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)
Gibson Brands Emerges From Chapter 11
- Client News
- November 1, 2018
Paul, Weiss advised an ad hoc committee of Gibson Brands, Inc. noteholders, led by KKR, in connection with Gibson’s successful reorganization under chapter 11. The Nashville, Tennessee-based company, an iconic American manufacturer of guitars, other musical instruments and professional audio equipment, commenced its pre-negotiated chapter 11 cases in May 2018 after entering into a restructuring support agreement with our clients. Under the reorganization plan, which received court approval in October 2018, our clients received the overwhelming majority of Gibson’s post-restructuring equity.
The Paul, Weiss team included, among others, bankruptcy partner Brian Hermann and counsel Robert Britton and Diane Meyers; corporate partners Raphael Russo and Brian Kim and counsel Chaim Theil and Bruce Gruder; litigation partners Jacqueline Rubin, Daniel Kramer and Aidan Synnott; tax partner Lindsay Parks; and employee benefits counsel Jason Ertel.