Restructuring
& Debt Capital
Solutions
The Restructuring & Debt Capital Solutions Group helps clients navigate complex financial and capital structure challenges, combining the firm’s deep restructuring capabilities with sophisticated debt capital solutions experience. We regularly advise key stakeholders in complex and headline-grabbing restructuring matters, workouts, complex financings and liability management transactions, providing strategic, commercial advice grounded in decades of experience across rapidly evolving markets and capital structures.
We represent all constituencies, including debtors, equity sponsors, investors, and fulcrum lender and creditor groups, across the full range of in‑court and out‑of‑court restructurings. Our experience includes chapter 11 and chapter 15 cases, section 363 sales, cross‑border restructurings, corporate reorganizations and negotiated out‑of‑court solutions. Clients rely on us for the nuanced, informed perspective we bring to the most complex situations—a result of our balanced experience representing every side on bankruptcies and out-of-court restructurings.
Outside of formal restructuring processes, we advise on situations where clients seek to preserve optionality, stabilize liquidity or reposition their balance sheets without commencing an in‑court proceeding. We advise sponsors, issuers, creditors and investors on a broad range of liability management transactions and bespoke debt, equity and hybrid solutions across the capital structure, often in circumstances requiring careful judgment, disciplined execution and close coordination among stakeholders.
Our debt capital solutions experience includes structuring, negotiating and implementing complex capital solutions across the credit spectrum, including drop-down and double-dip financings, uptier and pari-plus exchanges, discount capture transactions, enhanced carve-out financings, debt-for-equity exchanges, direct-lending transactions (including first and second-lien, unitranche, mezzanine loans, and preferred equity), amendment and extend transactions, and other out-of-court strategies.
The group works seamlessly with colleagues across the firm’s M&A, private equity, finance, capital markets, litigation and tax practices. Clients value this integrated approach because it enables the group to deliver coordinated advice in fast‑moving and high‑stakes situations, whether a matter involves a comprehensive restructuring or a liability management transaction.
“Their bench strength is one of their keys to their success and they consistently are on top of the current issues.”
- Chambers Global 2026: Bankruptcy/Restructuring
Recent
Experience
Recognition
Chambers USA: 2023 Bankruptcy Law Firm of the Year
- Top tier restructuring firm according to Chambers USA and Legal 500 - recognized as Chambers USA "Bankruptcy Law Firm of the Year" in 2023 and 2019, and shortlisted in 2022
- A restructuring partner has been recognized as one of the American Bankruptcy Institute (ABI)’s “40 Under 40” Emerging Leaders in Insolvency Practice in 2024, 2023, 2021 and 2020
- A restructuring partner has been recognized as a Law360 MVP for bankruptcy in 2023, 2021 and 2019
Recent Engagements
- Diamond Sports Group, the nation’s largest owner of regional sports networks, in its successful chapter 11 cases filed in the Bankruptcy Court for the Southern District of Texas. The company emerged as Main Street Sports Group, with its outstanding debt trimmed from nearly $9 billion to $200 million.
- A group of Serta Simmons lenders excluded from a 2020 debt restructuring deal in the significant victory in the appeal of the opinion of the Fifth Circuit. The decision reversed the Houston bankruptcy court’s decisions in the chapter 11 cases that had validated the 2020 uptier transaction with a subset of favored lenders and rejected the excluded lenders’ counterclaims against the favored lenders.
- An ad hoc group of second lien noteholders of Rite Aid Corporation, a full-service pharmacy company providing a broad range of services, including retail pharmacy, PBM, and mail order, across 17 states, in connection with its restructuring of $3.4 billion of total funded debt, including $1.05 billion held by the ad hoc group.
- Revlon, a leading global beauty company, and certain of its subsidiaries in their chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of New York.
- Enviva and its debtor affiliates, the world's largest producer of sustainable wood pellets, in their prearranged chapter 11 cases in the U.S. Bankruptcy Court for the Eastern District of Virginia.
- Hornblower Group, a global leader in world-class experiences and transportation, in connection with its prearranged chapter 11 cases.
- An ad hoc group of first lien, second lien, and unsecured lenders in the chapter 11 restructuring of Endo Pharmaceuticals, a specialty pharmaceutical company. The group comprised approximately of $3.2 billion, nearly forty percent, of the company’s funded debt.
- Azorra Aviation, a portfolio company of Oaktree, in its acquisition of 14 aircraft and the rights to acquire five additional aircraft from Voyager Aviation via a 363 bankruptcy sale process, as part of Voyager’s chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.
- Brookfield Infrastructure Partners L.P. in its $775 million acquisition of Cyxtera, a Florida-based data center and digital infrastructure provider, in connection with its chapter 11 case.
- Party City, a global leader in the celebrations industry, and certain domestic subsidiaries in its prearranged chapter 11 proceedings, as well as the provision of $150 million of debtor-in-possession financing, in the U.S. Bankruptcy Court in the Southern District of Texas.
- 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 reduced Avaya’s total debt by more than 75% from approximately $3.4 billion to approximately $800 million.
- An ad hoc group of DIP lenders and unsecured noteholders in the chapter 11 restructuring of Western Global Airlines, an independent provider of commercial, long-haul air cargo transportation services.
- An ad hoc group of secured and unsecured creditors of Digicel Group, the leading provider of mobile phone networks and home entertainment services in 25 markets across the Caribbean, Central America and Asia Pacific, in its restructuring of over $5.4 billion of debt.
