Cases
Experience: Beverly Community Hospital Association: - Representing Beverly Community Hospital Association
two of its affiliates in their chapter 11 cases currently pending in the Bankruptcy Court for the Central District of California, Los Angeles Division. Beverly Hospital is a nonprofit, 202 bed general acute care hospital located in Montebello, California.
AutoMedx: - Represented AutoMedx, LLC, a leading designer
manufacturer of medical ventilators, in its sale to affiliates of Water Street Healthcare Partners.
Alpha Media Holdings LLC: - Representing Alpha Media Holdings LLC
15 of its subsidiaries in their prearranged chapter 11 cases in the United States Bankruptcy Court for the Eastern District of Virginia. Alpha Media is the largest privately-held radio broadcast
multimedia company in the United States, which owns or operates more than 200 radio stations that provide local news, sports, music,
entertainment to a weekly audience of more than 11 million listeners in 44 communities across the United States. Alpha Media's prearranged chapter 11 cases were confirmed in just over 60 days
contemplated transactions that eliminated all of the Debtors' prepetition funded debt obligations
provided the debtors with more than $120 million of exit financing.
Seadrill Partners LLC: - Representing the Conflicts Committee of the Board of Directors in connection with matters between the Company
the operator of its off-shore assets.
Neiman Marcus Group: - Representing the liquidating trustee, in the U.S. Bankruptcy Court of the Southern District of Texas, in the resolution of over 2,800 general unsecured claims in accordance with the debtors' chapter 11 plan of reorganization.
CLMG Corp.: - Representing CLMG Corp. in its capacity as agent for the real estate term loan lenders in the BJ Services, LLC chapter 11 proceedings pending before the United States Bankruptcy Court for the Southern District of Texas. BJ Services is a leading provider of hydraulic fracturing
cementing services to upstream oil
gas companies engaged in the exploration
production of North American oil
natural gas resources.
CSC Generation Holdings, Inc.: - Representing CSC Generation Holdings, Inc. in connection with its successful acquisition of substantially all of the operating assets in the Sur La Table chapter 11 proceedings pending before the United States Bankruptcy Court for the District of New Jersey. Sur La Table is one of America's most highly regarded retailers of home kitchenware products. Prior to filing chapter 11, Sur La Table had grown to 126 retail locations across the country
a significant online retail presence.
Z Gallerie, LLC: - Represented Z Gallerie, LLC, a leading specialty retailer focused on fashion
art-conscious home decor with retail locations across the United States
a significant e-commerce platform, in its Chapter 11 case in Delaware.
Sizmek Inc.: - Representation of Sizmek Inc.
its affiliates, a leading online advertising campaign management
distribution platform for advertisers, media agencies,
publishers, in its out-of-court, balance-sheet restructuring of more than $150 million of funded indebtedness.
Avaya Inc.: - Representation of Avaya Inc.
certain of its affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of New York. Avaya is a leading multinational technology company that specializes in telephony, wireless data communications, customer relationship management software,
networking. Avaya
its debtor-affiliates had more than $6 billion in funded debt obligations as of the commencement of their Chapter 11 cases, with annual revenues in excess of $3 billion. In 2018, the Turnaround Management Association recognized the successful restructuring of Avaya Inc. with its 'Mega Company Transaction of the Year Award.'
Sequa Corporation: - Representation of Sequa Corporation in its successful refinancing
out-of-court restructuring of approximately $1.9 billion of funded indebtedness. Pursuant to the consensual restructuring, Sequa obtained a significant new money investment, its senior credit facilities were refinanced in full,
over 90 percent of its unsecured notes were exchanged for new convertible preferred equity.
Penn Virginia Corporation: - Representation of Penn Virginia Corporation in its prearranged Chapter 11 restructuring in the United States Bankruptcy Court for the Eastern District of Virginia. The Company filed for Chapter 11 with a support agreement with all of its secured debt
a supermajority of its unsecured debt regarding a transaction that will reduce the company's long term debt from approximately $1.2 billion to approximately $128 million. Penn Virginia is an independent oil
gas company engaged in the exploration, development,
production of oil, NGLs,
natural gas. The company's operations are focused on oilfields primarily in the Eagle Ford shale in South Texas, with additional properties in the Granite Wash in Oklahoma
the Marcellus Shale in Pennsylvania. In 2017, the Turnaround Management Association recognized the successful Penn Virginia restructuring with its 'Mid- Size Company Transaction of the Year Award.'
Magnum Hunter Resources Corporation: - Representation of Magnum Hunter Resources Corporation
its subsidiaries, an independent exploration
production company engaged in the acquisition, development
production of natural gas, natural gas liquids
crude oil, primarily in the States of West Virginia
Ohio, in its Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware.
Patriot Coal Corporation: - Representation of Patriot Coal Corporation
certain of its affiliates, producers
marketers of coal in the eastern United States, in their Chapter 11 proceedings before the United States Bankruptcy Court for the Eastern District of Virginia. As of the petition date of May 12, 2015, Patriot
its affiliates had funded debt of approximately $790 million as well as significant
complex legacy
environmental liabilities.
