RGL Reservoir Management Group Inc. Completes US$404 Million Recapitalization
Goodmans LLP represented RGL Reservoir Management Group Inc. and its subsidiaries (RGL) in the implementation of a recapitalization transaction pursuant to a plan of arrangement under the Canada Business Corporations Act.
RGL is a Canadian-based global provider of oilfield solutions with a focus on engineering and manufacturing sand control and flow control products for enhanced oil recovery in the heavy oil industry.
The recapitalization transaction involved the exchange of approximately US$404 million of RGL’s secured debt for common shares of the reorganized company and US$75 million in take-back debt pursuant to a new secured credit facility. As part of the recapitalization, RGL’s existing shareholders received common shares and warrants of the reorganized company.
Featured Work
-
Restructuring
Endo International plc completes global restructuring
Goodmans LLP acted as Canadian legal counsel to the Endo Group (or the “Company”) in connection with its restructuring initiatives, transaction matters, negotiated resolutions with Canadian… -
Restructuring
Xplore completes CBCA recapitalization and restructures satellite business through RVO
Goodmans LLP acted as Canadian legal counsel to Xplore Inc. in connection with its recapitalization, restructuring, financing, regulatory, governance and business initiatives, including its review of… -
Restructuring
WeWork’s restructuring proceedings
Goodmans LLP acted as Canadian legal counsel to WeWork Inc. in connection with its restructuring initiatives, the Canadian Part IV CCAA proceedings, and issues affecting Canadian stakeholders… -
Restructuring
Comark Group’s restructuring proceedings
Goodmans LLP is counsel for Alvarez & Marsal Canada Inc. in its capacity as court-appointed monitor in the recognition proceedings of Comark Group under the Companies’ Creditors Arrangement Act… -
Restructuring
Tacora Resources Inc.’s CCAA restructuring
Goodmans LLP acted as counsel to Cargill, Incorporated and Cargill International Trading Pte Ltd. (collectively “Cargill”), in connection with the restructuring proceedings of Tacora Resources Inc… -
Restructuring
Contract Pharmaceuticals CCAA proceedings and sale to Aterian Investment Partners
Goodmans LLP acted as counsel to Contract Pharmaceuticals Limited and its affiliates in connection with their CCAA proceedings and other restructuring…