PHI, Inc. – Announces Comprehensive Settlement Agreement with Creditors Committee and Lender Thirty Two; Gonsoulin to Step Down as Chairman/CEO, Houlihan Lokey to Take Fee Haircut

June 6, 2019 – Further to Court ordered mediation efforts led by Judge David R. Jones, the Debtors have announced a settlement with their Official Committee of Unsecured Creditors (“the UCC”) and lender Thirty Two, LLC (the "Settlement" and the "Settling Parties," respectively) that “resolves all pending UCC objections and motions and will provide the…