Point Blank Solutions
The firm represents Point Blank Solutions and its affiliates in chapter 11 cases filed in Delaware. The debtors are leading manufacturers and providers of bullet, fragmentation, and stab-resistant apparel and related ballistic accessories, used domestically and internationally by military, law enforcement, security, and corrections personnel, as well as government agencies. The firm negotiated a $20 million debtor-in-possession financing facility with Steel Partners II, which provided for the payoff of the existing secured loan and a continued, limited guaranty. The debtors are currently investigating a number of restructuring strategies to maximize value for all creditors.