IFLR1000

RCS Capital $1.4 billion Chapter 11 restructuring

26/5/2016
Chapter 11 - US Bankruptcy Code
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$ 1.4 billion

Completed

26/5/2016

Overview:

  • Investment services provider RCS Capital has successfully emerged from Chapter 11 bankruptcy.
  • At the time of filing for Chapter 11 in January 2016, RCS was $1.4 billion in debt. 
  • Barclays Bank acted as administrative agent and lead arranger. 

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Chapter 11 - US Bankruptcy Code

Practice area:

Restructuring

Governing law:

United States

Industry sector:

Investment management

Firms:
Dechert

Party: RCS Capital (Debtor)

Lawyer: Shmuel Vasser

Gibson Dunn & Crutcher

Party: Official Committee of Unsecured Creditors (Ad hoc creditors committee)

Lawyer: David Feldman

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