Bluestem Brands

Representation as co-counsel to Cerberus Business Finance in the chapter 11 cases of Bluestem Brands and related affiliated in the District of Delaware filed in March 2020. Bluestem was a leading direct-to-consumer retailer of name-brand, private label, and nonbranded fashion, home, and entertainment merchandise, with approximately $1.6 billion in total merchandise sales annually. Cerberus was a prepetition and DIP lender of Bluestem Brands. The firm assisted in guiding Cerberus through the chapter 11 cases including a sale and successful chapter 11 plan that was confirmed in August 2020.