February 26, 2024
A New Jersey bankruptcy judge on Monday approved $43.8 million in final fee and expense applications for professionals involved in Cyxtera Technologies Inc.'s Chapter 11 case, with almost half the money going to an investment banking firm and roughly $15 million to Kirkland & Ellis LLP.
January 26, 2024
Law firms and professional advisers have filed final fee applications exceeding $23 million in the New Jersey bankruptcy case of data center provider Cyxtera Technologies Inc., including a request from Kirkland & Ellis LLP for $14.5 million in legal fees.
November 01, 2023
The U.S. Trustee's Office asked a New Jersey bankruptcy judge to reject data center company Cyxtera Technologies Inc.'s proposed Chapter 11 plan, saying the company's claims releases are "overbroad."
September 27, 2023
A New Jersey bankruptcy judge has given data center company Cyxtera Technologies permission to send a more than $974 million debt-for-equity swap Chapter 11 plan out for a creditor vote after the company's sale offer failed to attract a sufficient bid.
June 06, 2023
A New Jersey bankruptcy judge Tuesday gave data center company Cyxtera Technologies permission to tap into $40 million in Chapter 11 financing and roll up $36 million in debt as it puts itself on the block with a debt-for-equity swap as a backup.