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 Second Lien Lender Group in Record-Setting Prepackaged Chapter 11 Restructuring
- Client News
- February 7, 2019
Paul, Weiss advised an ad hoc group of prepetition second lien lenders in connection with the chapter 11 cases of FULLBEAUTY Brands Holdings Corp. and certain affiliates. The firm advised the group on all aspects of the company’s reorganization, which restructured more than $1.2 billion of prepetition debt through a prepackaged plan of reorganization that was approved by the United States Bankruptcy Court for the Southern District of New York less than 24 hours after the company filed for chapter 11 protection, setting the record for the fastest chapter 11 case ever.
The Paul, Weiss team included, among others, bankruptcy partners Paul Basta and Elizabeth McColm; corporate partner David Huntington; litigation partner Walter Rieman; and tax partner Scott Sontag.