Matters
Chapter 11 Restructurings
- Representation of a public national pharmacy retailer in Chapter 11 cases in New Jersey addressing more than $3 billion of prepetition funded debt and resolving more than $2.5 billion in pending and threatened litigation.
- Representation of a public solar energy company in Chapter 11 cases in Delaware involving more than $2 billion of prepetition funded indebtedness and going-concern sales of key businesses.
- Representation of a private global sports, outdoor and lifestyle apparel brand operator in Chapter 11 cases in Delaware addressing approximately $98 million of prepetition funded debt through a monetization and wind-down process, including going-concern sales of non-U.S. businesses.
- Representation of a private provider of energy control solutions in Chapter 11 cases in Indiana involving significant prepetition product liability litigation.
- Representation of a private department store chain in prepackaged Chapter 11 cases in Texas that eliminated $450 million of prepetition funded debt and provided $225 million of new capital.
- Representation of a private multi-state hospital system in Chapter 11 cases in Texas that addressed more than $600 million of prepetition liabilities, including a going-concern sale of certain hospitals.
- Representation of a private Irish regional aircraft lessor in prearranged Chapter 11 cases in Virginia addressing more than $7.7 billion of prepetition liabilities.
- Representation of a private technology company in prepackaged Chapter 11 cases in Delaware that eliminated approximately $1.1 billion of prepetition funded debt and provided $100 million in new capital.
- Representation of a private provider of mineral-based and material solutions for energy and industrial markets in prearranged Chapter 11 cases in Texas that addressed approximately $1.6 billion of prepetition funded debt and effectuated a material operational restructuring.
- Representation of a private medical imaging and nondestructive testing products company in prepackaged Chapter 11 cases in Delaware addressing more than $1.3 billion of prepetition funded debt and providing new liquidity.
- Representation of a private global technology-enabled business process outsourcing and product support services provider in prepackaged Chapter 11 cases in Texas that eliminated approximately $513 million of prepetition funded debt.
- Representation of a private provider of aftermarket mobile device management services in prepackaged Chapter 11 cases in Delaware addressing $650 million of prepetition funded debt. As part of their comprehensive restructuring, the debtors also consummated a legacy business sale and a strategic acquisition.
- Representation of a private metallurgical coal producer in prepackaged Chapter 11 cases in Delaware that eliminated approximately $650 million of nearly $1.1 billion of prepetition funded debt.
- Representation of a private provider of international contract drilling, drilling-related services and rental tools in prearranged Chapter 11 cases in Texas that eliminated $375 million of prepetition funded debt and raised $95 million of new equity capital.
- Representation of a public national media company in the Chapter 11 cases of Diamond Sports Group and its subsidiaries, which addressed more than $8.8 billion of prepetition funded debt.
- Representation of an ad hoc group of noteholders and debtor-in-possession lenders of Quorum Health Corporation and its debtor affiliates in prepackaged Chapter 11 cases in Delaware, which addressed more than $1.2 billion of prepetition funded debt and provided up to $250 million of new equity capital.
Out-of-Court Restructurings and Recapitalizations
- Representation of a private vehicle transportation and logistics services provider in an out-of-court debt exchange and rights offering that eliminated $365 million of funded debt and raised new capital.
- Representation of a private global consumer products company in a comprehensive out-of-court recapitalization that addressed more than $1.5 billion of funded debt and raised more than $50 million of new capital.
- Representation of a private national marketing and financial technology company in a comprehensive out-of-court recapitalization that addressed more than $2.3 billion of funded debt.
- Representation of other portfolio companies of various sponsors in out-of-court restructurings and recapitalizations, including amend-and-extend, new money, and change-of-control transactions.
- Representation of term loan lenders of a private air cargo transport company in a comprehensive out-of-court recapitalization and operational restructuring.