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LBO-Backed Bankruptcies In 2009 [peHUB.com] www.pehub.com Company Date Filed Sponsor(s) Year of Fund(s) Equity Sector Purchase/Dea Invested l Value 1 Interlake January 5, 2009 1 Wynnchurch 2006/$48 Wynnchurch Unavailable Industrial Material Capital Ltd. million Capital machinery and Handling Inc. Partners II LP equipment 2 Blue Tulip January 6, 2009 Highland 2006- HCP VI, 44% Gift Retailer Corp. Capital 2008/Unavaila Highland stake/~$12.21 Partners ble Consumer million Fund 3 Merisant January 10, 2009 Pegasus 2000/$570 Pegasus $51.3 million Food products Worldwide Capital million Partners II LP Inc. Advisors and consortium of co-investors 4 American January 15, 2009 Versa Capital 2008/Unavaila Versa Capital 14.64 million Restaurant Restaurant Management ble Fund II LP Group Inc. 5 Star Tribune January 15, 2009 Avista Capital 2007/$530 Avista Capital $100 million Media Co. Partners million Partners I LP 6 Wall Homes January 17, 2009 Warburg 2005/$50 Warburg Warburg Homebuilding Inc. Pincus and million Pincus Private Pincus owns Jen Partners Equity VIII 73.11% of LP, Jen I LP Wall Home's outstanding common stock and 81.55% of its outstanding preferred stock 7 Von Weise January 21, 2009 Sun Capital 2007/$10 Sun Capital Unavailable Auto Parts (Specialty Partners million Partners V LP Manufacturer. Motors Holding Corp) 8 Edscha February 2, 2009 Carlyle Group 2003/$247.6 Carlyle $180 million Automotive million Europe supplier Partners I LP 9 Bruno's February 5, 2009 Lone Star 2004/$660 Lone Star Unavailable Supermarket Supermarkets Funds million for Fund V LP operator. Bruno's and Bi-Lo, which filed for Ch. 11 on Mar. 23. 10 Fortunoff February 5, 2009 NRDC Equity 2008/$80 Unavailable $10 million Jewelry Group million retailer 11 Fluid Routing February 6, 2009 Sun Capital 2007/Unavaila Sun Capital Unavailable Automotive Solutions Inc. Partners ble Partners IV LP supplier 12 Muzak February 10, 2009 ABRY 1998/ $250 ABRY Unavailable Music Partners LLC Partners LLC million Broadcast Programming Partners III LP 13 Pliant Corp. February 12, 2009 CCMP 2000/Unavaila Unavailable Unavailable Chemicals, Capital ble packaging and Advisors LLC environmental services. 14 Aleris February 13, 2009 TPG 2006/$1.7 TPG Partners $849 million Aerospace International billion, plus V supplier Inc. the assuming of $1.6 billion in debt. 15 Forward February 17, 2009 Emigrant 2006/Unavaila Unavailable $12.72 million Food products Foods LLC Capital Corp. ble 16 Nailite February 17, 2009 Graham 2003/Unavaila Graham Unavailable Building International Partners ble Partners II LP products Inc. Argosy manufacturer. Partners 17 Everything February 27, 2009 Bear Growth 2006/Unavaila BGCP is Unavailable Apparel But Water Capital ble fundless. retailer Partners 18 Regal Jet LLC February 27, 2009 ABS Capital 2006- ABS Capital AIG and Aviation (a unit of Partners 7/Unavailable Partners V LP HSBC services JetDirect) AIG Global Argosy committed Investment Investment $50 million in Group Partners III LP 2006. ABS Argosy AIG Private Capital Partners Equity committed Brantley Portfolio II LP $60 million in Partners AIG Co- 2007. CD Ventures Investment LLC Fund LP HSBC Pte HSBC Private Equity (Asia) Equity Fund Ltd. 19 G.I. Joe's Inc. March 4, 2009 Gryphon 2007Unavaila Gryphon Unavailable Sporting Investors, Inc. ble Partners III LP goods retailer 20 Masonite March 16, 2009 Kohlberg 2005 / $2.7 KKR $551.5 million Residential International Kravis billion. Millennium door Inc. Roberts & Co. Fund manufacturer. 21 Drug Fair March 18, 2009 Sun Capital 2005/Unavaila Sun Capital $5.8 million Pharmacy Group Inc. Partners ble Partners IV, chain LP 22 Indalex March 20, 2009 Sun Capital 2006/$425 Sun Capital Each of the Metals, Aluminum Partners Inc. million Partners III two funds Mining & Solutions LP, Sun invested $50.2 Steel Capital million Partners IV LP 23 MMC March 22, 2009 Brazos Private 2006/Unavaila Unavailable 80% stake for Metals, Precision Equity ble $60 million in Mining & Holdings Partners LLC equity Steel 24 Bi-Lo LLC March 23, 2009 Lone Star 2004/$660 Lone Star Unavailable Supermarket Funds million for Bi- Fund V LP operator. Lo and Bruno's, which filed for Ch. 11 on Feb. 5. 