We advised the administrative agent and first-lien lenders on the transaction

Davis Polk advised a group of first-lien lenders in connection with a comprehensive out-of-court recapitalization of SEKO Global Logistics Network, LLC and its affiliates (collectively, “SEKO”). The recapitalization was announced by SEKO on December 11, 2024, and supported by the key stakeholders. The transaction provided for SEKO’s existing lenders, comprising premier global financial institutions, to assume majority ownership of the company. SEKO also received significant new investment from its new ownership.

Founded in 1976, SEKO is a premier retail and e-commerce logistics provider which specializes in transportation, logistics, freight forwarding and warehousing, delivering complete supply chain solutions. Across its 150 offices, SEKO provides logistical solutions to companies from over 60 countries worldwide.

The Davis Polk restructuring team included partners Damian S. Schaible and Natasha Tsiouris and associates Jarret Erickson, Katarzyna (Kate) M. Fine and Jonathan (Zhenyang) He. The finance team included partner Christian Fischer and associates Alexander K.B. Shimamura and Linyang Wu. The corporate team included counsel Ajay B. Lele and associate Lidong (Roderick) Sheng. Partners Corey M. Goodman and Patrick E. Sigmon and associates Charles (David) Collier and David J. Beer provided tax advice. The executive compensation team included partner Adam Kaminsky. Members of the Davis Polk team are based in the New York and Washington DC offices.

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