Vyaire re. PJT's First Monthly Fee Application (06.09 - 06.30.24)
- Date
- 2024-08-15
Summary
Doc 389-2 in Case 24-11217-BLS, filed August 15, 2024, contains appendices supporting PJT Partners LP's first monthly fee application for Vyaire Medical, Inc. covering June 9, 2024 through June 30, 2024. Appendix A gives biographies of the PJT professionals who worked on the matter, from partners to analysts. Appendix B is Invoice No. 10028852, showing a pro-rated monthly fee of $128,333.33, less a 20% holdback, plus $145.00 in meal expenses, for a total amount due of $102,811.66. Appendix C summarizes 368.5 total hours and gives daily time entries describing first day hearing preparation, diligence calls with interested parties, special committee meetings and sale process work. The document runs 27 pages.
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Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 1 of 27
APPENDIX A
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Biographies of PJT Professionals
James Baird. Mr. Baird is a Partner in the Restructuring and Special Situations
Group at PJT Partners LP. Mr. Baird has worked on a broad range of restructuring
and reorganization assignments for companies, creditor groups, special committees,
and acquirers of distressed assets, including (among others) the following publicly-
disclosed representations: 24 Hour Fitness, American General Finance (AGF),
American International Group (AIG), BCBGMAXAZRIA, Belk, Bresler & Reiner,
Bon-Ton, Borders Group, Cengage Learning, Centric Brands, Covia Holdings
Corporation, Cumulus Media, Detroit (City of), Dura Automotive Systems,
Footprint Salem Harbor, Ford Motor Company, FULLBEAUTY Brands, General
Motors, Gibson Brands, Houghton Mifflin Harcourt, Hovnanian Enterprises, iHeart
Media, International Lease Finance Corp (ILFC), IPC Systems, J. Crew, Jack
Cooper, Jefferson County Sewer System, Meridian Automotive Systems, The
Minneapolis Star Tribune, Mohegan Tribal Gaming Authority, Noranda
Aluminum, OSG Billing, Pacific Gas & Electric (PG&E), The Pacific Lumber
Company, Paragon Offshore, PDV Holding, Inc., Preferred Sands, Puerto Rico,
Quiksilver, Rue21, School Specialty, Sea Research Foundation (Mystic Aquarium),
SemGroup, Sequa, Sports Authority, Tailored Brands, Travelport Worldwide
Limited, WeWork. Mr. Baird received an AB from Bowdoin College and an MBA
with honors from Columbia Business School.
Rakesh Patel. Rakesh Patel is a Partner in the Strategic Advisory Group at PJT
Partners, based in London. Mr. Patel joined PJT Partners in May 2015 after
spending 7 years at J.P. Morgan, most recently as the Co-Head of EMEA
Healthcare Banking, and 4 years as the Global Head of M&A for Novartis Pharma.
Mr. Patel has advised on numerous transactions across the healthcare segments
including biopharma, generics, OTC, biotech, animal health and medtech. He has
worked across the full advisory platform ranging from M&A, equity/IPO and debt
issuance, including sector-specific credit ratings analyses. He started his banking
career in 1995 and worked at Credit Suisse First Boston and Morgan Stanley prior
to joining the Corporate M&A team at Novartis in 2005. Mr. Patel was formerly a
Non-Executive Director of IOMet Pharma, a private UK-based immune-oncology
focused biotech company (sold to Merck Inc. in 2015). Mr. Patel received BA and
M.A. in Natural Sciences (Chemistry) from the University of Cambridge.
Michael Schlappig. Mr. Schlappig is a Managing Director in the Restructuring and
Special Situations Group at PJT Partners. Mr. Schlappig has over 15 years of
Investment Banking experience advising companies and their stakeholders in
chapter 11 restructurings, out-of-court workouts and other distressed transactions,
including the following representative publicly disclosed transactions, among
others: BW Homecare Holdings, LLC; Cineworld Group plc; Clearwire
Corporation; Digicel Group Limited; Essar Steel Algoma Inc. (2014); Frontier
Communications Corporation; GFG Alliance; GT Advanced Technologies Inc.;
Ligado Networks LLC (2020); LightSquared Inc. (2015); Magnum Hunter
Resources Corporation; NII Holdings, Inc.; Northpole Newco S.a.r.l.; Pacific
Drilling S.A.; Starry Group Holdings, Inc.; syncreon Group B.V.; TerreStar
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 3 of 27
Corporation/TerreStar Networks Inc.; Theia Group, Inc.; and Windstream
Holdings, Inc. Prior to joining PJT Partners, he worked at Blackstone for over five
years, serving as a Vice President. Mr. Schlappig received a BA from Cornell
University and an MBA from Columbia Business School.