25 F.T. Silfies March 25, 2009 Quantum 2005 Undisclosed Undisclosed Hauler of dry Inc. Equity bulk cement Partners 26 Zohar April 2, 2009 Patriarch 2005/unavaila Unavailable Unavailable Makes Waterworks Partners LLC ble drinking LLC fountains and water coolers. 27 Big 10 Tire April 3, 2009 Sun Capital 2006/Unavaila Sun Capital $6.2 million Tire retailer. Stores Inc. Partners Inc. ble Partners IV LP 28 United April 4, 2009 Wind Point 2004/$275 Wind Point $72 million/ Forest Subcontractor Partners million Partners V, Wind Point Products and s Inc. L.P. took a $125 Building million Materials dividend in 2006. 29 Jane & Co. April 6, 2009 Walnut 2006/The Walnut Undisclosed Beauty LLC Group, Stone firms own Private Equity products Canyon respective Fund LP, Venture stakes of 30%, Stone Canyon Partners, 20% and 18%. Venture Hauser Davis Partners LP, Tyroe Rorie Hauser Davis Tysoe Rorie I 30 Signature April 7, 2009 HIG Capital 2005 Undisclosed Undisclosed Aluminum Aluminum Management manufacturer Inc. 31 Aventine April 7, 2009 Metalmark 2003 Undisclosed $20 million Corn Ethanol Renewable Capital initially, taken Producer Energy (previously a least $133 Holdings Inc. Morgan million in Stanley dividends. Capital Partners) 32 Dayton April 20, 2009 Odyssey 2000 Odyssey As of March Forest Superior Investment Investment 31, Odyssey Products and Corp. Partners LLC Partners Fund, held nearly Building LP 48% of Materials Dayton Superior’s common stock. 33 EuroFresh Inc. April 21, 2009 Bruckmann, 2001/$20 Unavailable Bruckmann A grower of Rosser, million Rosser took a tomatoes and Sherrill & Co., dividend cucumbers. Banc of recap in 2004. America Capital Partners 34 Source April 27, 2009 Yucaipa Cos. 2007$1.2 Unavailable AEC Magazine Interlink Cos. billion Associates publisher LLC owns 48% of shares, Scopia Management owns 9%, and Goldman Sachs Group owns 7.2%. 35 Victor Oolitic April 28, 2009 Audax Group 2005/Undisclo Undisclosed Undisclosed Limestone Stone Co sed provider. 36 Chrysler LLC April 30, 2009 Cerberus 2007/$7.4 Undisclosed Undisclosed Auto maker (Chrysler Capital billion Holdings Management LLC) LP 37 Mark IV April 30, 2009 Sun Capital 2007 Undisclosed Undisclosed Auto Supplier Industries Inc. Partners 38 U.S. Shipping April 30, 2009 Sterling Undisclosed Undisclosed Undisclosed Energy Partners L.P. Investment Services Partners 39 Accredited May 4, 2009 Lone Star 2007 / $296 Undisclosed Undisclosed A provider of Home Lenders Funds million mortgages. Holding Corp. 40 White Energy May 7, 2009 Ares 2006/$272 Ares $99 million Corn Ethanol Inc. Management million Corporate combined, Producer Columbus Opportunities $57 million Nova Fund II from Ares 41 J.G. May 19, 2009 JLL Partners 2005 JLL Partners $125 million Financial Wentworth V LP services. 42 Anchor Blue May 27, 2009 Sun Capital 2003 Sun Capital $12.3 million Apparel Retail Group Partners Inc. Partners III LP retailer Inc. 43 Consolidated May 27, 2009 H.I.G. Capital, 2004/Undisclo Undisclosed HIG provided Mattress Bedding Inc. American sed $22 million in maker. Capital 2008. Strategies American Capital provided $160 million in debt funding for the initial deal. 44 Hawaii May 30, 2009 J.F. lehman & 2005/$237 Undisclosed $80 million Transportation Superferry Co., Norwest million Equity Partners 45 Nukote June 3, 2009 Richmont 2000/ $17 Richmont $21.2 million Seller of print International Capital million Capital to $24.2 cartridges. Inc Partners Partners I LP million 46 Berean June 9, 2009 JMH Capital 2006/Undisclo Undisclosed Undisclosed Retail Christian sed Stores LLC 47 MagnaChip June 12, 2009 Court Square 2004/$828.2 Undisclosed Undisclosed Chip-maker Semiconducto Capital million r LLC Partners, Francisco Partners 48 Extended Stay June 15, 2009 Lightstone 2008/$8 Undisclosed $600 million Hospitality Inc. Group LLC billion 49 Global Safety June 30, 2009 WL Ross & formed in Undisclosed Undisclosed Textile maker Textiles Co. 2004 Holdings LLC 50 CCS Medical July 8, 2009 Warburg formed in Warburg Undisclosed Health Care Inc. Pincus LLC 2005/$630 Pincus Private million Equity IX LP fund 51 RathGibson July 13, 2009 DLJ Merchant 2007/$440 DLJ Merchant Undisclosed Capital Goods Inc. Banking million Banking Partners Partners IV LP 52 Lang Cos. July 17, 2009 Catterton 2003 Catterton The firm Supplier of Partners Partners V LP purchased a calendar and 90% stake. stationeries. 