News & Insights

Cases & Deals

January 25, 2021

The Imagine Group, LLC Restructures

Today, our clients, an ad hoc group of first lien and second lien lenders to The Imagine Group, LLC (together with its affiliates, the “Company”), comprised of funds managed by Goldman Sachs, Cerberus Capital Management, and Arbour Lane Capital Management (the “Steering Committee”), closed an out-of-court restructuring of the Company, that, among other things, eliminated more than $450 million in debt, infused the Company with new capital and implemented a new ownership structure pursuant to which our clients became the majority owners of the Company.