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)
Exide Technologies Completes Comprehensive Recapitalization
- Client News
- June 27, 2019
Paul, Weiss represented an ad hoc group of secured creditors in connection with the comprehensive recapitalization of Exide Technologies, a global manufacturer of automotive and industrial batteries. As part of the recapitalization, the company issued $150 million of new superpriority secured notes backstopped by the ad hoc group, amended its existing asset-backed lending facility and exchanged or equitized over $900 million of its outstanding first and second lien indebtedness.
The Paul, Weiss team included, among others, bankruptcy partners Alice Eaton and Robert Britton; securities partner David Huntington; finance counsel Stephen Koo; tax partner Patrick Karsnitz; corporate partners David Carmona and Claudine Meredith-Goujon and counsel Chaim Theil; and real estate partner Peter Fisch.