53 Stant Corp. July 28, 2009 HIG Capital 2008 HIG Capital $38 million Makes fuel LLC Partners VII, systems and GarMark other auto Partners II components. 54 Station July 28, 2009 Colony 2007/$8.9 Colony Undisclosed Gaming Casinos Inc. Capital LLC billion Investors company VII/VIII 55 Cooper- August 3, 2009 Cypress 2004/$1.165 GS Capital Undisclosed Automotive Standard Group Partners IV LP Holdings Inc. Goldman Sachs 56 Cygnus August 3, 2009 Abry Partners 2000 / $275 Abry Partners Undisclosed Trade Business million Fund III LP publication Media Inc. 57 SkyPower August 12, 2009 Lehman 2007 Unavailable The firm Renewable Corp. Brothers purchased a Energy Private Equity 50% stake. 58 Reader's August 24, 2009 Ripplewood 2007/$2.4 Ripplewood Ripplewood Magazine Digest Holdings billion Partners II contributed at publisher Association LLC, least $375 Inc. GoldenTree million in Asset equity to the Management, deal. GSO Capital Partners, J. Rothschild Group, Magnetar Capital and Merrill Lynch Capital Corp 59 Freedom September 1, 2009 Blackstone 2004 /$1.7 Blackstone The firms Newspaper Communicati Group LP, billion Communicati acquired a publisher ons Inc. Providence ons Partners I, 40% stake for Equity Providence $460 million Partners Inc. Equity with very little Partners IV debt. 60 Bluewater August 24, 2009 Alta 2003/$7.3 Alta $7.3 million Media and Broadcasting Communicati million Communicati Entertainment LLC ons ons IX LP, Alta Communicati ons IX-B L.P 61 Questex October 5, 2009 Audax Group 2005/$185 Audax Private Undisclosed Media and Media Group million Equity Fund Entertainment LP 62 True Temper October 8, 2009 Gilbert Global 2004 / $342 Undisclosed The company Consumer Sports Inc. Equity million had around Products Partners $140 million in debt at the time of investment. 63 Stallion October 19, 2009 Carlyle Group 2005/$125 Carlyle/Rivers $71 million of Energy and Oilfield million tone Global the original Natural Services Ltd. Energy and investment Resources Power Fund II, has been L.P. funded, plus an additional $20 million. 64 NTK Holdings October 22, 2009 THL Partners 2004/$1.75 Undisclosed THL held a Home Inc. (Nortek) billion 66.48% stake ventilation as of 2007. products. THL recouped its investment through two dividend recaps. 66 Capmark October 25, 2009 Kohlberg 2006 /$1.5 Undisclosed Undisclosed Mortgage Financial Kravis billion in lender. Group Inc. Roberts & Co. cash, $7 Five Mile billion in debt Capital Partners LLC Goldman Sachs Capital Partners 67 Panolam November 4,2009 Genstar 2005/ $345 Sterling The firms Forest Industries Capital LLC million Group invested Products and International Sterling Partners II, approximately Building Inc. Group LP L.P., Genstar $60 million in Materials fund equity. undisclosed 68 Lazy Days ' November 5,2009 Bruckmann 2004 / $206 Bruckmann, The firm Aerospace / R.V. Center Rosser Sherrill million Rosser, Sherill invested at Automotive / Inc. & Co. & Co. II LP least $42 Capital Goods million. / Metal 69 Premium November 12,2009 MatlinPatterso 2006 / $20 Unavailable Unavailable Beef 70 Protein Simmons November 16, 2009 n GlobalH. Thomas million$1.1 2003 / Unavailable $327 million processor. Mattress Bedding Co. Lee Partners billion maker. 