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)
Hostess Brands, Inc. Wins Approval to Enter into Dip Financing Agreement with Lending Group Led By Silver Point Finance, LLC
On January 11, 2011, Hostess Brands, Inc., one of the largest wholesale bakers and distributors of bread and snack cakes in the United States, which sells iconic products such as Twinkies and Wonder Bread, together with six of its affiliates, filed for Chapter 11 protection in the United States Bankruptcy Court in White Plains, New York.
As part of the first day hearing, the Bankruptcy Court approved Hostess's entry into a $75 million debtor-in-possession credit and guaranty agreement with a group of lenders led by Silver Point Finance, LLC as the administrative and collateral agent. Silver Point also serves as administrative and collateral agent for Hostess's first and third lien prepetition credit facilities.
The Paul, Weiss team representing Silver Point includes, among others, bankruptcy partner Brian S. Hermann and counsel Diane Meyers; corporate partner Valerie E. Radwaner and counsel Stephen K. Koo; ERISA partner Robert C. Fleder and counsel Maureen A. Riley; tax partner David R. Sicular; and litigation partner Craig A. Benson.