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)
QualTek Services to Exit Bankruptcy
- Client News
- June 30, 2023
Paul, Weiss advised an ad hoc group of first lien term loan lenders to QualTek Services Inc., a leading provider of telecommunications infrastructure services, on its approved chapter 11 plan. The plan, approved by Judge Lopez of the U.S. Bankruptcy Court for the Southern District of Texas, will eliminate approximately $300 million of prepetition debt from the company’s balance sheet, enabling the company to exit bankruptcy well capitalized and substantially deleveraged.
The Paul, Weiss team included restructuring partners Elizabeth McColm and Andrew Rosenberg, and counsel Diane Meyers; corporate partners David Huntington, Sung Pak and Michael Vogel, and counsel David Curtiss and John Godfrey; tax partner David Mayo; real estate partner Peter Fisch; intellectual property partner Claudine Meredith-Goujon; antitrust counsel Marta Kelly and Yuni Sobel; environmental counsel William O’Brien; and executive compensation counsel Reuven Falik.