Amit Sharma. Amit Sharma is a Managing Director focused on Healthcare in the
Strategic Advisory Group at PJT Partners, based in Los Angeles. Prior to joining
PJT Partners in 2020, Mr. Sharma was an Entrepreneur during which time he
successfully founded and exited multiple startups in the Healthcare space. Previous
to entrepreneurship, Mr. Sharma held various leadership roles of increasing
responsibility at Amgen, across Commercial, Finance and Corporate Strategy
functions. During this time, Amit lived/worked in Asia, Europe, North and South
America. Mr. Sharma started his banking career at J.P. Morgan focusing on
Biopharma M&A across both New York and London. He received a BA in Biology
(specialization in genetics) from The University of Chicago.
Sammy Lamali. Sammy Lamali is a Director at PJT Partners with a focus on the
healthcare sector. Mr. Lamali joined PJT in 2023 from Morgan Stanley where he
was an Executive Director in the EMEA Healthcare Investment Banking team and
advised companies on a range of M&A, equity and debt transactions. Prior to that
Mr. Lamali was a Director in the EMEA Healthcare Investment Banking team at
BNP Paribas and Director of Corporate Healthcare M&A in EMEA at McKesson.
Mr. Lamali holds a master’s degree in biotech engineering from Institut
Sup'Biotech de Paris.
Dylan Friesner. Dylan Friesner is a Vice President in the Restructuring and Special
Situations Group at PJT Partners, based in New York. Mr. Friesner has advised
companies, sponsors, and creditors in a variety of restructuring and liability
management transactions across various industries. Mr. Friesner received a BA and
a BS from Indiana University, an MBA from the Wharton School at the University
of Pennsylvania, and a JD from the University of Pennsylvania Law School. Mr.
Friesner is a CFA charterholder.
May Li. May Li is an Associate in the Strategic Advisory group at PJT Partners,
based in Los Angeles. She joined the firm in 2021. Ms. Li received a BBA in
Strategy & Finance from the University of Michigan and an MBA from the
Wharton School at the University of Pennsylvania.
Ahmad Choudhry. Ahmad Choudhry is an Analyst in the Restructuring and
Special Situations Group at PJT Partners, based in New York. He joined the firm
in 2023. Mr. Choudhry graduated summa cum laude from the Macaulay Honors
College at Baruch College with a BBA in Finance.
Raymond Mason. From July 2022 until June 2024, Raymond Mason was an
Analyst in the Restructuring and Special Situations Group at PJT Partners, based
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 4 of 27
in New York. Mr. Mason graduated from the University of Pennsylvania with a
BS in Computer Science and a BS in Economics, Business Analytics, & Finance.
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APPENDIX B
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 6 of 27
s
August 14, 2024
Charles Braley
Vyaire Medical, Inc.
26126 N Riverwoods Blvd
Mettawa, IL 60045
Monthly Fee pro-rated for the period of June 9, 2024 through June 30, 2024: (1) $ 128,333.33
Less: 20% Holdback (25,666.67)
(2)
Out-of-pocket expenses processed through July 23, 2024:
Meals $ 145.00 145.00
Total Amount Due $ 102,811.66
Invoice No. 10028852
(1)
Pro-rated Monthly Fee calculated as follows: 22 days out of 30 days multiplied by $175,000. PJT Partners LP
(2)
Expenses incurred, but not yet processed due to timing differences will be billed at a later date. Finance Department - 17th Floor
280 Park Avenue
New York, NY 10017
212 364-78000
pjtaccountingus@pjtpartners.com
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 7 of 27
Vyaire Medical, Inc.
