Vyaire re. PJT's Third Monthly Fee Application (08.01 - 08.31.24)
- Date
- 2024-09-26
Summary
Doc 572-2 in the Vyaire Medical bankruptcy, Case 24-11217-BLS, filed September 26, 2024: a 25-page set of appendices supporting PJT Partners LP's third monthly fee application for August 1, 2024 through August 31, 2024. Appendix A gives biographies of four PJT professionals in the Restructuring and Special Situations Group, a partner, a managing director, a vice president and an analyst. Appendix B is an invoice dated September 24, 2024 billing a monthly fee of $175,000.00, less a 20% holdback of $35,000.00, plus $933.11 in out-of-pocket expenses, for a total amount due of $140,933.11, with an itemized expense detail. Appendix C summarizes 627.0 hours for the month and gives daily time entries covering calls with management and advisors, bid review, the auction and the sale hearing.
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Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 1 of 25
APPENDIX A
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 2 of 25
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.
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
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.
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.
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 3 of 25
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.
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 4 of 25
APPENDIX B
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 5 of 25
s
September 24, 2024
Charles Braley
Vyaire Medical, Inc.
26126 N Riverwoods Blvd
Mettawa, IL 60045
Monthly Fee for the period of August 1, 2024 through August 31, 2024: $ 175,000.00
Less: 20% Holdback (35,000.00)
Out-of-pocket expenses processed through September 23, 2024:(1)
Ground Transportation $ 83.76
Communications 74.98
Meals 774.37 933.11
Total Amount Due $ 140,933.11
Invoice No. 10029272
(1)
Expenses incurred, but not yet processed due to timing differences will be billed at a later date. PJT Partners LP
Finance Department - 17th Floor
280 Park Avenue
New York, NY 10017
212 364-78000
pjtaccountingus@pjtpartners.com
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 6 of 25
Vyaire Medical, Inc.
Summary of Expenses
GL Detail Total
Sep-24 Expenses
Ground Transportation $ 83.76 83.76
Communications 74.98 74.98
Employee Meals 774.37 774.37
Total $ 933.11 $ 933.11
Ground Transportation $ 83.76
Communications 74.98
Meals 774.37
Total Expenses $ 933.11
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 7 of 25
Vyaire Medical, Inc.
Detail of Expenses Processed
Through September 23, 2024
Invoice No. 10029272
Ground Transportation
Friesner (weeknight taxi home from office) 08/09/24 83.76
Subtotal - Ground Transportation $ 83.76
Communications
Friesner (mobile access for business calls) 08/21/24 74.98
Subtotal - Communications 74.98
Employee Meals
Choudhry (weekend working lunch meal) 06/09/24 25.00
Choudhry (weeknight working dinner meal) 06/10/24 35.00
Friesner (weekend working lunch meal) 06/09/24 25.00
Friesner (weekend working dinner meal) 06/09/24 35.00
Friesner (weeknight working dinner meal) 06/13/24 34.37
Friesner (weekend working dinner meal) 06/16/24 35.00
Friesner (weeknight working dinner meal) 06/17/24 35.00
Friesner (weeknight working dinner meal) 06/20/24 35.00
Friesner (weeknight working dinner meal) 06/24/24 35.00
Friesner (weekend working dinner meal) 06/30/24 35.00
Friesner (weeknight working dinner meal) 07/02/24 35.00
Friesner (weekend working dinner meal) 07/06/24 35.00
Friesner (weekend working dinner meal) 07/07/24 35.00
Friesner (weeknight working dinner meal) 07/08/24 35.00
Friesner (weeknight working dinner meal) 07/09/24 35.00
Friesner (weeknight working dinner meal) 07/15/24 35.00
Friesner (weeknight working dinner meal) 07/16/24 35.00
Friesner (weekend working dinner meal) 07/18/24 35.00
Friesner (weeknight working dinner meal) 07/24/24 35.00
Friesner (weekend working dinner meal) 08/04/24 35.00
Mason (weekend working lunch meal) 06/09/24 25.00
Mason (weekend working dinner meal) 06/09/24 35.00
Mason (weeknight working dinner meal) 06/25/24 35.00
Subtotal - Employee Meals 774.37
Total Expenses $ 933.11
Page 3 of 3
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 8 of 25
APPENDIX C
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 9 of 25
PJT PARTNERS LP
SUMMARY OF HOURS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Title Hours
Jamie Baird Partner 68.0
Michael Schlappig Managing Director 142.5
Dylan Friesner Vice President 181.5
Ahmad Choudhry Analyst 235.0
Total 627.0
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 10 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Jamie Baird 08/01/24 0.5 Status call with Management and Debtors' advisors
Jamie Baird 08/01/24 0.5 Update call with Lenders' advisors
