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)
Grupo Iusacell Completes Restructuring
Paul, Weiss client Grupo Iusacell, S.A. de C.V., a leading Mexican cellular and broadband provider, together with its operating subsidiary Grupo Iusacell Celular, S.A. de C.V., completed a successful restructuring of approximately $550 million in outstanding secured notes on July 28. Pursuant to the terms of a restructuring plan approved by a Mexican federal court, the outstanding notes were cancelled and the companies issued approximately $485 million in new secured notes due 2017 to bondholders.
The deal team was led by corporate partner David S. Huntington and included corporate partner John C. Kennedy; bankruptcy partner Stephen J. Shimshak and counsel Claudia R. Tobler.