan Kaluzny, Peter Morrow, Harvey Tepner, Alan Miller
Legal to the Authorized Officers: Munger Tolles & Olson LLP (Seth Goldman, Kevin Allred, Thomas Walper)
Financial Advisor to the Authorized Officers: Berkeley Research Group LLC (Jay Borow)
Claims Agent: Prime Clerk LLC (*click on company name above for free docket access)
Other Parties in Interest:
Stalking Horse Bidder/Buyer: Authentic Brands Group
Legal: DLA Piper LLP (Richard Chesley, Ann Lawrence, Rachel Ehrlich Albanese)
Prepetition ABL and FILO Agent: Wells Fargo NA
Legal: Morgan Lewis & Bockius LLP (Matthew Ziegler, Julia Frost-Davies, Amelia Joiner)
Administrative Agent for the prepetition secured and unsecured Term Loan Facilities: Morgan Stanley Senior Funding Inc.
Indenture Trustee for 3 series of Unsecured Notes: US Bank NA
Legal: White & Case LLP (J. Christopher Shore, Philip Abelson) & Seward & Kissel LLP (John Ashmead, Arlene Alves)
Ad Hoc Group of Secured Lenders (Farmstead Capital Management LLC, KKR Credit Advisors (US) LLC)
Legal: Davis Polk & Wardwell LLP (Marshall Huebner, Darren Klein, Adam Shpeen)
Financial Advisor: Ducera Partners LLC
Ad Hoc Group of Crossover Lenders (Alden Global Capital LLC, Carlson Capital LP, CVC Credit Partners LLC, Silvermine Capital Management LLC, Trimaran Advisors)
Legal: King & Spalding LLP (Michael Rupe, Jeffrey Pawlitz, Michael Handler, Bradley Giordano)
Financial Advisor: Guggenheim Securities LLC
Brigade Capital Management, LP
Legal: Kramer Levin Naftalis & Frankel LLP (Douglas Mannel, Rachael Ringer)
Financial Advisor: Moelis & Company
Ad Hoc Group of 2019 Unsecured Noteholders (Whitebox Advisors LLC, Scoggin Management LP, Old Bellows Partners LP, Wazee Street Opportunities Fund IV)
Legal: Willkie Farr & Gallagher LLP (Rachel Strickland)
Ad Hoc Group of 2034 Unsecured Noteholders
Legal: Jones Day
Financial Advisor: Houlihan Lokey
Administrative Agent for $247.5mm DIP ABL Facility
Administrative Agent for $50mm DIP TL Facility
Sponsor: Sycamore Partners LP
Legal: Proskauer Rose LLP (Mark Thomas, Peter Young, Michael Mervis, Jared Zajac, Chantel Febus, Alyse Stach)
KKR Asset Management
Legal: Milbank Tweed Hadley & McCloy LLP (Dennis Dunne, Andrew Leblanc)
Morgan Stanley & Co. LLC and Morgan Stanley Senior Funding Inc.
Legal: Ropes & Gray LLP (Gregg Galardi, Gregg Weiner)
Official Committee of Unsecured Creditors (Aurelius Capital Master Ltd., GLAS Trust Company LLC, PBGC, Simon Property Group, Stella International Trading (Macao Commercial Offshore) Ltd., Surefield Limited, U.S. Bank NA)
Legal: Akin Gump Strauss Hauer & Feld LLP (Daniel Golden, David Zensky, Deborah Newman, Arik Preis, Jason Rubin, Anthony Loring, Michael Byun, Patrick Chen)
Legal Conflicts Counsel: Kasowitz Benson Torres LLP (David Rosner, Howard Schub)
Financial Advisor: Protiviti Inc. (Guy Davis, Suzanne Roski, Heather Williams, John Eldred, Justin Koehler, Brian Taylor, Russell Brooks, Matthew Smith, Blake Parker, Lee Slobodien, Omkar Vale, Lok Lam, Sean Sterling) & Province Inc. (Michael Atkinson, Jason Crockett, Eunice Min, Byron Groth)
Investment Banker: Houlihan Lokey Capital Inc. (Saul Burian, Surbhi Gupta, Chris Khoury, Tejas Kullarwar, Matt Ender, Brendan Wu)
Updated 11/3/18 at 6:42 am CT