71 Taylor- November 18, 2009 Wind Point 2007/$340 Unavailable Unavailable Makes gas Wharton Partners million and liquid International storage units. LLC 72 Heartland December 21, 2009 Wicks Group, 2004 Unavailable Unavailable Newspaper Publications Wachovia publisher Capital Partners 73 Generation December 7th, 2009 Quad-C 2004 Unavailable Unavailable Provider of Brands Management lighting fixtures and ceiling fans 74 Ames Taping December 15th, 2009 Aurora Unavailable Unavailable Unavailable Tool maker. Tools Capital Group, GSC Group and Saybrook Corporate Opportunity Fund Minority Stakes Robbins Bros. March 3, 2009 Weston 2004 Unavailable The firms Engagement Corp. Presidio purchased a ring retailer Dorset Capital 49% stake. Management LLC Milacron Inc. March 11, 2009 Bayside 2007 Unavailable Bayside owns Plastics Capital 57.5% of the processing. company's 6% Series B convertible preferred stock. Fleetwood March 10, 2009 Tennenbaum Unavailable Unavailable Unavailable Prefab homes Enterprises Capital and RV Inc. Partners manufacturing Marathon Asset Management Sportsman's March 21, 2009 Seidler Equity 2008 SEP SWH Seidler Equity Retailer Warehouse Partners Holdings LP owns 25% of the company. Six Flags June 13, 2009 Generation Unavailable Unavailable Unavailable Amusement Partners park Gandi May 28, 2009 TA Associates 2007 Undisclosed Undisclosed Commercial Innovations printing Holdings Accuride Corp October 8, 2009 Sun Capital Undisclosed Sun Capital In 2009 the Truck Partners Securities firm converted component $70 million in maker debt into a 25% stake. GPX October 28, 2009 Sterling 2005 / $40 Sterling The Tire maker. International Investment million. Investment investment Tire Corp. Partners Partners I and gave the firm II a minority stake. Citadel December 20th, 2009 Forstmann 2001/$250 Unavailable The firm Radio Broadcasting Little & Co million owned a broadcasting Corp 28.7% stake. As of November 29, 2009 Source: peHUB and Buyouts research. Assets Liabilities Reasons Updates Cited between $50 between $50 Hurt by weak Approved for million and million and sales and cash 363 sale to $100 million $100 million flow. Macalux Inc. between $1 between $1 Economic The company million and million and downturn hurt received court $10 million $10 million performance. approval to lidquidate 24 stores through Hilco Merchant Resources. $331.1 million $560.70 Beat down by The company million competition has won and too much access to its debt. $20 million DIP loan from Wayzata Investment Partners and is approved for a sale to Macalux $100 milllion $100 million Sales hurt by The company to $500 to $500 recessionary received million million economic approval to conditions. sell to subsidiaries of Versa Capital Management, Pecus ARG Main LLC and Pecus ARG Parallel LLC, for $42.5 million via credit bid. $493.2 million $661.1 million Hurt by drop The company in advertising has exited sales and by bankruptcy. economy. between between $10 Housing The business $500,001 and million and market has obtained $1 million $50 million conditions. court permission to tap its cash collateral and continue business. The company reached an agreement on a creditor dispute in March. up to $50,000 between $10 Slump in The company million and sales. will liquidate. $50 million Unavailable Unavailable Slump in car No update. sales. between $100 between $100 Drop in An affiliate of million and million and consumer C&S $500 million $500 million spending. Wholesale Grocers paid $45.8 million for 31 stores. Hilco Merchant will liquidate 25 of the stores. Unavailable Unavailable Disappointing The auction sales for for the holiday 2008, company's economic assets has pressures on been delayed sales. by a power outage. between $10 between $1 Movement Sun Capital million and million and away from will provide $50 million $10 million SUVs and up to $12 trucks, and million in DIP high raw financing. The material costs company hurt sales plans to sell volume. certain assets to YH America. $0 to $50,000 100 million to Heavy debt The company $500 million load and won court failure to approval to merge with use $20 competitor. million in cash collateral. $688.6 million $1.2 billion Heavy debt The company load and high seeks approval commodity for its exit costs. financing plan. $4.9 billion $4.2 billion Deteriorating The company demand, has won more earnings and than $1 billion liquidity in DIP caused by the financing after recession. arguments between creditors over the terms. $21.3 million $25.4 million Salmonella The company outbreak at its will liquidate. supplier damaged demand for its products. $50 million to $50 million to Hurt by slump The