Herbert Smith Freehills Kramer Advises Leading Branded Foods Producer And Distributor Del Monte Foods On Strategic Chapter 11 Proceedings And Sale Process
Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
Leading global law firm Herbert Smith Freehills Kramer is advising Del Monte Foods Corporation II Inc. (Del Monte Foods), one of the US's largest producers, distributors and marketers of premium quality.
United Kingdom
Leading global law firm Herbert Smith Freehills Kramer is
advising Del Monte Foods Corporation II Inc. (Del Monte Foods), one
of the US's largest producers, distributors and marketers of
premium quality, branded food products, on its value-maximizing
sale process as part of an overall strategic restructuring,
announced this week and filed in US Bankruptcy Court for the
District of New Jersey.
Del Monte Foods and certain of its affiliates and subsidiaries
commenced voluntary Chapter 11 proceedings and entered into a
restructuring support agreement with a group of its lenders holding
certain of the Company’s term loan indebtedness.
Del Monte Foods secured a commitment for US$912.5 million in
debtor-in-possession financing, inclusive of US$165 million in new
funding, from certain of its existing lenders, subject to the
Court's approval.
The Herbert Smith Freehills Kramer restructuring team was led by
partner and US head of Turnaround and Board Advisory Adam C. Rogoff
and partner and US Head of Distressed Investing Rachael Ringer,
supported by associates Megan Wasson and Ashland Bernard and
members of the US Corporate, Litigation and Finance teams.
Contributor
Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
