{"id":5488,"date":"2020-12-25T08:00:00","date_gmt":"2020-12-25T13:00:00","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=5488"},"modified":"2020-12-15T16:32:29","modified_gmt":"2020-12-15T21:32:29","slug":"quiksilver-owner-sued-over-oaktree-backed-rescue-deal","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=5488","title":{"rendered":"Quiksilver Owner Sued over Oaktree-Backed Rescue Deal"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2018\/03\/law.jpg\" alt=\"\" class=\"wp-image-3884\" width=\"363\" height=\"203\" srcset=\"https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2018\/03\/law.jpg 400w, https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2018\/03\/law-300x168.jpg 300w\" sizes=\"auto, (max-width: 363px) 100vw, 363px\" \/><\/figure><\/div>\n\n\n\n<p>Investors sued Boardriders Inc., the company behind the Quiksilver and Billabong brands, over a $431 million rescue financing package they said elevated the interests of a select group of lenders. Intermediate Capital Group PLC, York Capital Management and other lenders filed a lawsuit in the Supreme Court of New York, challenging an August financing deal that supplied the  apparel company with $110 million in fresh capital from a group of lenders. In return for the infusion, Boardriders gave those parties top-ranking collateral rights on $321 million of loans they already held, pushing other lenders down in the payment line, according to the complaint. The lenders that filed the suit are seeking a judgment undoing the transaction.<\/p>\n\n\n\n<p>Being sued? Contact our office at 816-524-4949 or you can visit our website at&nbsp;<a href=\"mailto:https:\/\/www.hoorfarlaw.com\/\">hoorfarlaw.com<\/a>&nbsp;to schedule an appointment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors sued Boardriders Inc., the company behind the Quiksilver and Billabong brands, over a $431 million rescue financing package they said elevated the interests of a select group of lenders. Intermediate Capital Group PLC, York Capital Management and other lenders &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=5488\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[267,76,736],"class_list":["post-5488","post","type-post","status-publish","format-standard","hentry","category-general","tag-attorney","tag-bankruptcy","tag-debt"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5488"}],"version-history":[{"count":4,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5488\/revisions"}],"predecessor-version":[{"id":5556,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5488\/revisions\/5556"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}