Predictions in the fall that the energy and healthcare industries would be most active for out-of-court restructurings in the fourth quarter were only about half correct. Restructuring attorneys and advisers correctly predicted that oil, gas and coal related companies would be among the most active in the fourth quarter, but they missed on the healthcare industry. The list of energy company out-of-court restructurings seemed to grow with each month. Among the most significant restructurings were coal producer Armstrong Energy Inc., Anton Oilfield Services Group and EP Energy Corp.The Deal's Out-of-Court Restructuring league tables include advisors to distressed companies experiencing financial restructuring ongoing or completed during the period under review. There are neither geographic nor company value size restrictions for the distressed company. Bankruptcy filings during the last three years have been dominated by one of two industries. In 2017, it was retail, while the prior two years saw a slew of oil and gas companies march into Chapter 11. With the expectation that interest rates will be rising, albeit slowly, indicators point to another active year ahead in restructuring across industry sectors. The Deal's Bankruptcy League Tables are comprised of advisory assignments on business petitions with liabilities of at least $25 million, filed in U.S. courts, between January 1 and December 31, 2017. The final quarter of 2017 was one of the most active ever for the private-investment-in-public-equity market, coming at the end of year when PIPE offerings raised more than $76 billion. The quarter saw more individual deals than almost any quarter since 2007, when the buildup to the global financial crisis drove deal flow the likes of which has seldom been seen. In terms of dollars raised - more than $20 billion - the fourth quarter was one of the few since the GFC to exceed that number. The PIPEs League Tables are based on proprietary information from PrivateRaise, a service of The Deal. Data includes PIPEs (equity private placements and registered direct offerings) that are at least $1 million and have been completed or entered into by public corporations domiciled in the U.S. or by public, foreign companies that have primary listing or a significant or consistent trading presence on a U.S. stock exchange or market. Rankings and analysis are available online. To learn more about The Deal's League Tables, contact Jonathan McReynolds at email@example.com. About The Deal The Deal ( www.thedeal.com) provides actionable, intraday coverage of mergers, acquisitions and all other changes in corporate control to institutional investors, private equity, hedge funds and the firms that serve them. The Deal is a business unit of TheStreet, Inc. (NASDAQ: TST, www.t.st), a leading financial news and information provider. Other business units include TheStreet ( www.thestreet.com), an unbiased source of business news and market analysis for investors; BoardEx ( www.boardex.com), a relationship mapping service of corporate directors and officers; and RateWatch ( www.rate-watch.com), which supplies rate and fee data from banks and credit unions across the U.S. Contact: Terri Smith, 212-321-5572, Terri.Smith at thestreet.com
View original content with multimedia: http://www.prnewswire.com/news-releases/another-strong-year-for-pe-and-ma-megadeals-energy-and-retail-dominated-restructuring-while-bankruptcy-spread-across-sectors-and-a-big-quarter-for-pipes-300577113.html SOURCE TheStreet, Inc.