Moelis & Co., the advisory firm founded by Kenneth Moelis, is seeking to set up a collateralized loan obligation business as issuance of the funds rises to the most since 2007, according to three people with knowledge of the plan.
Rural/Metro Corp., the bankrupt ambulance service, won a judge’s tentative approval for a lawsuit settlement that will distribute as much as $11.6 million to stockholders of record before a $438 million buyout in 2011.
Eircom Group Ltd.’s second-lien lenders proposed writing off 71 percent of their loans, as they sought to avoid being virtually wiped out in a debt restructuring plan, two people familiar with the matter said.
Marsico Capital Management LLC, the asset manager led by Thomas Marsico, reduced its debt by more than half through a restructuring that cut management’s equity ownership to less than 40 percent, said three people familiar with the deal.
The law firm Paul Weiss Rifkind Wharton & Garrison LLP and investment bank Moelis & Co. were hired by Quiznos Corp., the closely held sandwich chain, to rework its finances, said a person familiar with the matter who declined to be identified because it isn’t public.