Transactions

The Reader’s Digest Association, Inc.’s floating rate senior secured notes offering

Date Announced:
02/09/2010

client:
Steering Committee of Secured Lenders of The Reader’s Digest Association, Inc.

Status:
Closed – 02/2010

Value:
$525 million

Muzak, LLC’s Chapter 11 Reorganization

Date Announced:
01/31/2010

client:
Muzak, LLC

Status:
Closed – 01/2010

Value:
$461 million

Airborne Systems Group Limited’s sale to HDT International

Date Announced:
01/26/2010

client:
Airborne Systems Group Limited

Status:
Closed – 01/2010

Value:
Undisclosed

Simmons Bedding Company’s Chapter 11 Reorganization

Date Announced:
01/19/2010

client:
Agent and Steering Committee of Senior Secured Lenders of Simmons Bedding Company

Status:
Closed – 01/2010

Value:
$1.3 billion

Stock Building Supply’s sale of Universal Supply Company subsidiary to BlackEagle Partners

Date Announced:
01/12/2010

client:
Stock Building Supply

Status:
Closed – 01/2010

Value:
Undisclosed

Beazer Homes USA, Inc.’s common stock and mandatory convertible notes offering

Date Announced:
01/05/2010

client:
Beazer Homes USA, Inc.

Status:
Closed – 01/2010

Value:
$103 million Common Stock, $58 million Mandatory Convertible Notes

International Aluminum Corporation’s Chapter 11 Reorganization

Date Announced:
01/03/2010

client:
International Aluminum Corporation

Status:
Closed – 06/2010

Value:
$169 million

Idearc Inc.’s Chapter 11 Reorganization

Date Announced:
12/30/2009

client:
Idearc Inc.

Status:
Closed – 12/2009

Value:
$9.8 billion

YRC Worldwide, Inc.’s exchange offer

Date Announced:
12/30/2009

client:
YRC Worldwide, Inc.

Status:
Closed – 12/2009

Value:
$470 million Read the case study

Trusted advisor to YRC Worldwide Inc.

On December 31, 2009, YRC Worldwide Inc. (“YRC,” Nasdaq: YRCW) completed a $470 million debt-for-equity exchange offer, which resulted in a significantly improved liquidity profile. On February 23, 2010, Moelis & Company executed a private placement of $70 million of 6% Convertible Senior Notes. Proceeds from the issuance were used to satisfy the remaining amounts outstanding on the company’s 8 1/2% Guaranteed Notes due April 15, 2010, with excess proceeds available to be used for general working capital purposes. The two transactions were part of a broad restructuring effort which also included ABS facility, credit facility and union agreement amendments and provided YRC with runway to execute its business plan. Moelis & Company acted as financial advisor, joint lead dealer manager and joint lead placement agent on the transactions and continues to serve as financial advisor on YRC’s broader restructuring efforts.

Pilgrim’s Pride Corporation’s Chapter 11 Reorganization

Date Announced:
12/27/2009

client:
Official Committee of Unsecured Creditors of Pilgrim’s Pride Corporation

Status:
Closed – 12/2009

Value:
$2.2 billion

Ion Media Networks, Inc.’s Chapter 11 Reorganization

Date Announced:
12/20/2009

client:
Ion Media Networks, Inc.

Status:
Closed – 12/2009

Value:
$2.7 billion

Clear Channel Outdoor, Inc.’s notes offering

Date Announced:
12/17/2009

client:
Clear Channel Outdoor, Inc.

Status:
Closed – 12/2009

Value:
$2.5 billion

TYBRIN Corporation’s sale to Jacobs Engineering Group Inc.

Date Announced:
12/17/2009

client:
TYBRIN Corporation

Status:
Closed – 12/2009

Value:
Undisclosed

Fairmont Raffles Hotels International’s credit facility amendment

Date Announced:
12/14/2009

client:
Fairmont Raffles Hotels International

Status:
Closed – 12/2009

Value:
$1.3 billion

Nortek, Inc. & Chapter 11 Reorganization

Date Announced:
12/10/2009

client:
Ad Hoc Committee of Bondholders of Nortek, Inc.

Status:
Closed – 12/2009

Value:
$1.8 billion

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