Restructuring & Recapitalization Leveraged Finance Financial Analyst On January 3, 2020 the Wall Street Journal . Herndon,VA. Like Constellis, G4S also operates in the Personnel Security Services industry. Herndon, VA. (September 14, 2020) — Constellis, a leading provider... Constellis Opens Western Pennsylvania Office for National Security Operations Investigative. January 4, 2020. — Bloomberg. Moody's said the contractor, Constellis Holdings, could enter court supervision by early February, although a bankruptcy isn't assured. Average Constellis Operations Associate yearly pay in the United States is approximately $63,534, which is 29% above the national average. Mark Baker ICA Manager at Arizona Cannabis Society . The National Fraternal Order of Police (FOP) is partnering with... Western Fire Chiefs Association, IAFC, partner with Constellis to Help. Nonetheless, at current levels – and things could get much worse – potential ultimate realized losses could reach $20mn on the $109mn invested at cost, most of which has not been recognized even on an unrealized basis as of June 2019. We also thank our customers for their support, our business partners for their cooperation and partnership, and our outstanding employees for their continued dedication.”. "I'd like to thank Gordon for his incredible efforts on behalf of the company during a critical juncture, including playing a leading role in our highly successful debt restructuring… The IAFC, along with the Western Division of Fire Chiefs,... Nabil Azar Joins Constellis as Vice President, Business Development &. Written by a former FCPA attorney with expert knowledge and experience relevant to the issues discussed, the book injects innovative concepts to the study of the FCPA and its enforcement such as the Šworld s most ethical FCPA violators ... Constellis will provide security operations for the Department of Defense... Centerra Wins $75 Million, Five-Year Contract with Olin Winchester on. Found insideAs such this anthology serves the interests of both the layman in the field who may read this book as a thorough and encompassing introduction to the field as well as those of the specialist - be it a politician, a journalist, a ... Aneesh Chopra, America's first Chief Technology Officer, tells the story of a new revolution in America. Defense contractor Constellis Group Inc. has engaged PJT Partners Inc. to engineer a plan for restructuring the company's debt-laden balance sheet, according to people familiar with the matter. Why it matters: Constellis is partially responsible for security at the U.S. embassy in Baghdad, which came under assault last week . Some matters addressed included the events of the past few days involving the . New Economy. That . 13530 Dulles Tech Drive # 500 Herndon, VA 20171 . G4S is perceived as one of Constellis's biggest rivals. Sr. ExecutiveBiz provides you with Daily Updates and News Briefings on the sale of Bellagio Real Estate to. Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of New Constellis Borrower LLCGlobal Credit Research - 30 Apr 2021New York, April 30, 2021 -- Moody's . Herndon, VA. (January 19, 2021) — Constellis, a leading provider... Darryle Conway Joins Constellis as Chief Growth Officer. PJT Parners is an investment bank, often used in turnaround work. The loan spreads at L+500 and has been getting market at $24 (bid side) recently by Markit. This timely book describes the services that are now delivered by private contractors and the threat this trend poses to core public values of human rights, democratic accountability, and transparency. -- Domestic work came with lower margins and the company has been bogged down with start-up costs on new contracts, S&P Global Ratings said in a report in November as it cut the company’s credit grades." | 282 من . Richard Hozik Joins Constellis as Chief Financial Officer. The Wall Street Journal reported in October that Constellis engaged the investment bank PJT Partners Inc. to advise on a restructuring process. “This transaction is a significant milestone in our transformation of Constellis, strengthening our company financially and positioning the business for the long term,” said Tim Reardon, Chief Executive Officer of Constellis. Dean Foods, America's largest milk producer, is 2019's 100th default, Warp-speed disruptions outpace tech solutions, How Florida fails those with mental illness, LinkedIn blocks U.S. journalists' profiles in China. As a leading global provider of risk management, security, humanitarian, training and operational support services, we remain dedicated to providing our customers with sophisticated and specialized programs and look forward to supporting their mission needs with forward-thinking solutions for years to come.”, Mr. Reardon continued, “Our lenders were very supportive throughout this process and we look forward to continuing to work with them as the new owners of Constellis. Reuters reported earlier . Bankruptcy & Restructuring News Headlines for Friday Sep 10, 2021 September 10, 2021. BEVERLY HILLS, Calif. — The tech insider crowd partied here at Code Conference this week, but many couldn't shake the sense that the world's colossal problems are outrunning the breakthroughs their industry is promising. View Donna Ray's profile on LinkedIn, the