Jamie Baird 08/01/24 1.0 Call with Management and Debtors' advisors re bids
Jamie Baird 08/01/24 0.5 Special committee meeting
Jamie Baird 08/03/24 1.0 Call with Debtors' advisors re bids
Jamie Baird 08/04/24 1.0 Call with Management and Debtors' advisors re bids
Jamie Baird 08/05/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Jamie Baird 08/05/24 0.5 Status call with Management and Debtors' advisors
Jamie Baird 08/05/24 0.5 Call with Management and Debtors' advisors re bids
Jamie Baird 08/05/24 1.0 Call with Management and Debtors' advisors re bids
Jamie Baird 08/06/24 0.5 Call with Management and Debtors' advisors re bids
Jamie Baird 08/06/24 0.5 Call with Management and Debtors' advisors re bids
Jamie Baird 08/07/24 0.5 Call with Management and Debtors' advisors re bids
Jamie Baird 08/07/24 0.5 Special committee meeting
Jamie Baird 08/08/24 0.5 Status call with Management and Debtors' advisors
Jamie Baird 08/08/24 0.5 Update call with Lenders' advisors
Jamie Baird 08/09/24 0.5 Call with Debtors' advisors re bids
Jamie Baird 08/09/24 0.5 Call with Management and Debtors' advisors re bids
Jamie Baird 08/11/24 1.0 Call with Debtors' advisors re bids
Jamie Baird 08/11/24 1.0 Call with Management and Debtors' advisors re bids
Jamie Baird 08/12/24 15.5 Auction
Jamie Baird 08/13/24 15.5 Auction
Jamie Baird 08/14/24 11.5 Auction
Jamie Baird 08/15/24 0.5 Status call with Management and Debtors' advisors
Jamie Baird 08/15/24 0.5 Update call with Lenders' advisors
Jamie Baird 08/15/24 0.5 Special committee meeting
Jamie Baird 08/16/24 1.0 Call with Management and Debtors' advisors re bids
Jamie Baird 08/16/24 1.0 Call with Management and Debtors' advisors re bids
Jamie Baird 08/17/24 3.0 Diligence call with interested party re APA
Jamie Baird 08/18/24 0.5 Diligence call with interested party
Jamie Baird 08/19/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Jamie Baird 08/19/24 0.5 Status call with Management and Debtors' advisors
Jamie Baird 08/26/24 1.0 Sales Hearing
Jamie Baird 08/28/24 0.5 Special committee meeting
Page 2 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 11 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Jamie Baird 08/29/24 0.5 Status call with Management and Debtors' advisors
Jamie Baird 08/29/24 0.5 Update call with Lenders' advisors
Jamie Baird 08/30/24 2.0 Sales Hearing
68.0
Page 3 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 12 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Michael Schlappig 08/01/24 0.5 Diligence call with interested party
Michael Schlappig 08/01/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 08/01/24 0.5 Update call with Lenders' advisors
Michael Schlappig 08/01/24 0.5 Review of sale documents
Michael Schlappig 08/01/24 3.0 Diligence call with interested party
Michael Schlappig 08/01/24 0.5 Call with Debtors' advisors re bids
Michael Schlappig 08/01/24 1.0 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/01/24 1.0 Review of email correspondence
Michael Schlappig 08/01/24 0.5 Special committee meeting
Michael Schlappig 08/02/24 1.0 Call with Debtors' advisors re bids
Michael Schlappig 08/02/24 1.0 Review of email correspondence
Michael Schlappig 08/03/24 1.0 Call with Debtors' advisors re bids
Michael Schlappig 08/03/24 0.5 Review of board materials
Michael Schlappig 08/03/24 1.0 Review of email correspondence
Michael Schlappig 08/04/24 1.0 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/04/24 1.0 Review of sale documents
Michael Schlappig 08/04/24 1.0 Review of email correspondence
Michael Schlappig 08/05/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Michael Schlappig 08/05/24 1.5 Review of bids
Michael Schlappig 08/05/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 08/05/24 1.0 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/05/24 1.5 Review of email correspondence
Michael Schlappig 08/06/24 0.5 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/06/24 1.0 Review of bids
Michael Schlappig 08/06/24 0.5 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/06/24 0.5 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/06/24 0.5 Update call with UCC advisors
Michael Schlappig 08/06/24 1.0 Review of email correspondence
Michael Schlappig 08/07/24 1.0 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/07/24 1.0 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/07/24 0.5 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/07/24 0.5 Internal meeting re sale process
Michael Schlappig 08/07/24 1.0 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/07/24 5.0 Call with Management and Debtors' advisors re bids
Page 4 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 13 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Michael Schlappig 08/07/24 1.0 Review of email correspondence