company $100 million $100 million in the housing has sold to market. Premier Exteriors Holdings for $8.65 million. $58 million $35 million Hurt by The company economic sold to conditions. stalking horse bidder D.B. Zwirnfor $12.5 million. $10 million to 100 million to Unavailable JetDirect will $50 million. $500 million. sell itself to a new entity. $100 million $100 million Hurt by Gordon to $500 to $500 economic Brothers and million million conditions Chrystal that is Capital curtailing purchased the consumer company for spending. $61 million. $1.53 billion $2.64 billion Hurt by slide Masonite in debt. in the housing emerged from and bankruptcy construction June 9. markets, and by loss of one of its largest customers in 2007. $50 million to $100 million Hurt by Walgreen paid $100 million to $500 downturn in $54 million to million the economy. acquire 31 of the company's stores. $100 million $100 million Saw a 35% The company to $500 to $500 declined in is set to sell to million. million. demand for its Norwegian products since conglomerate 2006. Orkla , $50 million to $100 million The recession The company $100 million. to $500 caused a 30% won million in drop in sales, permission to debt. combined use its $16.7 with tight million DIP credit markets loan. 500 million 500 million To address The company and $1 billion and $1 billion $360 million won final in two loans approval of its due March 26, DIP loan in 2009. April. $10 million to $10 million to Decrease in The company $50 million $50 million freight volume must file a due to reorgnization recession. plan by July 23. $27.3 million debts of $82.9 Hurt by An affiliate of million competion Patriarch and by fall in Partners has construction asked a judge market. to approve of its purchasing the company for $76.3 million. $35.7 million Debt of $35.7 Hurt by high Sun Capital million. rental rates. Partners has completed its acquisition of Mobile, Ala.- based tire retailer Big 10 Tire Stores Inc. out of bankruptcy. $50 million to debts of $100 Hurt by The company $100 million. million to housing received court $500 million. market approval to downturn. tap its cash collateral with the expectation to emerge from bankruptcy within 90 days. $12 million $17 million The The company's company's sales declined sale to its as retailers stalking horse increasingly bidder, returned its Reborn products. Beauty, for $7.3 million, has been approved. 17.27 million $25.6 million Declining The company aluminum will liquidate. prices. $799.5 million $490.7 million Hurt by The company of debts at declining is exploring year-end. liquidity and offers from margins partly interested due to parties. investment in auction-rate securities. $286 million $413 million Due to tight The company credit has won markets. approval for a DIP loan from GE Capital $50 million $100 million Hurt by a The company and $100 and $500 virus affecting received court million million in tomato approval to debt. products and use cash. by labor shortage that is due to immigration laws. $2.4 billion $1.9 billion Hurt by The decline in company's advertising reorganization revenue that plan has been resulted from approved. the economic downturn. $10 million to $50 million to Decrease in The company $50 million $100 million demand due to received court decline in approval to construction use its cash market. collateral. more than $1 $54.1 billion Slump in the Chrysler has billion auto industry. received approval to sell to Italian carmaker Fiat. Up to $500 Greater than Hurt by Mark IV million. $1 billion weakest in the Industries auto industry. Inc., the soon- to-be former portfolio company of Sun Capital Partners Inc., emerged from Chapter 11 on Nov. 13, 2009. Undisclosed Undisclosed The company The Company cited a expects that it significant will complete drop in its demand and restructuring greater process during competition. the third quarter of 2009. $10 million to $100 million Hurt by trends The company $50 million to $500 in the has asked for million subprime an extention lending on filing its market. assets and liabilities. $100 million $100 million The company