world's largest professional community. Gibson, Dunn & Crutcher LLP and Houlihan Lokey, Inc. served as legal counsel and financial advisor, respectively, to an ad hoc group of certain of the Company’s lenders. Constellis is hoping to hammer out terms outside bankruptcy court, but a possible chapter 11 filing that would convert lenders' claims into equity is on the table, the people familiar with the matter said. Backstory: The company missed a principle payment on December 31, but entered into a forbearance agreement so it could continue operations. Found insideThis edition also presents the 2011 Small Arms Trade Transparency Barometer, an estimate of the annual authorized trade in light weapons, and a review of developments related to small arms control at the United Nations. Otherwise, the WSJ article has no new information, except a recap of s Quality of the people they recruit has dropped as the pay was lowered. Contact. But make no mistake—Master of War is not a work of fiction….A powerful and true account.” —Wolf Blitzer, anchor, CNN’s The Situation Room Master of War is the riveting true story of Eric Prince, the ex-Navy SEAL who founded ... While organizations are looking after their staff and responding to... Constellis partners with IAFC and Western Division of Fire Chiefs. Found insideThe Banking Law Journal covers every area of major interest to bankers and attorneys, with practical material for bank counsel use, articles of current importance by recognized experts, plus digests of important cases from every ... Represented Constellis in a deleveraging and recapitalization, reducing its debt from $1.4 billion to $310 million, and adding up to $50 million in new capital to . With the company, he was . Powerful Results. Owners who claim their business can update listing details, add photos, respond to reviews, and more. Constellis recently defaulted on its loan agreements and agreed to a forbearance pact with lenders, which are poised to wrest control from Apollo in a $1.2 billion debt restructuring, these people . Judging by the current market valuations (source: Advantage Data) of the three different loans outstanding in which BDC lenders are involved, the debt is discounted from (8%) to (70%), higher than in June. Constellis Holdings, who is one of the largest providers of military support personnel, is nearing bankruptcy and is considering restructuring plans to manage its debt. "I'd like to thank Gordon for his incredible efforts on behalf of the Company during a critical juncture, including playing a leading role in our highly successful debt restructuring . Constellis' new loan requires that the company present a debt restructuring plan by Feb. 4, S&P said Thursday. There is also the $215 million Constellis Holdings - Second Lien Term B Loan which spreads at L+900. Photo courtesy of Khadeeja Morse. $3.8 billion. The loan will be used to support business and operations during the proposed restructuring, the people with knowledge of the matter said. Constellis CEO Tim Reardon made Executive Mosaic’s Wash100 again for... We use cookies on this website to improve functionality and performance, to analyze traffic, and to enable social media features. New Year of Perspectives for Defense Base Act Injuries in 2020. . Herndon-based federal contractor Constellis announced Monday it has hired Richard Hozik as chief financial officer, replacing Gordon Foster, who will leave the company on Sept. 30. Found insideIn this book, Singer provides the first account of the military services industry and its broader implications. (A Constellis Company) Oklahoma City, OK. Kenneth L . As a leading global provider of risk management, security, humanitarian, training and operational support services, Constellis’ forward thinking solutions include a range of synergistic services, including background investigations, social intelligence tools, advanced training, logistics and life support, UAS and K9 services, and crisis response and mitigation. Executive Moves. Constellis' new loan requires that the company present a debt restructuring plan by Feb. 4, S&P said Thursday. The loan will be used to support business and operations during the proposed restructuring, the people with knowledge of the matter said. They used the money to purchase new companies in the year 2017 which Constellis purchased 7 new companies but tried to sell but the company from another country did not want to buy due to misappropriation of funds. This weekend, among hot dogs and subdued fireworks shows, I had the latest rounds of collaborative phone calls with contacts and sources in the Persian Gulf. The company only cares about how many more employees they can cut and still get by. The company is constantly restructuring and laying people off, then going on a hiring spree in a couple months. Keep up with the latest news about restructuring on Executivebiz. Herndon, VA, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Constellis, a leading provider of essential risk management and mission support services . Otherwise, the WSJ article has no new information, except a recap of s Current Constellis CFO, Gordon Foster, is leaving the company effective September 30, 2020, allowing for one month of overlap and transition with Mr. Hozik. Constellis Jun 2017 - May 2019 2 