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)
Paul, Weiss Advises Ad Hoc Group of Lenders in Denbury Restructuring
- Client News
- September 18, 2020
Paul, Weiss advised an ad hoc group of second lien lenders in connection with the prepackaged chapter 11 restructuring of Denbury, Inc., a Texas-based hydrocarbon exploration company. The restructuring plan allows the company to reorganize its balance sheet and reduces the company’s debt by approximately $2.1 billion. The transaction converts the company’s second lien notes to 95% of the reorganized company’s equity.
The Paul, Weiss team included, among others, restructuring partners Elizabeth McColm and Andrew Rosenberg and counsel Diane Meyers; corporate partners Andrew Foley and Jeffrey Marell and counsel Scott Grader; and tax partner Robert Holo.