Matters
- Represented a group of lenders to a financially-troubled pharmaceutical company in connection with a comprehensive out-of-court restructuring and recapitalization transaction that included a strategic merger with a national drug distributor and a new working capital facility for the combined business.
- Represented a leading toy company in several recapitalizations and liquidity management transactions, all successfully completed out of court.
- Lead counsel to large Dental Services Organization in the out of court sale of substantially all of its assets, practices, and captive insurance companies and winding down of its business.
- Represented the board of directors of Pei Wei Asian Diner, LLC (“Pei Wei”), a Centerbridge portfolio company, in connection with (i) Pei Wei’s operational and financial separation from PF Chang’s China Bistro, Inc. (“PFCCB”), (ii) the sale of PFCCB to affiliates of Paulson & Co., (iii) financing for Pei Wei that was provided by affiliates of Centerbridge, and (iv) the successful sale of Pei Wei to an affiliate of West Coast Capital.
- Represented the sole independent director of Syncreon Group Holdings B.V. (“Syncreon”), a portfolio company of Centerbridge Partners, L.P. (“Centerbridge”), and Syncreon’s subsidiaries in connection with an out-of-court restructuring that included a “rescue loan” provided by affiliates of Centerbridge.
- Lead counsel to operator of 100 skilled nursing facilities (with assisted living and rehabilitation businesses) in their successful reorganization under chapter 11. This included structuring and closing a complex exit financing for the client on a compressed timeframe, during the initial onset of the COVID-19 Pandemic.
- Lead counsel to a fund client as a lender to a deep sea oilfield service and maintenance company in the Gulf of Mexico. In a very complicated deal that took several months to complete, the lender foreclosed on the assets and subsequently sold those assets to a UK public company. As part of the transaction, the lender was issued convertible notes issued by the UK public company and made certain additional investments in the ongoing enterprise.
- Lead counsel to the creditors’ committee in the bankruptcy proceeding of Cengage Learning, Inc. Cengage filed for Chapter 11 protection on July 2, 2013, with approx. $7.5 billion in assets, making it the largest Chapter 11 filing of 2013. Cengage emerged from bankruptcy on March 31, 2014.