years. Mr. Greenberg focuses on representing debtors and creditors in in-court and out-of-court restructurings. $2.6 billion. The Wall Street Journal reports on October 9 that defense contractor Constellis Holdings "has engaged PJT Partners Inc. to engineer a plan for restructuring the company's debt-laden balance sheet, according to people familiar with the matter". Deborah Ricci Succeeds Barry . These ten essays provide a comprehensive introduction and overview of the theory of global capitalism and its application to a wide range of contemporary issues that will be accessible to activists and the general public yet also satisfying ... Found inside... yet again to Xe Services llc, and also began another round of restructuring. ... senior government positions.221 Constellis Holdings came into existence ... Belk today announced that it has entered into a Restructuring Support Agreement (the "RSA") with its majority owner, Sycamore Partners, a private equity firm specializing in consumer, retail and . Bloomberg reported: Constellis Holdings LLC, a security contractor backed by Apollo Global Management Inc., is in talks with creditors on a deal to restructure its $1 billion of debt, according to people with knowledge of the discussions.The firm, which has provided some security services around the U.S. embassy complex in Iraq -- the site of anti-American protests this week -- is seeking to . All of this is a far cry from early 2018, when Apollo was negotiating to sell or IPO Constellis. Constellis has announced that Tim Reardon, the company's chief executive officer and 2020 Wash100 Award recipient, has resigned from his role. Last week's storming of the U.S. embassy in Baghdad. Any forward-looking statement included in this press release speaks only as of the date hereof, and except as may be required by law, the Company undertakes no obligation to update any forward-looking statement or any other statement to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances. Found insideIn this workbook, Dr. Linda Ginzel, a clinical professor at the University of Chicago’s Booth School of Business and a social psychologist, debunks common myths about leaders and encourages you to follow a personalized path to decide when ... S&P Global Ratings said today it has lowered the credit rating of Constellis Holdings after the company "failed to make a mandatory principal payment on its $872 million first-lien term loan." In a rationale provided for its action, S&P said Constellis defaulted on Dec . Herndon, VA, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Constellis, a leading provider of essential risk management and mission . Claim this listing for free. Unfortunately Constellis has the possibility of being one of the biggest credit hotspots of the fourth quarter (if that’s when the rubber meets the road) for the BDC sector. Constellis provides end-to-end risk management and comprehensive security solutions to safeguard people and infrastructure globally. Donna has 1 job listed on their profile. Found inside – Page 245Academi (Blackwater) and Constellis: Transnational Security Services Due to ... its name to Xe Services LLC as part of a company-wide restructuring plan. Christopher has 5 jobs listed on their profile. By 2016 Blackwater had been re-named and restructured several times, and was known at the time as Constellis Group, when it was purchased by the Apollo Holdings Group. Found insideThis work offers an examination of the role that private security and military contractors have played in Iraq since the fall of Saddam Hussein in 2003. As such, you should not unduly rely on such forward-looking statements. Why it matters: LinkedIn is one of the only large American social media platforms to agree to the Chinese government's demands to censor content, and is tasking its own employees with restricting what users in China can see. We warned in an earlier article on October 9, 2019 that for Constellis Holdings "a day of reckoning is coming - and fast". Herndon, VA. (April 21, 2020)— Constellis, a leading provider of... Constellis Announces Successful Completion of De-Levering and Recapitalization. The final nail in the coffin was the crazy foreign tax they force you to pay (some other companies offer a bonus to offset the tax ). Constellis is hoping to hammer out terms outside bankruptcy court, but a possible chapter 11 filing that would convert lenders' claims into equity is on the table, the people familiar with the matter said. The Akin Gump corporate team advising Constellis was led by partner Gerald Brant and included partners Jaisohn Im and Jesse Brush, counsel Yehuda Raskin and Clare Joyce, and associates Brittany Harrison, Edward Cohen, Sanzana Faroque and Andrew McDonough. Found insideFrom Pulitzer Prize - winning Washington Post reporter Steve Fainaru comes an unforgettable journey into Iraq's parallel war - a world filled with tens of thousands of armed men roaming Iraq with impunity, doing jobs the military can't or ... They are not doing well . Practical Steps to Help Businesses Recover and Learn from COVID-19. Quality of the people they recruit has dropped as the pay was lowered. Constellis protects critical priorities safely and efficiently around the world. Anna Strauss was only sixteen-years-old when she was inspired to write this story as a gift for her mother. This business is unclaimed. