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Joele Frank handles Denbury Resources as a Texas court approves its pre-packaged bankruptcy plan to restructure its balance sheet to eliminate $2.1B in debt.
The Plano, TX oil and gas company filed for Chapter 11 due to soft energy prices/demand, negative impact of COVID-19 and heavy debt.
The company focuses on the Gulf Coast and Rocky Mountain regions and specializes in retrieving reserves from mature fields with its carbon dioxide enhanced oil recovery operations.
CEO Chris Kendall expects Denbury to emerge from Chapter 11 in mid-September as a stronger business with significant financial flexibility.
Joele Frank, Wilkinson Brimmer Katcher’s Andrew Siegel, Michael Freitag and Andrew Squire represent Denbury.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
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