Restructuring

2023 Restructuring Department Highlights

The Paul, Weiss Restructuring Department continues to be involved in the most notable matters across industries and borders. We possess a thorough knowledge of every aspect of bankruptcy law, coupled with perspectives earned from representing all sides of major restructuring transactions.

Paul, Weiss Advises Noteholders in EchoStar Restructuring

Paul, Weiss advised an ad hoc group of DISH Network Corporation convertible noteholders in certain strategic transactions completed by DISH parent company EchoStar Corporation.

Sandvine Removed From Commerce Department’s Entity List Following Significant Corporate Reforms to Protect Human Rights

Paul, Weiss secured a major victory for Sandvine Corporation, a Canada-based technology service provider, when key U.S. government stakeholders took the extremely rare step of removing Sandvine from the Entity List.

Apollo and ATLAS Form $5 Billion Strategic Collaboration With BNP Paribas

Paul, Weiss advised Apollo and ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds, in their $5 billion strategic financing and capital markets collaboration with BNP Paribas, the European Union’s leading global bank.

Rite Aid Emerges From Chapter 11

Paul, Weiss represented an ad hoc group of second lien noteholders in Rite Aid Corporation’s successful emergence from chapter 11 bankruptcy.

Experienced Financial Restructuring and Special Situations Partner Joins Paul, Weiss in London

Liz Osborne is joining Paul, Weiss as a partner in the Restructuring Department and head of European Restructuring, resident in London. Liz advises companies and creditors on stressed and distressed investments, including special situations financings and complex restructurings.

Hornblower Emerges From Chapter 11

Paul, Weiss represented Hornblower Group, a global leader in world-class experiences and transportation, in its successful emergence from chapter 11.

IronNet Emerges From Chapter 11

Paul, Weiss represented C5 Capital and ITC Global Advisers, as secured lenders, in the successful chapter 11 cases of IronNet, Inc., a global cybersecurity company.

Digicel Completes $3.8 Billion Restructuring

Paul, Weiss advised an ad hoc group of creditors of Digicel Limited (DL) and its subsidiaries in the company’s consensual financial restructuring of approximately $3.8 billion of debt.

Revlon Obtains Court Approval for Chapter 11 Plan

Paul, Weiss obtained court approval for longtime client Revlon Inc.’s plan of reorganization under chapter 11.

Western Global Airlines Emerges From Chapter 11

Paul, Weiss represented an ad hoc group of debtor-in-possession lenders and certain unsecured senior noteholders in the successful restructuring of Western Global Airlines, which emerged from its amended chapter 11 plan.

Brookfield Infrastructure Partners to Acquire Cyxtera Assets

Paul, Weiss is advising Brookfield Infrastructure Partners L.P. and its institutional partners in the $775 million acquisition of substantially all of Cyxtera’s assets.

Benefytt Technologies Emerges from Chapter 11 Bankruptcy Proceedings

Paul, Weiss represented funds managed by Madison Dearborn Partners, LLC (MDP) as sponsors and debtor-in-possession (DIP) lenders in the prearranged chapter 11 cases of Benefytt Technologies, Inc. Benefytt is a health insurance technology company that markets and sells Medicare and private health insurance products, agent technology systems and insurance policy administration platforms.

The Madison Square Boys & Girls Club Emerges From Bankruptcy

Paul, Weiss advised The Madison Square Boys & Girls Club on its amended plan of reorganization.

Proterra Emerges From Chapter 11

Paul, Weiss obtained court approval for client Proterra Inc.’s chapter 11 plan of reorganization, allowing the electric vehicle manufacturing company to emerge from bankruptcy.

Market-Leading Industry Insights

Our team regularly provides clients with updates on key industry developments and consistently contributes to the most well-respected restructuring publications.

» View a complete list of our recent restructuring client memos and publications

Brian Hermann to Discuss Chapter 11 Trends at Bankruptcy Conference

Restructuring partner Brian Hermann will participate in a panel, “Liability Management Transactions,” as part of the University of Texas School of Law’s 2024 Jay L. Westbrook Bankruptcy Conference.

Restructuring Department Bulletin - November 2024

In the November 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.

Restructuring Department Bulletin - October 2024

In the October 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.

Third Circuit Rules on Allowance of Make-Whole Fees and Post-Petition Interest in Solvent-Debtor Cases in In re The Hertz Corp.

In its recent decision in In re The Hertz Corp., the Third Circuit clarified that a solvent debtor must pay unimpaired claimants post-petition interest at an “equitable rate” (in this circumstance, the contract rate) as well as any applicable make-whole fees before any junior stakeholders receive a recovery.

Alice Eaton to Discuss Issues in Distressed Transactions and Restructuring at 32nd Annual Leveraged Finance Conference

Restructuring partner Alice Eaton will participate in the “Distressed and Restructuring” panel at the 32nd Annual Leveraged Finance Conference, hosted by Deutsche Bank Securities.

Restructuring Department Bulletin - September 2024

In the September 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.

Restructuring Department Bulletin - August 2024

In the August 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.

Restructuring Department Bulletin - July 2024

In the July 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.

Texas Bankruptcy Court Rules on Liability Management Transactions and “Required Lender” Status in In re Robertshaw US Holding Corp.

A Texas bankruptcy court issued a ruling in an adversary proceeding concerning the chapter 11 cases of appliance component manufacturer Robertshaw.

Alice Eaton and Sean Mitchell Discuss Paul, Weiss’s Restructuring Practice in Vault Q&A

Restructuring partners Alice Eaton and Sean Mitchell were featured in a Q&A on Paul, Weiss’s Restructuring practice in the 2024 edition of “Practice Perspectives: Vault’s Guide to Legal Practice Areas.”

Elizabeth McColm and Sean Mitchell Publish “USA” Chapter in ICLG – Restructuring & Insolvency 2024

Restructuring partners Elizabeth McColm and Sean Mitchell co-wrote the “USA” chapter in the International Comparative Legal Guide - Restructuring & Insolvency Laws & Regulations 2024, published by the Global Legal Group Ltd., London.

Alice Eaton to Discuss Innovative Financing Structures for Distressed Assets at Wharton’s PE and Venture Capital Conference

Restructuring partner Alice Eaton will speak on a panel, “Adjusting to a New Era: Redefining Value Creation in Uncertain Times,” as part of the Wharton School of the University of Pennsylvania’s 2024 Private Equity and Venture Capital Conference.

Elizabeth McColm to Speak at University of Chicago and BYU Winter Bankruptcy Conference

Restructuring partner Elizabeth McColm will be a featured speaker on the “Women Leaders in the Restructuring Field” keynote panel at the inaugural Winter Bankruptcy Conference, hosted by the University of Chicago Center on Law and Finance and Brigham Young University Law School.

Sean Mitchell to Discuss 2024 Restructuring Outlook at Expert Webcast Event

Restructuring partner Sean Mitchell will participate in a webinar, “Outlook for Bankruptcy & Restructuring 2024,” hosted by Expert Webcast.