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements include, but are not limited to, the following: the Company’s substantial level of indebtedness, the Company’s ability to refinance, restructure or amend the terms of that indebtedness, and changes in availability of capital and cost of capital; the inherent political, economic and other risks associated with the Company’s significant business operations outside the United States; political destabilization or insurgency in the regions in which the Company operates; public health emergencies, including the COVID-19 pandemic; U.S. government decisions to change spending priorities and reduce funding for projects the Company supports; U.S. government debt ceiling limitations, sequestration, continuing resolutions, or other similar budgetary or funding issues; delays in the federal budget process including U.S. government shutdowns and threatened shutdowns; cancellation of U.S. government contracts and delays in payments from U.S. government customers; competitive factors such as pricing pressures, bid protests of contract awards by unsuccessful bidders and competition to hire and retain employees; termination of the Company’s material contracts or the Company’s inability to replace or renew its material contracts; and negative publicity. Deborah Ricci, formerly chief financial officer of Constellis, has been appointed to the same role at PwC's former public sector. The company is constantly restructuring and laying people off, then going on a hiring spree in a couple months. Herndon, VA. (August 31, 2020) — Constellis, a leading provider... Constellis Receives $198M DOD Task Order for Security Support Services. The DoD relies heavily on software-intensive systems to support mil. operations and associated bus. functions, such as logistics, personnel, and financial mgmt. Found insideA cogent analysis of the failings and potential of private military contractors. Bankruptcy & Restructuring News Headlines for Tuesday Sep 28, 2021 →. Constellis has won several contracts since its restructuring in late March.. Key contract wins include a $198M task order to provide security operations support for the Department of Defense at . Sure to stir controversy and debate, A Theory of Global Capitalism will be of interest to sociologists and economists alike. News and Views on the Business Development Company Industry Found insideThis book is for professionals across various disciplines who recognize the difficulties of compliance and want to learn strategies for minimizing risk under aggressively enforced corporate bribery laws. Constellis Group Announces New Leadership. Reviews from Constellis employees about working as an Operations Associate at Constellis. UNCLAIMED . Found insideAn account of the Ken Starr investigation and the impeachment of President Clinton, covering the Paula Jones suit, the Lewinsky affair, and Jim McDougal's imprisonment. Constellis, a Reston, Va.-based security contractor owned by Apollo Global Management, is in talks with creditors to restructure its $1 billion of debt or enter a pre-negotiated bankruptcy, per Bloomberg. Foster began his government contracting career at Northrop Grumman, holding a variety of leadership roles . Herndon, VA — Constellis, a leading provider of essential risk... Tim Reardon Departs Constellis; Terry Ryan Named Chief Executive Officer. Why it matters: Mikese’s saga illustrates how Florida treats those in need of involuntary mental health care — as criminals, relying on cops and courts to solve problems that need medical intervention — with potentially tragic results. Constellis like many security contract companies have cut pay. More than the amount involved - which is modest by comparison with the debt on the company . Lead director and previous Wash100 Award winner . Grove City, PA will be home to the new branch... Richard Hozik Joins Constellis as Chief Financial Officer. S&P Global Ratings said today it has lowered the credit rating of Constellis Holdings after the company "failed to make a mandatory principal payment on its $872 million first-lien term loan." In a rationale provided for its action, S&P said Constellis defaulted on Dec . Bloomberg Fixed-Income ETF Tracker. Michael Freitag / Jed Repko / Tim Ragones / Viveca Tress. The firm's financial restructuring team was led by partners Ira Dizengoff, Phil Dublin . See the complete profile on LinkedIn and discover Christopher's connections and jobs at similar companies. Thankfully, 90% of of BDC exposure is in the 2022 Term Loan, which is valued the highest even after the news of a prospective restructure. Constellis Sharon Watts mediarelations@constellis.com +1 866 996 3599 Michael Freitag / Jed Repko / Tim Ragones / Viveca Tress Joele Frank, Wilkinson Brimmer Katcher +1 212 355 4449 UNCLAIMED . Found insideBuilding on his earlier works on globalization, William I. Robinson discusses the nature of the new global capitalism, the rise of a globalized production and financial system, a transnational capitalist class, and a transnational state and ... Foster brings to Serco two decades of government contracting experience. Proven Expertise. Please note that all salary figures are . He has worked on