Allen Media Group Lenders Tap Lawyers, Enter Cooperation Pact

Some first-lien lenders to Allen Media Group have organized with Gibson Dunn & Crutcher for legal advice as part of an effort to maintain a united front as the company’s debt falls further into distress, according to people familiar with the situation.

• Lenders have also signed a cooperation agreement that binds creditors to act together should the company want to pursue talks, said the people, who asked not to identified discussing a private matter
  • Participation will be open to all first-lien lenders, they said
• “We’re 100% in compliance with all of our lenders,” a company spokesperson said in an emailed ...