Davis Polk Advises Ad Hoc Lender Group in Connection With Confirmation of Chapter 11 Plan of Reorganization of Philadelphia Energy
March 18, 2020
March 18, 2020
NEW YORK, March 18 -- Davis Polk and Wardwell, a law firm, issued the following news, dated March 14:
Davis Polk is advising an ad hoc group of lenders with total holdings of $607 million, which includes holdings of the debtors' first-lien term loan and debtor-in-possession credit facility, in the chapter 11 restructuring of Philadelphia Energy Solutions Refining and Marketing LLC and certain of its affiliates.
On February 13, 2020, Philadelphia Energy's plan of reorgan . . .
Davis Polk is advising an ad hoc group of lenders with total holdings of $607 million, which includes holdings of the debtors' first-lien term loan and debtor-in-possession credit facility, in the chapter 11 restructuring of Philadelphia Energy Solutions Refining and Marketing LLC and certain of its affiliates.
On February 13, 2020, Philadelphia Energy's plan of reorgan . . .