Experience
Counsel to the ad hoc group of Puerto Rico Ports Authority bondholders in connection with its restructuring of approximately $180 million of funded debt obligations owed by the Puerto Rico Ports Authority. The transaction became only the fourth successful transaction under the newly enacted Puerto Rico Oversight, Management, and Economic Stability Act.
Counsel to the ad hoc group of first lien noteholders, as noteholders and backstop DIP lenders, in the chapter 11 bankruptcy of Sanchez Energy Corp., a Houston–based exploration and production company, with over $2.275 billion in funded debt.
Counsel to Mesquite Energy, Inc. (f/k/a Sanchez Energy Corporation) in connection with development and implementation of a comprehensive midstream restructuring solution in conjunction with its emergence from chapter 11 bankruptcy, including through rejection of prepetition midstream and marketing agreements.
Counsel to an ad hoc group of term and revolving lenders to Education Management Corporation in connection with negotiation and implementation of a strict foreclosure on their collateral and subsequent efforts to monetize that collateral.
Counsel to an ad hoc group of term lenders to Dream Center Education Holdings in connection with Dream Center’s distressed spinoff of two not-for-profit education systems to new ownership and the simultaneous restructuring of its existing debt.
(Bankr. D. Del.) Counsel to the ad hoc group of secured and unsecured noteholders in connection with the chapter 11 prepackaged plan of Southeastern Grocers LLC—one of the largest conventional supermarkets in the United States operating under the Winn-Dixie, Bi-Lo, Harveys and Fresco y Más banners—successfully rationalizing its 704-store footprint and restructuring more than $1.5 billion of debt and other obligations, paying unsecured trade creditors in full.
(Bankr. S.D.N.Y.) Counsel to the official committee of unsecured creditors for international telecom company Avaya Inc. and its affiliated debtors. Avaya had more than $6 billion of secured debt at the time of its filing and was saddled with significant pension underfunding liabilities for its domestic and certain foreign affiliates.
Represented ad hoc groups of holders of bonds issued by the Commonwealth of Puerto Rico and certain of its instrumentalities in connection with Puerto Rico’s efforts to improve its fiscal situation and, ultimately, in connection with the restructuring of their debt under the Puerto Rico Oversight, Management, and Economic Stability Act and related Commonwealth laws.
(Bankr. D.V.I.) Counsel to HOVENSA LLC, once owner of one of the ten largest oil refineries in the world, in its chapter 11 case. At the time of its bankruptcy filing, HOVENSA had approximately $2 billion of prepetition indebtedness, exclusive of significant legacy liabilities primarily in the form of environmental obligations, pension obligations, and retiree benefits.
(Bankr. Del.) Counsel to the official committee of unsecured creditors of UCI International, one of North America's largest manufacturers of automotive replacement parts.