A top-notch restructuring group, capable of handling the biggest and the most difficult restructuring from either company side or creditors’ side.
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Paul, Weiss Advises Ad Hoc Committee of Noteholders in Cutera’s Prearranged Bankruptcy
- Client News
- March 5, 2025
Paul, Weiss is representing an ad hoc committee of noteholders in the prearranged bankruptcy of Cutera, Inc., a leading provider of aesthetic and dermatology solutions. Cutera filed voluntary chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas with the support of the ad hoc noteholders committee, which collectively holds about 74% of the company’s notes. Under the restructuring plan, Cutera will reduce its debt by nearly $400 million, or over 90%; raise $65 million in new money from its existing lenders; and emerge as a private company with the backing of a large consortium of leading investment firms. Cutera said it expects the chapter 11 process to be completed within 60 days.
The Paul, Weiss team included restructuring partners Jacob Adlerstein and Sean Mitchell and counsel Douglas Keeton; corporate partners Timothy Cruickshank, Jeffrey Marell and Kristiina Leskinen and counsel Lyudmila Bondarenko; tax partner Lindsay Parks; litigation partners Kristina Bunting and Nicole Succar and counsel Audrey Paquet; intellectual property partner Claudine Meredith-Goujon and counsel Elana Bensoul; antitrust partners Ross Ferguson and Yuni Sobel; executive compensation partner Lawrence Witdorchic and counsel Jake Glazeski; and environmental counsel William O'Brien.