Mudrick Capital as a creditor of Vroom, Inc. in connection with its prepackaged chapter 11 plan of reorganization
On January 14, 2025, Vroom, Inc., a leading automotive finance company and a data, AI-powered analytics and digital services platform supporting the automotive industry, announced that it successfully completed a comprehensive recapitalization pursuant to a prepackaged chapter 11 plan of reorganization. Under the plan, holders of Vroom’s unsecured convertible senior notes, including Mudrick Capital Management, L.P., received approximately 93% of the equity in the reorganized company.
Wachtell, Lipton, Rosen & Katz is serving as counsel to Mudrick Capital Management, L.P.