Alexander Gallo files bankruptcy, secures $20 million of DIP financing

By Caroline Salls

Pittsburgh, Sept. 7 - Alexander Gallo Holdings, LLC filed Chapter 11 bankruptcy on Sept. 7 in the U.S. Bankruptcy Court for the Southern District of New York.

In connection with the bankruptcy filing, the company has obtained a commitment for $20 million in debtor-in-possession financing from administrative agent Bayside Capital, Inc.

The terms of the DIP financing had not yet been filed Wednesday evening.

According to court documents, Alexander Holdings has $50 million to $100 million in assets and $100 million to $500 million of debt.

The company's largest unsecured creditors are noteholder representative Gallo Holdings, LLC, with a $147.94 million promissory note claim, and Winston Noteholders, LLC, with a $33.03 million promissory note claim.

Peachtree Holdings, Inc. owns 100% of the ownership interests in Alexander Gallo Holdings.

The company is represented by DLA Piper LLP (US).

Based in Atlanta, Alexander Gallo Holdings, LLC is parent company to privately owned court reporting and litigation solutions companies Esquire Solutions and Sanction Solutions. The Chapter 11 case number is 11-14220.

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