The company to $500 to $500 said excess was granted million million supply of access to its ethanol in the cash collateral market has in late May. kept ethanol prices low, resulting in “minimal or non-existent profit margins." $100,000 to $100 million Hurt by The company $500,000 to $500 capital market emerged from million conditions and bankruptcy on high June 8 under borrowing JLL Partners' costs. ownership. $100 million $100 million Citing U.S. Emerged from to $500 to $500 recession that Chapter 11 on million million hurt curtailed Aug. 27, 2009 consumer with Sun spending. Capital reacquiring a majority stake in the retailer. less than $100 million The company The company $50,000 to $500 has run at a will liquidate million loss for more and has than a year. already sold An $8 million many of its offer from assets to E&E Riverside Co. Bedding Co. did not materialize. $100 million $100 million Company The court has to $500 to $500 forced to combined the million million immediately bankruptcy cease all cases for the operations company and after adverse its affiliate, ruling by HSF Hawaii State Holdings. Supreme Court nullified law that allowed company to operate while Environmenta l Impact Study was being completed $86 million $79 million The company The company cited swine flu- has asked a related judge for an shutdowns for extension to its demise. consolidate its subsidiaries. $1 million to $10 million to The company The $10 million $50 million cited a decline company's $2 in sales and million debtor- increase in in-possession debt. loan was approved. Up to $50 More than $1 Recession A fund led by million billion South Korea's KTB Securities Co. Ltd. has acquired MagnaChip and its affiliates. $7.1 billion $7.6 billion The company The company cited liquidity estimates it is crisis as the worth $3.3 reason for billion. filing. Between $100 $100 to $500 Hurt by state The company to $500 million. of the auto reached an million. industry. agreement with a majority of its senior lenders in which the senior lenders would receive 100% of the equity interest and long-term debt in the reorganized GST Group. $100 million $500 million The The company to $500 to $1 billion company's reached a deal million business has that will allow been hurt by it to reduce its reduced debt to about reimbursemen $200 million t rates from from its Medicare. current $522 million. The company received a commitment for $10 million in debtor-in- possession financing. $305.1 million $319.2 million Hurt by The company as of April 30, recession and won 2009. state of the permission to credit borrow as markets. much as $80 million to help fund operations as it restructures. $50 million to $10 million to Cites liquidity The company $100 million $50 million. crisis. estimates its restructuring will require approximately 45 days to complete. $50 million to $50 million to Hurt by HIG Capital $100 million. $100 million. weakness in LLC plans to the auto serve as industry. stalking-horse bidder for the company. Unavailable $5.7 billion Recession. The company's lenders have agreed it can borrow up to $150 million via a revolving credit facility. Greater than Greater than Hurt by drop The company $1 billion $1 billion in U.S. received $175 automobile million in sales. debtor-in- possession financing from Deutsche Bank. $100 million Debt of $100 Hurt by Cygnus to $500 million to advertising emerged from million $500 million sales decline. Chapter 11 on Sept. 21, 2009. Unavailable Unavailable Hurt by the SkyPower said bankruptcy it was seeking filing of to quickly sell principal its assets shareholder through a Lehman court- Brothers approved Private process and Equity. that several potential bidders have expressed interest in a deal. Unavailable $2.2 billion Hurt by Ripplewood economic will relinquish slowdown that ownership to a led to a drop steering in advertising committee led spending. by JPMorgan Chase & Co. The committee also includes Ares Management LLC, Eaton Vance, GE Capital and Regiment Capital. Up to $1 Greater than As a result of Under the billion $1 billion. the decline in terms of a advertising