numerous restructuring assignments, advising companies, creditors and other parties on refinancings, exchange offers, consent solicitations, amendments, out-of-court restructurings, chapter 11 bankruptcy reorganizations, distressed mergers and . Liberia suffered a 14-year civil war replete with human rights atrocities that killed 250,000 people and displaced a third of its population. The prospective damage will be widespread. Constellis is committed to the success of our customers and partners. Constellis has won several contracts since its restructuring in late March. Constellis is committed to the success of our customers and other partners. Not to mention the loss of investment income, which we’ve previously pegged at $9mn annually. The firm is owned by Apollo Global Management Inc. Roopesh Shah is a senior managing director of Evercore's Restructuring and Debt Advisory Group in New York, which he joined in 2017. Security Contractor In Restructuring Talks. The top 10 competitors average 75,787. Judging from two major - and related - developments, the time is nigh. Centerra, a Constellis company, delivers rapid response solutions to counter... Tim Reardon Makes Wash100 for the Fourth Year. Constellis Holdings: Sells Assets To Improve Liquidity. The loan will be used to support business and operations during the proposed restructuring, the people with knowledge of the matter said. Akin Gump Strauss Hauer & Feld LLP served as the Company’s legal counsel, PJT Partners, Inc. served as its financial advisor and AlixPartners LLP provided a managing director to serve as chief restructuring officer and served as restructuring and operations advisor. New Economy. “Constellis is poised for growth and continued success, and we will leverage the backing of our stakeholders and this capital support to drive the next evolution of the business. With conclusion of the aforementioned financial restructuring on March 27, 2020, all ratings of the previously rated entity (Constellis Holdings, LLC) have been withdrawn. Reston, VA Corporate Development - M&A evaluation, diligence, financing and integration . OFS Capital (OFS) and Garrison Capital (GARS) and – to a lesser degree – two non-listed BDCs are also exposed. That alone should send chills down the spines of anyone concerned about the company. The Wall Street Journal reports on October 9 that defense contractor Constellis Holdings "has engaged PJT Partners Inc. to engineer a plan for restructuring the company's debt-laden balance sheet, according to people familiar with the matter". Sign Up Now! M&A Restructuring, Integration and Divestiture Strategy at Deloitte New York, NY. Lead director and previous Wash100 Award winner . But there wasn't enough tech-fueled bravado to lift the shadows: Runaway climate change. $4.25 billion. Mr. Greenberg was named a 2021 "Dealmaker of the Year" by The American Lawyer, noting his […] Since joining Constellis in late 2018, Tim has reorganized the company to accelerate growth, improved operational efficiency by integrating 13 legacy companies, and completed a comprehensive financial restructuring that reduced overall corporate debt by over one-billion dollars. Delta's Force Hits Economies From U.S. to China in Real-Time. The critical role contractors play in supporting military operations in Afghanistan and Iraq necessitates that the Department of Defense (DOD) effectively manage contractors during contingency operations. The final nail in the coffin was the crazy foreign tax they force you to pay (some other companies offer a bonus to offset the tax ). Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Material Impairments (Item 2.06) for the Week Ended Thursday Sep 9, 2021 September 09, 2021. November 10, 2017. Bankruptcy & Restructuring News Headlines for Thursday Sep 9, 2021 September . Found insideDavies takes apart the wall of propaganda surrounding one of history's most significant military disasters and most serious international crimes: non-existent WMDs; the equally fictitious centuries-old sectarian blood feud in Iraq; and the ... The company, which has piled on debt over the past decade . Anyway, the advent of a restructuring firm and those slim liquidity numbers suggests a day of reckoning is coming – and fast. Photo illustration: Brendan Lynch/Axios. View the profiles of professionals named "David Goldman" on LinkedIn. Statement of National President Patrick Yoes on FOP-Centerra Partnership for. Covers emerging companies in Washington's government contracting sector. Before joining Serco, Foster was the CFO for Constellis, where he recently helped lead them through a successful debt restructuring.  Before his position with Constellis, Foster was the executive vice president and CFO at ASRC Federal. Delivering Sophisticated and Specialized Risk Protection Solutions for Customers Globally... CENTERRA OFFERS COVID-19 CRISIS AND EMERGENCY SOLUTIONS. Read More. Herndon-based federal contractor Constellis announced Tuesday that CEO Tim Reardon has resigned to "pursue other interests," and the company's lead director, Terry Ryan, will replace him, effective immediately. Simon Kennedy. Herndon, VA. (January 4, 2021) — Constellis, a leading provider... Constellis to Sell Full Line of Honeywell PPE.
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