Michael Schlappig 08/07/24 0.5 Special committee meeting
Michael Schlappig 08/08/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 08/08/24 0.5 Update call with Lenders' advisors
Michael Schlappig 08/08/24 0.5 Internal meeting re sale process
Michael Schlappig 08/08/24 1.5 Review of sale auction process
Michael Schlappig 08/08/24 1.0 Review of email correspondence
Michael Schlappig 08/09/24 0.5 Call with Debtors' advisors re bids
Michael Schlappig 08/09/24 0.5 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/09/24 0.5 Update call with UCC advisors
Michael Schlappig 08/09/24 0.5 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/09/24 1.0 Review of email correspondence
Michael Schlappig 08/10/24 1.0 Review of sale documents
Michael Schlappig 08/10/24 1.0 Review of email correspondence
Michael Schlappig 08/11/24 1.0 Diligence call with interested party
Michael Schlappig 08/11/24 1.0 Call with Debtors' advisors re bids
Michael Schlappig 08/11/24 0.5 Call with Debtors' advisors re bids
Michael Schlappig 08/11/24 0.5 Diligence call with interested party
Michael Schlappig 08/11/24 1.0 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/11/24 0.5 Update call with UCC advisors
Michael Schlappig 08/11/24 1.0 Review of email correspondence
Michael Schlappig 08/12/24 15.5 Auction
Michael Schlappig 08/12/24 1.0 Review of email correspondence
Michael Schlappig 08/13/24 15.5 Auction
Michael Schlappig 08/13/24 1.0 Review of email correspondence
Michael Schlappig 08/14/24 11.5 Auction
Michael Schlappig 08/14/24 1.0 Review of email correspondence
Michael Schlappig 08/15/24 0.5 Special committee meeting
Michael Schlappig 08/15/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 08/15/24 0.5 Update call with Lenders' advisors
Michael Schlappig 08/15/24 1.0 Review of email correspondence
Michael Schlappig 08/16/24 1.0 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/16/24 0.5 Review of documents related to sale process
Michael Schlappig 08/16/24 1.0 Review of declaration in connection with Sale Orders
Page 5 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 14 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Michael Schlappig 08/16/24 1.0 Call with Management and Debtors' advisors re bids
Michael Schlappig 08/16/24 1.0 Review of email correspondence
Michael Schlappig 08/17/24 3.0 Diligence call with interested party re APA
Michael Schlappig 08/17/24 1.0 Diligence call with interested party re APA
Michael Schlappig 08/17/24 1.0 Review of email correspondence
Michael Schlappig 08/18/24 1.0 Review of email correspondence
Michael Schlappig 08/18/24 0.5 Diligence call with interested party
Michael Schlappig 08/19/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Michael Schlappig 08/19/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 08/19/24 1.0 Review of declaration in connection with Sale Orders
Michael Schlappig 08/19/24 1.0 Review of email correspondence
Michael Schlappig 08/20/24 1.0 Call with Debtors' advisors re bids
Michael Schlappig 08/20/24 0.5 Update call with UCC advisors
Michael Schlappig 08/20/24 1.0 Review of sale documents
Michael Schlappig 08/20/24 1.0 Review of declaration in connection with Sale Orders
Michael Schlappig 08/20/24 1.0 Call with Debtors' advisors re bids
Michael Schlappig 08/20/24 1.0 Review of email correspondence
Michael Schlappig 08/21/24 1.0 Review of declaration in connection with Sale Orders
Michael Schlappig 08/21/24 0.5 Review of email correspondence
Michael Schlappig 08/22/24 1.0 Review of sale documents
Michael Schlappig 08/22/24 0.5 Review of email correspondence
Michael Schlappig 08/23/24 0.5 Call with Debtors' advisors re bids
Michael Schlappig 08/23/24 1.0 Call with Debtors' advisors re Sale Hearing prep
Michael Schlappig 08/23/24 0.5 Internal meeting re sale hearing
Michael Schlappig 08/23/24 0.5 Review of email correspondence
Michael Schlappig 08/24/24 1.0 Sale Hearing prep
Michael Schlappig 08/25/24 0.5 Review of email correspondence
Michael Schlappig 08/25/24 1.0 Sale Hearing prep
Michael Schlappig 08/26/24 2.5 Commute to Delaware for Sale Hearing
Michael Schlappig 08/26/24 0.5 Internal meeting re sale hearing
Michael Schlappig 08/26/24 1.0 Discussions with Debtors and Debtors' advisors post Sale Hearing
Michael Schlappig 08/26/24 1.0 Discussions with Lenders' advisors and UCC advisors post Sale Hearing
Michael Schlappig 08/26/24 1.0 Sales Hearing
Michael Schlappig 08/26/24 3.0 Commute from Delaware (Sale Hearing) to Home
Page 6 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 15 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Michael Schlappig 08/26/24 1.0 Review of email correspondence
Michael Schlappig 08/28/24 0.5 Special committee meeting
Michael Schlappig 08/29/24 0.5 Status call with Management and Debtors' advisors
Michael Schlappig 08/29/24 0.5 Update call with Lenders' advisors