prearranged revenue. reorganization plan, the lenders will take over the company. Less than $10 million to "Unplanned The company $50,000 $50 million reduction" in avoided advertising foreclosure. revenue that made it difficult to meet its debt obligations. $299 million $321 million Falling Began a sale advertising process while revenues and in bankruptcy debt load. court. $180.5 million $319 million. Hurt by Gilbert declining Global's stake demand in was wiped golf industry, out. related to recession. $500 million $500 million The rise in Unsecured to $1 billion. to $1 billion. natural gas lenders and supply caused noteholders a drop in the will exchange use of land- approximately based drilling $543 million rigs and a in debt for drop in natural 98% of the gas prices. company's equity under a restructuring plan. $1.65 billion $2.77 billion Residential The lenders housing crisis will gain led to declines control of the in business, company. combined with debt load. $20.1 billion, $21 billion, as Hurt by the The chapter as of June 30, of June 30, state of the 11 filing 2009. 2009. real estate wipes out the sector and its firms' 70% debt load. stake. $401.6 million $debt of Hurt by Apollo $447.5 decline in Management million. construction and Eaton activity. Vance have invested in the company to reduce its debt. $100 million $100 million Cites Upon to $500 to $500 recession's emergence million million affect on the from recreation bankruptcy vehicle protection, market. Wayzata Investment Partners becomes the controlling majority shareholder. Undisclosed Undisclosed Weak demand The $900 million $1 billion of for beef. The company'swill Simmons of assets, as of debt, as of company's be sold to Sept 26. Sept 26. sales declined Ares as retailers Management increasingly LLC and a returned its unit of the products. Ontario teacher's Pension Plan. $10 million $100 million Cites The company to $50 to $500 economic received DIP million. million. downturn for financing filing. from GE Capita. Wind Point agreed to invest new equity in the company. $134.3 million $166.2 million Fall in Unavailable advertising revenue due to the economic downturn and growing competition from Internet- based alternatives $500 million $500 million Issues with The company and $1 billion and $1 billion capital will bring in structure. $20 million of new equity from Quad-C. Parent Parent Prepacked The company company Axia company Axia balance sheet agreed to sell Inc lists $100 Inc lists $100 restructuring. itself to million to million to existing $500 million $500 million investors. $50 million to $50 million to The recession The company $100 million $100 million has caused a has selected decline in Weston demand for Presidio and the company's Spence discretionary Diamonds as high-end lead bidders. items. $500 million $500 million Credit crisis The company to $1 billion to $1 billion and emerged from deteriorating bankruptcy on global August 24. economy forced filing. $560 million $623 million Hurt by fuel The company prices and raised an $80 economic million DIP recession. loan. $436.4 $452.1 Hurt by drop The company million, as of million, as of in sale sthat has closed 23 Dec. 31, 2008. Dec. 31, 2008. reflects locations. economic slowdown. Unavailable $2.4 billion Unavailable The company's bankruptcy plan will deleverage of the company’s balance sheet by $1.8 billion $10 million to more than $50 Global The company $50 million million economic filed for downturn Chapter 15, which is similar to Chapter 11 for Canada. $47.6 million $628.4 million The company Secured a $50 wanted to million DIP restructure its loan from balance sheet. senior lenders. $100 million $100 million Cites the U.S. Alliance Tire to $500 to $500 Commerce Corp will million million Department's acquire GPX’s move to levy U.S. 44 percent operations. antidumping duties against the company's manufacturing plant in China. $1.4 billion $2.5 billion. Heavy debt The company load, reached an downturn in agreement radio industry. with lenders to access about $36 million of cash on hand.
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