The facts are sourced from an 8-K filed with the SEC via EDGAR, published on February 14, 2024. The deal's current status is pending regulatory review.
One financial advisor is identified, representing the creditors' side: Perella Weinberg Partners LP, serving as investment banker. The source sentence is drawn from a fee reimbursement provision: "...reasonable and documented fees and expenses when due of the Consenting Stakeholders... including the reasonable and documented fees and expenses of (a) Sullivan & Cromwell LLP, as legal counsel, (b) Hogan Lovells US LLP, as legal counsel, (c) Wollmuth Maher & Deutsch LLP, as legal counsel (d) Perella Weinberg Partners LP, as investment banker... necessary or advisable to represent the interests of the Required Consenting Stakeholders." No lead designation is specified for Perella Weinberg in this capacity.
Three legal advisors are identified, all representing the creditors (the Consenting Stakeholders) per the same fee reimbursement provision: Sullivan & Cromwell LLP, Hogan Lovells US LLP, and Wollmuth Maher & Deutsch LLP each served as legal counsel to the Required Consenting Stakeholders.
Beyond the classification of this matter as a Chapter 11 transaction support agreement, no further detail on the specific restructuring terms, such as treatment of claims or the capital structure post-emergence, is included in the facts provided.
Several items are not disclosed in this record: the transaction value is not stated, no financial or legal advisor to the company (Invitae) itself, as distinct from the creditors, is identified in the facts provided, the specific terms of the transaction support agreement are not given, and no expected emergence or closing date is given beyond the pending-regulatory status.