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GEE Group Eliminates Over $47 Million in Debt and Mezzanine Financing

Loeb & Loeb represented GEE Group., a provider of professional staffing services and human resource solutions, in its successful completion of an out-of-court recapitalization and financial restructuring. The transaction eliminated over approximately $47 million in subordinated debt and mezzanine preferred stock financing. Over $40 million, pre-tax, has also been added to GEE Group's stockholders' equity.

The Loeb team that facilitated the restructuring included partners Angela Dowd and Dan Besikof, as well as co-chair of the firm’s Capital Markets and Corporate practice Mitch Nussbaum.

Media coverage for this deal has been featured on Yahoo! Finance and The Global Legal Chronicle, among other outlets.