Michael Schlappig 08/29/24 1.0 Review of email correspondence
Michael Schlappig 08/30/24 2.0 Call with Debtors' advisors re Sale Hearing prep
Michael Schlappig 08/30/24 2.0 Sales Hearing
Michael Schlappig 08/30/24 1.0 Review of email correspondence
142.5
Page 7 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 16 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Dylan Friesner 08/01/24 2.0 Email correspondence
Dylan Friesner 08/01/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/01/24 0.5 Diligence call with interested party
Dylan Friesner 08/01/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 08/01/24 0.5 Update call with Lenders' advisors
Dylan Friesner 08/01/24 3.0 Diligence call with interested party
Dylan Friesner 08/01/24 0.5 Status call with Debtors' advisors
Dylan Friesner 08/01/24 0.5 Call with Debtors' advisors re bids
Dylan Friesner 08/01/24 1.0 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/01/24 1.0 Diligence call with interested party
Dylan Friesner 08/01/24 0.5 Special committee meeting
Dylan Friesner 08/02/24 2.0 Email correspondence
Dylan Friesner 08/02/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/02/24 1.0 Call with Debtors' advisors re bids
Dylan Friesner 08/03/24 2.0 Email correspondence
Dylan Friesner 08/03/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/03/24 1.0 Call with Debtors' advisors re bids
Dylan Friesner 08/04/24 2.0 Email correspondence
Dylan Friesner 08/04/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/04/24 1.0 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/05/24 2.0 Email correspondence
Dylan Friesner 08/05/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/05/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Dylan Friesner 08/05/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 08/05/24 0.5 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/05/24 1.0 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/06/24 2.0 Email correspondence
Dylan Friesner 08/06/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/06/24 0.5 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/06/24 0.5 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/06/24 0.5 Diligence call with interested party
Dylan Friesner 08/06/24 0.5 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/06/24 0.5 Update call with UCC advisors
Dylan Friesner 08/07/24 2.0 Email correspondence
Page 8 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 17 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Dylan Friesner 08/07/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/07/24 1.0 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/07/24 1.0 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/07/24 0.5 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/07/24 0.5 Internal meeting re sale process
Dylan Friesner 08/07/24 1.0 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/07/24 5.0 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/07/24 0.5 Special committee meeting
Dylan Friesner 08/08/24 2.0 Email correspondence
Dylan Friesner 08/08/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/08/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 08/08/24 0.5 Update call with Lenders' advisors
Dylan Friesner 08/08/24 0.5 Internal meeting re sale process
Dylan Friesner 08/08/24 0.5 Diligence call with interested party
Dylan Friesner 08/09/24 2.0 Email correspondence
Dylan Friesner 08/09/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/09/24 0.5 Call with Debtors' advisors re bids
Dylan Friesner 08/09/24 0.5 Diligence call with interested party
Dylan Friesner 08/09/24 0.5 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/09/24 0.5 Update call with UCC advisors
Dylan Friesner 08/09/24 0.5 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/11/24 2.0 Email correspondence
Dylan Friesner 08/11/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/11/24 1.0 Diligence call with interested party
Dylan Friesner 08/11/24 1.0 Call with Debtors' advisors re bids
Dylan Friesner 08/11/24 0.5 Call with Debtors' advisors re bids
Dylan Friesner 08/11/24 0.5 Diligence call with interested party
Dylan Friesner 08/11/24 1.0 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/11/24 0.5 Update call with UCC advisors
Dylan Friesner 08/12/24 2.0 Email correspondence
Dylan Friesner 08/12/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/12/24 15.5 Auction
Dylan Friesner 08/13/24 2.0 Email correspondence
Dylan Friesner 08/13/24 0.5 Organization of correspondence with interested parties
Page 9 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 18 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Dylan Friesner 08/13/24 15.5 Auction
Dylan Friesner 08/14/24 2.0 Email correspondence
Dylan Friesner 08/14/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/14/24 11.5 Auction
