Fortress and Greenhill are both based in New York. Greenhill advised London-based Diageo on the recent $2.26 billion sale of Miami-based Burger King to a Fort Worth-led investment consortium comprised of Texas Pacific Group, Boston-based Bain Capital, owner of Domino's Pizza chain, and Goldman Sachs Capital Partners of New York.
For Pinnacle, Fortress and Greenhill are providing a total $205 million, Pinnacle says in its reorganization plan filed in U.S. Bankruptcy Court for the Southern District of New York.
The plan involves Fortress purchasing 13.7 million Pinnacle shares and Greenhill buying 6.75 million shares. Senior notes will be cancelled in exchange for $114 million, or $350.77 per $1,000 par value bond.
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