"Davis Polk Advises Creditors in Anthology Inc. Chapter 11 Restructuring"

"Davis Polk is advising a group of creditors in the chapter 11 restructuring of Anthology Inc., which filed for bankruptcy on September 29, 2025. The creditors, holding significant portions of Anthology's loans, have reached a restructuring support agreement that includes a sale process for certain business segments and a reorganization of its Teaching & Learning division, backed by new financing. Anthology, a major education technology provider, has secured $50 million in new loans and additional financing to support its operations. The restructuring team from Davis Polk includes various partners and associates from their New York and Washington DC offices."

Davis Polk & Wardwell LLP is advising an ad hoc group of creditors in connection with the chapter 11 restructuring of Anthology Inc. On September 29, 2025, Anthology Inc. and certain of its subsidiaries filed voluntary chapter 11 petitions in the United States Bankruptcy Court for the Southern District of Texas. The ad hoc group, which holds significant portions of Anthology’s prepetition superpriority first-out and second-out term loans, executed a restructuring support agreement with Anthology prior to the filing. This agreement outlines a sale process supported by two stalking horse bids for Anthology’s business segments, a reorganization of its Teaching & Learning business, and fully backstopped debtor-in-possession (DIP) financing, which includes $50 million in new loans and a $50 million roll-up of prepetition loans. The Davis Polk restructuring team includes partners Damian S. Schaible and David Schiff, counsel Joshua Y. Sturm, and associates Amber Leary, Mathew Bruno Masaro, Jacob Goldberger, and Eva (Luying) Wang. The restructuring finance team consists of partner Christian Fischer, counsel Timothy H. Oyen, and associates Carly (Yoona) Cha and Benjamin J. Carlin. The corporate team features partner Michael Senders and counsel Jacob S. Kleinman. Counsel Tracy L. Matlock is providing tax advice, while partners Nathaniel L. Asker and associate Ilana M. Rice are offering antitrust advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

"Davis Polk Advises Creditors in Anthology Inc. Chapter 11 Restructuring"

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