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ProfessionalsXu Pang

Xu Pang
Associate

Tel: +1-212-373-3498
Fax: +1-212-492-0498
xpang@paulweiss.com

Tel: +1-212-373-3498
xpang@paulweiss.com
New York

1285 Avenue of the Americas
New York, NY 10019-6064
Fax: +1-212-492-0498

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Education 
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An associate in the Restructuring Department, Xu Pang represents creditor groups, distressed investors, debtors and sponsors in a wide range of restructuring matters, including chapter 11 cases, liability management transactions, out-of-court workouts, bankruptcy asset sales and cross-border restructurings.

EXPERIENCE

Xu’s representative experience includes:

  • An ad hoc investor group of first lien lenders of Avaya Holdings Corp., a global leader in communication and collaboration solutions, in connection with the company’s prepackaged chapter 11 plan, which will reduce Avaya’s total debt by more than 75% from approximately $3.4 billion to approximately $800 million
  • Diamond Sports Group, the nation’s largest owner of regional sports networks, in its chapter 11 cases filed in the Bankruptcy Court for the Southern District of Texas
  • An ad hoc group of term loan lenders in the prearranged chapter 11 case of Covia Holdings Corporation, a leading provider of diversified mineral-based and material solutions for the global energy and industrial markets
  • An ad hoc group of unsecured noteholders of Wesco Aircraft Holdings (d/b/a Incora), a leading provider of comprehensive supply chain management services to the global aerospace and other industries, in connection with an out-of-court comprehensive recapitalization transaction, pursuant to which the members of the ad hoc group exchanged their existing unsecured bonds for new second lien bonds
  • Brookfield Asset Management and Simon Property Group, the sponsors of Copper Retail JV LLC, a newly formed joint venture, in connection with the purchase of the operating assets of C. Penney under section 363 of the Bankruptcy Code
  • An ad hoc group of crossholders of Talen Energy Supply, LLC, one of the largest competitive power generation companies in North America that owns the Susquehanna Nuclear Plant, in connection with the chapter 11 cases filed by the company and its affiliates in the U.S. Bankruptcy Court for the Southern District of Texas
  • An ad hoc group of unsecured noteholders in the prearranged chapter 11 restructuring of Extraction Oil & Gas, one of the largest oil and gas exploration and production companies in the Rocky Mountain region, with approximately $1.7 billion of funded debt obligations
  • Secured and unsecured lenders of Boart Longyear, an Australian registered supplier of drilling services, drilling equipment and performance tooling, in its recapitalization transaction which reduced approximately $795 million of the company’s debt through two Australian court-approved schemes of arrangement and companion chapter 15 proceedings by the U.S. Bankruptcy Court for the Southern District of New York

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