Summary of Expenses
GL Detail Total
Jul-24 Expenses
Employee Meals $ 145.00 $ 145.00
Total $ 145.00 $ 145.00
Meals $ 145.00
Total Expenses $ 145.00
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 8 of 27
Vyaire Medical, Inc.
Detail of Expenses Processed
Through July 23, 2024
Invoice No. 10028852
Employee Meals
Choudhry (weekend working lunch meal) 06/09/24 25.00
Friesner (weekend working lunch meal) 06/09/24 25.00
Friesner (weekend working dinner meal) 06/09/24 35.00
Mason (weekend working lunch meal) 06/09/24 25.00
Mason (weekend working dinner meal) 06/09/24 35.00
Subtotal - Employee Meals $ 145.00
Total Expenses $ 145.00
Page 3 of 3
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 9 of 27
APPENDIX C
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PJT PARTNERS LP
SUMMARY OF HOURS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Title Hours
Jamie Baird Partner 17.0
Rakesh Patel Partner 2.0
Michael Schlappig Managing Director 41.5
Amit Sharma Managing Director 2.0
Sammy Lamali Director 2.0
Dylan Friesner Vice President 110.5
May Li Associate 2.0
Ahmad Choudhry Analyst 121.0
Raymond Mason Analyst 70.5
Total 368.5
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PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Jamie Baird 06/10/24 0.5 Call with Counsel re First Day Hearing prep
Jamie Baird 06/10/24 0.5 Update call with Lenders and Management
Jamie Baird 06/10/24 0.5 Internal discussion re First Day filings
Jamie Baird 06/10/24 1.0 Reviewed First Day filings
Jamie Baird 06/11/24 2.0 First Day Hearing
Jamie Baird 06/11/24 0.5 Internal meeting re sale process
Jamie Baird 06/13/24 0.5 Status call with Management and Debtors' advisors
Jamie Baird 06/17/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Jamie Baird 06/17/24 0.5 Call with Alix re Debtors' assets
Jamie Baird 06/18/24 0.5 Diligence call with interested party
Jamie Baird 06/18/24 0.5 Diligence call with interested party
Jamie Baird 06/18/24 0.5 Internal meeting re sale process
Jamie Baird 06/20/24 1.0 Special committee meeting
Jamie Baird 06/21/24 1.0 Diligence call with interested party
Jamie Baird 06/21/24 0.5 Diligence call with interested party
Jamie Baird 06/24/24 0.5 Status call with Management and Debtors' advisors
Jamie Baird 06/24/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Jamie Baird 06/25/24 0.5 Internal meeting re sale process
Jamie Baird 06/25/24 0.5 Review of draft court documents
Jamie Baird 06/26/24 1.0 Special committee meeting
Jamie Baird 06/26/24 1.0 Review of documents related to sales process
Jamie Baird 06/27/24 0.5 Diligence call with interested party
Jamie Baird 06/27/24 0.5 Update call with Lenders' advisors
Jamie Baird 06/27/24 0.5 Status call with Management and Debtors' advisors
Jamie Baird 06/27/24 1.0 Review of documents related to sales process
17.0
Page 2 of 18
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PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Rakesh Patel 06/13/24 0.5 Internal meeting re sale process
Rakesh Patel 06/13/24 0.5 Internal meeting re sale process
Rakesh Patel 06/14/24 0.5 Internal meeting re sale process
Rakesh Patel 06/15/24 0.5 Internal meeting re sale process
2.0
Page 3 of 18
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PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Michael Schlappig 06/10/24 0.5 Call with Counsel re declarations
Michael Schlappig 06/10/24 0.5 Internal discussion re declarations
Michael Schlappig 06/10/24 1.0 Call with Counsel re First Day Hearing prep
Michael Schlappig 06/10/24 0.5 Update call with Lenders and Management
Michael Schlappig 06/10/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 06/10/24 0.5 Call with Alix Partners re Debtors' assets
Michael Schlappig 06/10/24 1.5 Review of First Day filings
Michael Schlappig 06/10/24 0.5 Internal discussion re First Day filings
Michael Schlappig 06/11/24 0.5 Call with Counsel re First Day Hearing prep
Michael Schlappig 06/11/24 0.5 Review of materials for sale process
Michael Schlappig 06/11/24 2.0 First Day Hearing
Michael Schlappig 06/11/24 0.5 Diligence call with interested party
Michael Schlappig 06/11/24 0.5 Diligence call with interested party
Michael Schlappig 06/11/24 0.5 Review of email correspondence
Michael Schlappig 06/11/24 0.5 Internal meeting re sale process
Michael Schlappig 06/12/24 0.5 Internal process meeting
Michael Schlappig 06/12/24 0.5 Review of materials for sale process
Michael Schlappig 06/12/24 0.5 Diligence call with interested party
Michael Schlappig 06/12/24 0.5 Review of email correspondence
Michael Schlappig 06/13/24 0.5 Internal meeting re sale process