Dylan Friesner 08/15/24 2.0 Email correspondence
Dylan Friesner 08/15/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/15/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 08/15/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 08/15/24 0.5 Update call with Lenders' advisors
Dylan Friesner 08/15/24 0.5 Special committee meeting
Dylan Friesner 08/16/24 2.0 Email correspondence
Dylan Friesner 08/16/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/16/24 1.0 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/16/24 1.0 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/17/24 2.0 Email correspondence
Dylan Friesner 08/17/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/17/24 3.0 Diligence call with interested party re APA
Dylan Friesner 08/17/24 1.0 Diligence call with interested party re APA
Dylan Friesner 08/18/24 2.0 Email correspondence
Dylan Friesner 08/18/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/18/24 0.5 Diligence call with interested party
Dylan Friesner 08/19/24 2.0 Email correspondence
Dylan Friesner 08/19/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/19/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Dylan Friesner 08/19/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 08/19/24 0.5 Diligence call with interested party
Dylan Friesner 08/20/24 2.0 Email correspondence
Dylan Friesner 08/20/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/20/24 1.0 Call with Debtors' advisors re bids
Dylan Friesner 08/20/24 0.5 Update call with UCC advisors
Dylan Friesner 08/20/24 1.0 Call with Debtors' advisors re bids
Dylan Friesner 08/20/24 1.0 Diligence call with interested party
Dylan Friesner 08/20/24 0.5 Diligence call with interested party
Dylan Friesner 08/20/24 0.5 Diligence call with interested party
Page 10 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 19 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Dylan Friesner 08/22/24 2.0 Email correspondence
Dylan Friesner 08/22/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/22/24 1.0 Diligence call with interested party
Dylan Friesner 08/23/24 2.0 Email correspondence
Dylan Friesner 08/23/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/23/24 0.5 Call with Debtors' advisors re bids
Dylan Friesner 08/23/24 2.0 Call with Management and Debtors' advisors re bids
Dylan Friesner 08/23/24 1.0 Call with Debtors' advisors re Sale Hearing prep
Dylan Friesner 08/23/24 0.5 Internal meeting re sale hearing
Dylan Friesner 08/26/24 2.0 Email correspondence
Dylan Friesner 08/26/24 0.5 Internal meeting re sale process
Dylan Friesner 08/26/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/26/24 0.5 Internal meeting re sale hearing
Dylan Friesner 08/26/24 0.5 Discussions with Lenders' advisors and UCC advisors post Sale Hearing
Dylan Friesner 08/26/24 2.0 Status call with Management and Debtors' advisors
Dylan Friesner 08/26/24 1.0 Sales Hearing
Dylan Friesner 08/28/24 2.0 Email correspondence
Dylan Friesner 08/28/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/28/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 08/28/24 0.5 Special committee meeting
Dylan Friesner 08/29/24 2.0 Email correspondence
Dylan Friesner 08/29/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/29/24 1.0 Diligence call with interested party
Dylan Friesner 08/29/24 1.0 Diligence call with interested party
Dylan Friesner 08/29/24 1.0 Diligence call with interested party
Dylan Friesner 08/29/24 1.0 Diligence call with interested party
Dylan Friesner 08/29/24 1.0 Diligence call with interested party
Dylan Friesner 08/29/24 1.0 Diligence call with interested party
Dylan Friesner 08/29/24 1.0 Diligence call with interested party
Dylan Friesner 08/29/24 0.5 Status call with Management and Debtors' advisors
Dylan Friesner 08/29/24 0.5 Update call with Lenders' advisors
Dylan Friesner 08/30/24 2.0 Email correspondence
Dylan Friesner 08/30/24 0.5 Organization of correspondence with interested parties
Dylan Friesner 08/30/24 2.0 Call with Debtors' advisors re Sale Hearing prep
Page 11 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 20 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Dylan Friesner 08/30/24 2.0 Sales Hearing
Dylan Friesner 08/30/24 1.0 Diligence call with interested party
Dylan Friesner 08/30/24 1.0 Diligence call with interested party
Dylan Friesner 08/30/24 1.0 Diligence call with interested party
Dylan Friesner 08/30/24 1.0 Diligence call with interested party
Dylan Friesner 08/30/24 1.0 Diligence call with interested party
181.5
Page 12 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 21 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Ahmad Choudhry 08/01/24 2.0 Email correspondence
Ahmad Choudhry 08/01/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/01/24 0.5 Diligence call with interested party
