A top-notch restructuring group, capable of handling the biggest and the most difficult restructuring from either company side or creditors’ side. 
- Chambers USA, Band 1 Bankruptcy/Restructuring (Nationwide and NY)
Covia Emerges From Bankruptcy
- Client News
- December 31, 2020
Paul, Weiss advised an ad hoc group of term loan lenders in the successful restructuring of Covia Holdings Corporation, a leading provider of diversified mineral-based and material solutions for the global energy and industrial markets. Covia voluntarily filed for chapter 11 on June 29 in U.S. Bankruptcy Court for the Southern District of Texas, and the company emerged from bankruptcy on December 31. Covia restructured approximately $1.6 billion of secured debt, and rejected and restructured its burdensome railcar leases.
The Paul, Weiss team included, among others, restructuring partners Brian Hermann, Andrew Parlen and Kyle Kimpler, counsel Diane Meyers, and of counsel Stephen Shimshak; corporate partners Jeffrey Marell, David Huntington and Sarah Stasny; litigation partner William Clareman; tax partner Robert Holo; real estate partner Peter Fisch; executive compensation counsel Lisa Krausz Eisenberg; intellectual property partner Charles Googe; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.