Deluxe Entertainment Services Group Inc. filed Chapter 11 in SDNY as a prepackaged case, with plan acceptances solicited before the petition date source filing. CFO John Eric Cummins described Deluxe as a global content creation-to-distribution business with more than 7,500 employees across 38 media markets, built around Distribution and Creative segments, including Deluxe One, Method, Stereo D, Encore, EFILM and Company 3 source filing.

The opening thesis was a fast balance-sheet restructuring, not an operating wind-down. Deluxe entered with roughly $1.1 billion of prepetition funded debt, including an $880 million existing term loan with $783.5 million outstanding, about $132 million of MAFCO debt, C$50 million of Canadian loans and A$15 million of Australian loans; the debtor reported $453 million of assets against $988 million of liabilities source filing. The RSA had support from lenders holding more than 91% of the priming term loan and more than 58% of the existing term loan, and contemplated a $115 million DIP facility plus a debt-for-equity exchange and exit financing source filing.