Midstates Petroleum Company, Inc.: - Representation of Midstates Petroleum Company, Inc., an independent exploration
production company, in a series of transactions to increase its liquidity. The transactions included a private offering of $625 million of senior secured second lien notes, an exchange of existing unsecured senior notes for approximately $504 million of senior secured third lien notes,
an amendment to its existing revolving credit facility to allow for the senior secured second lien notes issuance, the exchange transaction
to provide additional covenant flexibility.
Longview Power, LLC: - Representation of Longview Power, LLC
certain of its affiliates, including Mepco Holdings, LLC
its affiliates, in connection with their Chapter 11 cases involving the restructuring of approximately $1 billion in funded debt. Longview operates a 700 net megawatt supercritical coal fired power generation facility in Maidsville, West Virginia,
Mepco is one of the largest independent coal companies in North Appalachia. Together, Longview
Mepco operate an integrated power generation enterprise that is at the forefront of the clean coal movement.
Sorenson Communications, Inc.: - Representation of Sorenson Communications, Inc.
its affiliates, together the leading provider of telecommunications services
technology for hearing impaired individuals, in their Chapter 11 cases. Utilizing a 'straddle' solicitation to confirm its plan of reorganization in 38 days, Sorenson successfully restructured approximately $1.3 billion of funded indebtedness, paid all general unsecured claims in full,
returned value to existing equity holders.
Dex One Corporation: - Representation of Dex One Corporation, a leading provider of yellow-page
digital directories
marketing services, in its prepackaged Chapter 11 merger of equals with SuperMedia Inc. Dex One
SuperMedia, both publicly traded companies, filed separate but parallel prepackaged Chapter 11 cases to consummate their stock-for-stock merger, amend or reinstate over $3.3 billion of funded debt obligations of the two companies,
maintain shareholder equity value in the combined enterprise. Holders of general unsecured claims received full payment under the plans. The combined company is known as Dex Media, Inc.
Creditor Representations: Axon Pressure Products, Inc.: - Representation of Pelican Energy Partners, L.P. in connection with its acquisition of all outst
ing loans under Axon Pressure Products, Inc.'s $40 million senior secured credit facility. Subsequent to its debt acquisition, Pelican exchanged a portion of its total debt claim for all of the equity interests in Axon Pressure Products, Inc.'s parent company, Pressure Holdings, Inc., whereby Pelican became the sole equity owner
sole lender to the Axon enterprise in fewer than six weeks. Axon provides a range of products
services to onshore
offshore drilling
extraction operations.
Think Finance, LLC: - Representation of Victory Park Capital
certain of its affiliates in connection with Think Finance's Chapter 11 cases in the United States Bankruptcy Court for the Northern District of Texas. Think Finance is a leading provider of financial technology services.
SunEdison, Inc.: - Representation of SMP Ltd.
LOTTE Fine Chemical Co., Ltd. in connection with the SunEdison Debtors' sale of their Solar Materials Business. SMP operates a polysilicon manufacturing facility in Ulsan, Korea,
LOTTE manufactures
sells chemical products in Korea
throughout the world.
Altegrity, Inc.: - Representation of an ad hoc group of first lien creditors in the prearranged Chapter 11 cases of Altegrity, Inc.
certain of its subsidiaries
affiliates, involving the restructuring of approximately $1.8 billion in funded debt. Altegrity, Inc., together with its subsidiaries
affiliates, is a privately held global diversified risk
information services company serving commercial customers
government entities.
Syncora Holdings Ltd.: - Representation of Syncora Holdings Ltd.
certain of its subsidiaries in connection with the City of Detroit's Chapter 9 case, the largest-ever municipal bankruptcy filing. Syncora, through subsidiaries, insured or held a substantial amount of the City of Detroit's municipal finance debt obligations. After more than a year of vigorous litigation regarding multiple elements of Detroit's bankruptcy filing
proposed plan of adjustment, Syncora
Detroit entered into an innovative settlement that resolved all outst
ing issues between the parties, delivered substantial value to Syncora
its subsidiaries,
created the foundation for Syncora's long-term partnership with
real-estate development
other investment in Detroit.
Liberty Partners, L.P.: - Representation of Liberty Partners, L.P.,
certain of its affiliates in connection with Edgenet, Inc.'s Chapter 11 case, which is currently pending before the United States Bankruptcy Court for the District of Delaware. Through its affiliates, Liberty was Edgenet's prepetition secured lender
, separately, its primary equity interest holder. In the course of the Chapter 11 cases, Edgenet sold substantially all of its assets in a sale under section 363 of the Bankruptcy Code.
Ally Financial Inc.
Ally Bank: - Representation of Ally Financial Inc.
Ally Bank in connection with Residential Capital, LLC's Chapter 11 bankruptcy cases, which included settlements with multiple key stakeholders, in the Bankruptcy Court for the Southern District of New York. Residential Capital, LLC was the fifth-largest servicer of residential mortgage loans in the United States with more than $15.6 billion in assets
$15.2 billion of indebtedness. Ally Financial Inc. is a leading, independent, globally diversified financial services firm with operations in 32 countries
assets in excess of $180 billion. Ally Bank is an indirect wholly owned subsidiary of Ally Financial Inc.
a leading franchise in the growing direct (online
telephonic) banking market.