Michael Schlappig 06/13/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 06/13/24 0.5 Review of declaration
Michael Schlappig 06/14/24 0.5 Diligence call with interested party
Michael Schlappig 06/14/24 0.5 Diligence call with interested party
Michael Schlappig 06/17/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Michael Schlappig 06/17/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 06/17/24 0.5 Call with Alix re Debtors' assets
Michael Schlappig 06/17/24 0.5 Review of email correspondence
Michael Schlappig 06/18/24 0.5 Internal meeting re sale process
Michael Schlappig 06/18/24 0.5 Diligence call with interested party
Michael Schlappig 06/18/24 0.5 Diligence call with interested party
Michael Schlappig 06/18/24 0.5 Review of email correspondence
Michael Schlappig 06/19/24 0.5 Diligence call with interested party
Michael Schlappig 06/19/24 0.5 Status call with Debtors' advisors
Page 4 of 18
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 14 of 27
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Michael Schlappig 06/19/24 0.5 Review of declaration
Michael Schlappig 06/19/24 0.5 Review of email correspondence
Michael Schlappig 06/20/24 1.0 Special committee meeting
Michael Schlappig 06/20/24 0.5 Update call with Lenders' advisors
Michael Schlappig 06/20/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 06/20/24 2.0 Diligence call with interested party
Michael Schlappig 06/20/24 0.5 Review of declaration
Michael Schlappig 06/20/24 0.5 Review of email correspondence
Michael Schlappig 06/21/24 0.5 Diligence call with interested party
Michael Schlappig 06/21/24 1.0 Review of declaration
Michael Schlappig 06/21/24 0.5 Review of email correspondence
Michael Schlappig 06/24/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 06/24/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Michael Schlappig 06/24/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 06/24/24 0.5 Review of declaration
Michael Schlappig 06/24/24 0.5 Review of email correspondence
Michael Schlappig 06/25/24 0.5 Internal meeting re sale process
Michael Schlappig 06/26/24 1.0 Special committee meeting
Michael Schlappig 06/26/24 0.5 Diligence call with interested party
Michael Schlappig 06/26/24 0.5 Review of corporate entities and functions
Michael Schlappig 06/26/24 0.5 Diligence call with interested party
Michael Schlappig 06/26/24 1.0 Review of documents related to sale process
Michael Schlappig 06/26/24 0.5 Review of draft court filings
Michael Schlappig 06/26/24 0.5 Review of email correspondence
Michael Schlappig 06/27/24 0.5 Update call with Lenders' advisors
Michael Schlappig 06/27/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 06/27/24 0.5 Review of draft court filings
Michael Schlappig 06/27/24 0.5 Update call with Lenders' advisors
Michael Schlappig 06/27/24 2.0 Review of documents related to sale process
Michael Schlappig 06/28/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 06/29/24 1.0 Review of email correspondence
Michael Schlappig 06/30/24 0.5 Review of email correspondence
41.5
Page 5 of 18
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PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Amit Sharma 06/13/24 0.5 Internal meeting re sale process
Amit Sharma 06/13/24 0.5 Internal meeting re sale process
Amit Sharma 06/14/24 0.5 Internal meeting re sale process
Amit Sharma 06/15/24 0.5 Internal meeting re sale process
2.0
Page 6 of 18
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PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Sammy Lamali 06/13/24 0.5 Internal meeting re sale process
Sammy Lamali 06/13/24 0.5 Internal meeting re sale process
Sammy Lamali 06/14/24 0.5 Internal meeting re sale process
Sammy Lamali 06/15/24 0.5 Internal meeting re sale process
2.0
Page 7 of 18
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 17 of 27
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Dylan Friesner 06/11/24 2.0 First Day Hearing
Dylan Friesner 06/11/24 0.5 Diligence call with interested party
Dylan Friesner 06/11/24 3.0 Diligence call with interested party
Dylan Friesner 06/11/24 2.0 Email correspondence
Dylan Friesner 06/11/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/11/24 0.5 Internal meeting re sale process
Dylan Friesner 06/11/24 0.5 Sale process contact log maintenance
Dylan Friesner 06/12/24 0.5 Diligence call with interested party
Dylan Friesner 06/12/24 1.5 Diligence call with interested party
Dylan Friesner 06/12/24 0.5 Diligence call with interested party
Dylan Friesner 06/12/24 0.5 Diligence call with interested party
Dylan Friesner 06/12/24 0.5 Internal process meeting
Dylan Friesner 06/12/24 2.0 Email correspondence
