| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers N > Headlines for Nine West Holdings Inc. > News item |
Nine West: Court orders mediation to resolve Chapter 11 case issues
By Caroline Salls
Pittsburgh, Nov. 9 – Nine West Holdings, Inc. and other case parties were ordered Friday to participate in mediation in an effort to reach a consensual resolution of the company’s Chapter 11 cases, according to a filing with the U.S. Bankruptcy Court for the Southern District of New York.
Judge Shelley C. Chapman said in Friday’s order that the mediation will cover the structure and content of Nine West’s Chapter 11 plan, an equityholders’ settlement, the proper handling of claims against non-released parties, the treatment of estate claims and causes of action, inter-debtor issues and inter-creditor issues.
James Peck has been appointed as the mediator.
The mediation parties will include the Nine West debtors, the official committee of unsecured creditors appointed in the Chapter 11 case, members of an informal group of secured term loan lenders represented by Davis Polk & Wardwell LLP, members of an informal group of crossover lenders represented by King & Spalding LLP, Brigade Capital Management, LP, members of an informal group of noteholders represented by Sidley Austin LLP, members of an informal group of noteholders represented by Willkie Farr & Gallagher LLP, Sycamore Partners Management, LP and its affiliates, as majority indirect equity owner of the Nine West debtors, funds and/or entities advised by or affiliated with KKR Credit Advisors (US) LLC, lender agents Wells Fargo NA and GLAS Trust Co. and indenture trustees U.S. Bank NA and Wilmington Savings Fund Society, FSB, as well as Belk, Inc.
Nine West is a New York-based designer, marketer and wholesaler of apparel, footwear and accessories. The company filed bankruptcy on April 6, 2018 under Chapter 11 case number 18-10947.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.