NEW YORK, Nov. 29, 2023 (GLOBE NEWSWIRE) — Epiq has been named a winner of the M&A Advisor Consumer Discretionary Deal of The Year Award (over $100MM) and was recognized for setting an extremely high standard of dealmaking. The award honors Epiq Corporate Restructuring Group and its role in the $1.59 billion restructuring of Serta Simmons Bedding, LLC.
Epiq was selected as claims, noticing, and solicitation agent to help the company execute its prearranged chapter 11 bankruptcy. Serta filed chapter 11 in January to implement a comprehensive financial restructuring that would result in a reduction of the companys funded debt by approximately $1.59 billion. Accomplished in June, Serta is now positioned to maintain its 19 percent market sh…
Read the full article at: https://www.globenewswire.com/news-release/2023/11/29/2787812/10374/en/Epiq-Corporate-Restructuring-Honored-for-Consumer-Discretionary-Deal-of-The-Year.html