Dylan Friesner 06/12/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/12/24 0.5 Sale process contact log maintenance
Dylan Friesner 06/13/24 0.5 Internal meeting re sale process
Dylan Friesner 06/13/24 0.5 Diligence call with interested party
Dylan Friesner 06/13/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/13/24 2.0 Email correspondence
Dylan Friesner 06/13/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/13/24 0.5 Sale process contact log maintenance
Dylan Friesner 06/14/24 2.0 Diligence call with interested party
Dylan Friesner 06/14/24 0.5 Diligence call with interested party
Dylan Friesner 06/14/24 0.5 Diligence call with interested party
Dylan Friesner 06/14/24 2.0 Email correspondence
Dylan Friesner 06/14/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/14/24 0.5 Sale process contact log maintenance
Dylan Friesner 06/17/24 3.0 Diligence call with interested party
Dylan Friesner 06/17/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Dylan Friesner 06/17/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/17/24 0.5 Call with Alix re Debtors' assets
Dylan Friesner 06/17/24 2.0 Email correspondence
Dylan Friesner 06/17/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/17/24 0.5 Sale process contact log maintenance
Page 8 of 18
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 18 of 27
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Dylan Friesner 06/18/24 0.5 Internal meeting re sale process
Dylan Friesner 06/18/24 1.0 Diligence call with interested party
Dylan Friesner 06/18/24 0.5 Diligence call with interested party
Dylan Friesner 06/18/24 0.5 Diligence call with interested party
Dylan Friesner 06/18/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/18/24 0.3 Diligence call with interested party
Dylan Friesner 06/18/24 2.0 Email correspondence
Dylan Friesner 06/18/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/18/24 0.5 Sale process contact log maintenance
Dylan Friesner 06/19/24 0.5 Diligence call with interested party
Dylan Friesner 06/19/24 3.0 Diligence call with interested party
Dylan Friesner 06/19/24 0.5 Status call with Debtors' advisors
Dylan Friesner 06/19/24 0.5 Diligence call with interested party
Dylan Friesner 06/19/24 1.0 Diligence call with interested party
Dylan Friesner 06/19/24 2.0 Email correspondence
Dylan Friesner 06/19/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/19/24 0.5 Sale process contact log maintenance
Dylan Friesner 06/20/24 1.0 Special committee meeting
Dylan Friesner 06/20/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/20/24 0.5 Update call with Lenders' advisors
Dylan Friesner 06/20/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/20/24 2.0 Diligence call with interested party
Dylan Friesner 06/20/24 0.8 Diligence call with interested party
Dylan Friesner 06/20/24 2.0 Email correspondence
Dylan Friesner 06/20/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/20/24 0.5 Sale process contact log maintenance
Dylan Friesner 06/21/24 1.0 Diligence call with interested party
Dylan Friesner 06/21/24 1.0 Diligence call with interested party
Dylan Friesner 06/21/24 1.0 Diligence call with interested party
Dylan Friesner 06/21/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/21/24 1.0 Diligence call with interested party
Dylan Friesner 06/21/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/21/24 0.5 Diligence call with interested party
Dylan Friesner 06/21/24 2.0 Email correspondence
Page 9 of 18
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 19 of 27
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Dylan Friesner 06/21/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/21/24 0.5 Sale process contact log maintenance
Dylan Friesner 06/24/24 0.5 Diligence call with interested party
Dylan Friesner 06/24/24 0.5 Diligence call with interested party
Dylan Friesner 06/24/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/24/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Dylan Friesner 06/24/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/24/24 0.5 Diligence call with interested party
Dylan Friesner 06/24/24 0.5 Diligence call with interested party
Dylan Friesner 06/24/24 1.0 Status call with Management and Debtors' advisors
Dylan Friesner 06/24/24 0.5 Diligence call with interested party
Dylan Friesner 06/24/24 0.5 Diligence call with interested party
Dylan Friesner 06/24/24 2.0 Email correspondence
Dylan Friesner 06/24/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/24/24 0.5 Sale process contact log maintenance
Dylan Friesner 06/25/24 0.5 Internal meeting re sale process
Dylan Friesner 06/25/24 0.5 Diligence call with interested party
Dylan Friesner 06/25/24 0.5 Diligence call with interested party
