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 Clients Complete $1 Billion Investment in Associated Materials
- Client News
- November 29, 2016
Practices
Paul, Weiss advised four investors in an investment of approximately $1 billion in Associated Materials Group, Inc. (AMI), a leading manufacturer and distributor of exterior residential building products in the United States and Canada. The group of investors purchased $605 million aggregate principal amount of AMI's 9.00% senior secured notes due 2024 and $235 million liquidation preference of AMI's 14 percent convertible preferred stock, which will be convertible into as much as 90 percent of AMI's common equity on the fourth anniversary of issuance. In addition, the investors received penny warrants to purchase 3,338,387 shares of AMI's common stock. AMI is a portfolio company of Hellman & Friedman LLC.
The Paul, Weiss team included, among others, bankruptcy partners Andrew Rosenberg and Elizabeth McColm; corporate counsel Bruce Gruder; and tax partner Richard Bronstein.