Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure, the law firm of Latham & Watkins LLP submitted a verified statement that it is representing Ares Capital Corporation and HPS Investment Partners, LLC and certain of their managed funds and affiliates in the Chapter 11 cases of Centric Brands Inc., et al.
As of June 9, 2020, each lender of the First Lien Lender Group and their disclosable economic interests are:
Ares Capital Corporation
245 Park Avenue 44th Floor
New York, NY 10167
* Term Loan Claims: $248,118,752.15
* DIP Claims: $33,745,306.13
HPS Investments Partners, LLC
40 West 57th Street 33rd Floor
New York, NY 10019
* Term Loan Claims: $256,980,136.23
* DIP Claims: $118,235,689.38
Nothing contained in this Verified Statement (or Exhibit A hereto) should be construed as a limitation upon, or waiver of, any member of the First Lien Group’s right to assert, file and/or amend their claim(s) in accordance with applicable law and any orders entered in this case establishing procedures for filing proofs of claim.
The First Lien Lender Group reserves the right to amend or supplement this Verified Statement in accordance with the requirements set forth in Bankruptcy Rule 2019.
Counsel to Ares Capital Corporation and HPS Investment Partners, LLC and/or its managed funds or affiliates can be reached at:
Richard A. Levy, Esq.
James Ktsanes, Esq.
LATHAM & WATKINS LLP
330 North Wabash Avenue
Suite 2800 Chicago, IL 60611
Telephone: (312) 876-7700
Facsimile: (312) 993-9767
A copy of the Rule 2019 filing, downloaded from PacerMonitor.com, is available at https://is.gd/V4Nvbj
About Centric Brands
Centric Brands Inc. designs, produces, merchandises, manages and markets kidswear, accessories, and men’s and women’s apparel under owned, licensed and private label brands. Currently, the company and its affiliates license over 100 brands, including AllSaints, BCBG, Buffalo, Calvin Klein, Disney, Frye, Herve Leger, Jessica Simpson, Joe’s, Kate Spade, Kenneth Cole, Marvel, Michael Kors, Nautica, Nickelodeon, Spyder, Timberland, Tommy Hilfiger, Under Armour, and Warner Brothers. The companies sell licensed products through both retail and wholesale channels.
Centric Brands and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 20-22637) on May 18, 2020. As of March 31, 2020, Debtors disclosed $1,855,722,808 in total assets and $2,014,385,923 in total liabilities.
Judge Sean H. Lane oversees the cases.
The Debtors tapped Ropes & Gray, LLP as bankruptcy counsel; PJT Partners, Inc. as investment banker; Alvarez & Marsal, LLC as financial advisor; and Prime Clerk, LLC as notice, claims and balloting agent.