Dylan Friesner 06/25/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/25/24 0.5 Diligence call with interested party
Dylan Friesner 06/25/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/25/24 2.0 Email correspondence
Dylan Friesner 06/25/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/25/24 0.5 Sale process contact log maintenance
Dylan Friesner 06/26/24 1.0 Special committee meeting
Dylan Friesner 06/26/24 0.5 Diligence call with interested party
Dylan Friesner 06/26/24 1.0 Diligence call with interested party
Dylan Friesner 06/26/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/26/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/26/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/26/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/26/24 1.0 Diligence call with interested party
Dylan Friesner 06/26/24 0.5 Diligence call with interested party
Dylan Friesner 06/26/24 1.0 Diligence call with interested party
Page 10 of 18
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 20 of 27
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Dylan Friesner 06/26/24 1.0 Diligence call with interested party
Dylan Friesner 06/26/24 2.0 Email correspondence
Dylan Friesner 06/26/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/26/24 1.0 Review of documents related to sales process
Dylan Friesner 06/26/24 0.5 Sale process contact log maintenance
Dylan Friesner 06/27/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/27/24 0.5 Diligence call with interested party
Dylan Friesner 06/27/24 0.5 Diligence call with interested party
Dylan Friesner 06/27/24 0.5 Update call with Lenders' advisors
Dylan Friesner 06/27/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/27/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/27/24 2.0 Email correspondence
Dylan Friesner 06/27/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/27/24 1.0 Review of documents related to sales process
Dylan Friesner 06/27/24 0.5 Sale process contact log maintenance
Dylan Friesner 06/28/24 0.5 Diligence call with interested party
Dylan Friesner 06/28/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/28/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/28/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 06/28/24 2.0 Email correspondence
Dylan Friesner 06/28/24 1.0 Sales process management and bidder diligence support
Dylan Friesner 06/28/24 0.5 Sale process contact log maintenance
110.5
Page 11 of 18
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 21 of 27
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
May Li 06/13/24 0.5 Internal meeting re sale process
May Li 06/13/24 0.5 Internal meeting re sale process
May Li 06/14/24 0.5 Internal meeting re sale process
May Li 06/15/24 0.5 Internal meeting re sale process
2.0
Page 12 of 18
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 22 of 27
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Ahmad Choudhry 06/11/24 2.0 First Day Hearing
Ahmad Choudhry 06/11/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/11/24 3.0 Diligence call with interested party
Ahmad Choudhry 06/11/24 0.5 Internal meeting re sale process
Ahmad Choudhry 06/11/24 2.0 Email correspondence
Ahmad Choudhry 06/11/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/12/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/12/24 1.5 Diligence call with interested party
Ahmad Choudhry 06/12/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/12/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/12/24 0.5 Internal process meeting
Ahmad Choudhry 06/12/24 2.0 Email correspondence
Ahmad Choudhry 06/12/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/13/24 0.5 Internal meeting re sale process
Ahmad Choudhry 06/13/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/13/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/13/24 2.0 Email correspondence
Ahmad Choudhry 06/13/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/14/24 2.0 Diligence call with interested party
Ahmad Choudhry 06/14/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/14/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/14/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/14/24 2.0 Email correspondence
Ahmad Choudhry 06/14/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/15/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/15/24 2.0 Email correspondence
Ahmad Choudhry 06/15/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/17/24 3.0 Diligence call with interested party
Ahmad Choudhry 06/17/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Ahmad Choudhry 06/17/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/17/24 0.5 Call with Alix re Debtors' assets