Ahmad Choudhry 08/01/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/01/24 0.5 Update call with Lenders' advisors
Ahmad Choudhry 08/01/24 3.0 Diligence call with interested party
Ahmad Choudhry 08/01/24 0.5 Status call with Debtors' advisors
Ahmad Choudhry 08/01/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/01/24 0.5 Call with Debtors' advisors re bids
Ahmad Choudhry 08/01/24 1.0 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/01/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/02/24 2.0 Email correspondence
Ahmad Choudhry 08/02/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/02/24 3.0 Diligence call with interested party
Ahmad Choudhry 08/02/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/02/24 1.0 Call with Debtors' advisors re bids
Ahmad Choudhry 08/03/24 2.0 Email correspondence
Ahmad Choudhry 08/03/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/03/24 1.0 Call with Debtors' advisors re bids
Ahmad Choudhry 08/04/24 2.0 Email correspondence
Ahmad Choudhry 08/04/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/04/24 1.0 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/05/24 2.0 Email correspondence
Ahmad Choudhry 08/05/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/05/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Ahmad Choudhry 08/05/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/05/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/05/24 0.5 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/05/24 1.0 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/06/24 2.0 Email correspondence
Ahmad Choudhry 08/06/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/06/24 0.5 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/06/24 0.5 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/06/24 0.5 Diligence call with interested party
Page 13 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 22 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Ahmad Choudhry 08/06/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/06/24 0.5 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/06/24 0.5 Update call with UCC advisors
Ahmad Choudhry 08/07/24 2.0 Email correspondence
Ahmad Choudhry 08/07/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/07/24 1.0 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/07/24 1.0 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/07/24 0.5 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/07/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/07/24 0.5 Internal meeting re sale process
Ahmad Choudhry 08/07/24 1.0 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/07/24 5.0 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/08/24 2.0 Email correspondence
Ahmad Choudhry 08/08/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/08/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/08/24 0.5 Update call with Lenders' advisors
Ahmad Choudhry 08/08/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/08/24 0.5 Internal meeting re sale process
Ahmad Choudhry 08/08/24 0.5 Diligence call with interested party
Ahmad Choudhry 08/09/24 2.0 Email correspondence
Ahmad Choudhry 08/09/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/09/24 0.5 Call with Debtors' advisors re bids
Ahmad Choudhry 08/09/24 0.5 Diligence call with interested party
Ahmad Choudhry 08/09/24 0.5 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/09/24 0.5 Update call with UCC advisors
Ahmad Choudhry 08/09/24 0.5 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/11/24 2.0 Email correspondence
Ahmad Choudhry 08/11/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/11/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/11/24 1.0 Call with Debtors' advisors re bids
Ahmad Choudhry 08/11/24 0.5 Call with Debtors' advisors re bids
Ahmad Choudhry 08/11/24 0.5 Diligence call with interested party
Ahmad Choudhry 08/11/24 1.0 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/11/24 0.5 Update call with UCC advisors
Page 14 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 23 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Ahmad Choudhry 08/12/24 2.0 Email correspondence
Ahmad Choudhry 08/12/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/12/24 15.5 Auction
Ahmad Choudhry 08/13/24 2.0 Email correspondence
Ahmad Choudhry 08/13/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/13/24 15.5 Auction
Ahmad Choudhry 08/14/24 2.0 Email correspondence
Ahmad Choudhry 08/14/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/14/24 11.5 Auction
Ahmad Choudhry 08/15/24 2.0 Email correspondence
Ahmad Choudhry 08/15/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/15/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/15/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/15/24 0.5 Update call with Lenders' advisors
Ahmad Choudhry 08/15/24 0.5 Diligence call with winning Vents bidder
