Aspect completed its Chapter 11 restructuring: its confirmed plan became effective on May 25, 2016, ending the case's DIP-financing phase and moving the enterprise into its reorganized capital structure. The filing was a balance-sheet restructuring rather than a stated sale process, following the March 8 maturity of the first-lien revolver and an approaching May 2016 term-loan maturity. At filing, the debtor reported substantial secured leverage and cash-interest obligations, with approximately $794.1 million in funded debt across first-lien revolver and term-loan facilities and second-lien notes, as described in the first-day declarationDkt. 4.