Ahmad Choudhry 06/17/24 2.0 Email correspondence
Ahmad Choudhry 06/17/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/18/24 0.5 Internal meeting re sale process
Page 13 of 18
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 23 of 27
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Ahmad Choudhry 06/18/24 1.0 Diligence call with interested party
Ahmad Choudhry 06/18/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/18/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/18/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/18/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/18/24 0.3 Diligence call with interested party
Ahmad Choudhry 06/18/24 2.0 Email correspondence
Ahmad Choudhry 06/18/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/19/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/19/24 3.0 Diligence call with interested party
Ahmad Choudhry 06/19/24 0.5 Status call with Debtors' advisors
Ahmad Choudhry 06/19/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/19/24 1.0 Diligence call with interested party
Ahmad Choudhry 06/19/24 2.0 Email correspondence
Ahmad Choudhry 06/19/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/20/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/20/24 0.5 Update call with Lenders' advisors
Ahmad Choudhry 06/20/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/20/24 2.0 Diligence call with interested party
Ahmad Choudhry 06/20/24 0.8 Diligence call with interested party
Ahmad Choudhry 06/20/24 2.0 Email correspondence
Ahmad Choudhry 06/20/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/21/24 1.0 Diligence call with interested party
Ahmad Choudhry 06/21/24 1.0 Diligence call with interested party
Ahmad Choudhry 06/21/24 1.0 Diligence call with interested party
Ahmad Choudhry 06/21/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/21/24 1.0 Diligence call with interested party
Ahmad Choudhry 06/21/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/21/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/21/24 2.0 Email correspondence
Ahmad Choudhry 06/21/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/24/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/24/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/24/24 0.5 Status call with Management and Debtors' advisors
Page 14 of 18
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 24 of 27
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Ahmad Choudhry 06/24/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Ahmad Choudhry 06/24/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/24/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/24/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/24/24 1.0 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/24/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/24/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/24/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/24/24 2.0 Email correspondence
Ahmad Choudhry 06/24/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/25/24 0.5 Internal meeting re sale process
Ahmad Choudhry 06/25/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/25/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/25/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/25/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/25/24 2.0 Email correspondence
Ahmad Choudhry 06/25/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/26/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/26/24 1.0 Diligence call with interested party
Ahmad Choudhry 06/26/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/26/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/26/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/26/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/26/24 1.0 Diligence call with interested party
Ahmad Choudhry 06/26/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/26/24 1.0 Diligence call with interested party
Ahmad Choudhry 06/26/24 1.0 Diligence call with interested party
Ahmad Choudhry 06/26/24 2.0 Email correspondence
Ahmad Choudhry 06/26/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/26/24 1.0 Review of documents related to sales process
Ahmad Choudhry 06/27/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/27/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/27/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/27/24 0.5 Update call with Lenders' advisors
Page 15 of 18
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 25 of 27