Ahmad Choudhry 08/16/24 2.0 Email correspondence
Ahmad Choudhry 08/16/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/16/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/16/24 1.0 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/16/24 1.0 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/17/24 2.0 Email correspondence
Ahmad Choudhry 08/17/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/17/24 3.0 Diligence call with interested party re APA
Ahmad Choudhry 08/17/24 1.0 Diligence call with interested party re APA
Ahmad Choudhry 08/18/24 2.0 Email correspondence
Ahmad Choudhry 08/18/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/18/24 0.5 Diligence call with interested party
Ahmad Choudhry 08/19/24 2.0 Email correspondence
Ahmad Choudhry 08/19/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/19/24 0.5 Update call with Lenders' advisors, Lenders, and Management
Ahmad Choudhry 08/19/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/19/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/19/24 0.5 Diligence call with interested party
Ahmad Choudhry 08/20/24 2.0 Email correspondence
Page 15 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 24 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Ahmad Choudhry 08/20/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/20/24 1.0 Call with Debtors' advisors re bids
Ahmad Choudhry 08/20/24 0.5 Update call with UCC advisors
Ahmad Choudhry 08/20/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/20/24 1.0 Call with Debtors' advisors re bids
Ahmad Choudhry 08/20/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/20/24 0.5 Diligence call with interested party
Ahmad Choudhry 08/20/24 0.5 Diligence call with interested party
Ahmad Choudhry 08/21/24 2.0 Email correspondence
Ahmad Choudhry 08/21/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/21/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/22/24 2.0 Email correspondence
Ahmad Choudhry 08/22/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/22/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/22/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/23/24 2.0 Email correspondence
Ahmad Choudhry 08/23/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/23/24 0.5 Call with Debtors' advisors re bids
Ahmad Choudhry 08/23/24 2.0 Call with Management and Debtors' advisors re bids
Ahmad Choudhry 08/23/24 1.0 Call with Debtors' advisors re Sale Hearing prep
Ahmad Choudhry 08/23/24 0.5 Internal meeting re sale hearing
Ahmad Choudhry 08/26/24 2.0 Email correspondence
Ahmad Choudhry 08/26/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/26/24 0.5 Internal meeting re sale hearing
Ahmad Choudhry 08/26/24 0.5 Discussions with Lenders' advisors and UCC advisors post Sale Hearing
Ahmad Choudhry 08/26/24 2.0 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/26/24 1.0 Sales Hearing
Ahmad Choudhry 08/27/24 2.0 Email correspondence
Ahmad Choudhry 08/27/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/27/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/28/24 2.0 Email correspondence
Ahmad Choudhry 08/28/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/28/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/28/24 0.5 Status call with Management and Debtors' advisors
Page 16 of 17
Case 24-11217-BLS Doc 572-2 Filed 09/26/24 Page 25 of 25
PJT PARTNERS LP
HOURLY DETAILS FOR THE PERIOD OF
AUGUST 1, 2024 THROUGH AUGUST 31, 2024
Professional Date Hours Explanation
Ahmad Choudhry 08/29/24 2.0 Email correspondence
Ahmad Choudhry 08/29/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/29/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/29/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/29/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/29/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/29/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/29/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/29/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/29/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/29/24 0.5 Update call with Lenders' advisors
Ahmad Choudhry 08/29/24 0.5 Status call with Management and Debtors' advisors
Ahmad Choudhry 08/30/24 2.0 Email correspondence
Ahmad Choudhry 08/30/24 2.0 Sales process management and bidder diligence support
Ahmad Choudhry 08/30/24 2.0 Call with Debtors' advisors re Sale Hearing prep
Ahmad Choudhry 08/30/24 2.0 Sales Hearing
Ahmad Choudhry 08/30/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/30/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/30/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/30/24 1.0 Diligence call with interested party
Ahmad Choudhry 08/30/24 1.0 Diligence call with interested party
235.0
Page 17 of 17
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