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Ahmad Choudhry 06/27/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/27/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/27/24 2.0 Email correspondence
Ahmad Choudhry 06/27/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 06/27/24 1.0 Review of documents related to sales process
Ahmad Choudhry 06/28/24 0.5 Diligence call with interested party
Ahmad Choudhry 06/28/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/28/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/28/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 06/28/24 2.0 Email correspondence
Ahmad Choudhry 06/28/24 2.0 Sales process management and bidder diligence support
121.0
Page 16 of 18
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 26 of 27
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Raymond Mason 06/11/24 2.0 First Day Hearing
Raymond Mason 06/11/24 0.5 Diligence call with interested party
Raymond Mason 06/11/24 3.0 Diligence call with interested party
Raymond Mason 06/11/24 2.0 Email correspondence
Raymond Mason 06/11/24 2.0 Sales process management and bidder diligence support
Raymond Mason 06/12/24 0.5 Diligence call with interested party
Raymond Mason 06/12/24 1.5 Diligence call with interested party
Raymond Mason 06/12/24 0.5 Diligence call with interested party
Raymond Mason 06/12/24 0.5 Diligence call with interested party
Raymond Mason 06/12/24 0.5 Internal process meeting
Raymond Mason 06/12/24 2.0 Email correspondence
Raymond Mason 06/12/24 2.0 Sales process management and bidder diligence support
Raymond Mason 06/13/24 0.5 Internal meeting re sale process
Raymond Mason 06/13/24 0.5 Status call with Management and Debtors' advisors
Raymond Mason 06/13/24 0.5 Diligence call with interested party
Raymond Mason 06/13/24 0.5 Diligence call with interested party
Raymond Mason 06/13/24 0.5 Diligence call with interested party
Raymond Mason 06/13/24 2.0 Email correspondence
Raymond Mason 06/13/24 2.0 Sales process management and bidder diligence support
Raymond Mason 06/14/24 2.0 Diligence call with interested party
Raymond Mason 06/14/24 0.5 Status call with Management and Debtors' advisors
Raymond Mason 06/14/24 0.5 Diligence call with interested party
Raymond Mason 06/14/24 0.5 Diligence call with interested party
Raymond Mason 06/14/24 2.0 Email correspondence
Raymond Mason 06/14/24 2.0 Sales process management and bidder diligence support
Raymond Mason 06/17/24 3.0 Diligence call with interested party
Raymond Mason 06/17/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Raymond Mason 06/17/24 0.5 Call with Alix re Debtors' assets
Raymond Mason 06/17/24 2.0 Email correspondence
Raymond Mason 06/17/24 2.0 Sales process management and bidder diligence support
Raymond Mason 06/18/24 1.0 Diligence call with interested party
Raymond Mason 06/18/24 0.5 Diligence call with interested party
Raymond Mason 06/18/24 0.5 Diligence call with interested party
Raymond Mason 06/18/24 0.3 Diligence call with interested party
Page 17 of 18
Case 24-11217-BLS Doc 389-2 Filed 08/15/24 Page 27 of 27
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
JUNE 9, 2024 THROUGH JUNE 30, 2024
Professional Date Hours Explanation
Raymond Mason 06/18/24 2.0 Email correspondence
Raymond Mason 06/18/24 2.0 Sales process management and bidder diligence support
Raymond Mason 06/19/24 3.0 Diligence call with interested party
Raymond Mason 06/19/24 0.5 Diligence call with interested party
Raymond Mason 06/19/24 1.0 Diligence call with interested party
Raymond Mason 06/19/24 2.0 Email correspondence
Raymond Mason 06/19/24 2.0 Sales process management and bidder diligence support
Raymond Mason 06/20/24 0.5 Status call with Management and Debtors' advisors
Raymond Mason 06/20/24 0.5 Update call with Lenders' advisors
Raymond Mason 06/20/24 0.5 Status call with Management and Debtors' advisors
Raymond Mason 06/20/24 2.0 Diligence call with interested party
Raymond Mason 06/20/24 0.8 Diligence call with interested party
Raymond Mason 06/20/24 2.0 Email correspondence
Raymond Mason 06/20/24 2.0 Sales process management and bidder diligence support
Raymond Mason 06/21/24 1.0 Diligence call with interested party
Raymond Mason 06/21/24 1.0 Diligence call with interested party
Raymond Mason 06/21/24 0.5 Status call with Management and Debtors' advisors
Raymond Mason 06/21/24 1.0 Diligence call with interested party
Raymond Mason 06/21/24 0.5 Status call with Management and Debtors' advisors
Raymond Mason 06/21/24 0.5 Diligence call with interested party
Raymond Mason 06/21/24 2.0 Email correspondence
Raymond Mason 06/21/24 2.0 Sales process management and bidder diligence support
70.5
Page 18 of 18
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