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)
Media, Technology & Telecommunications
Our restructuring department fields large, multidisciplinary teams that leverage the resources of our firm as a whole. We act on all sides of cutting-edge restructuring transactions across a range of industries.
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Windstream’s Chapter 11 Case
An ad hoc group of first lien lenders in (a) the chapter 11 restructuring of Windstream, a leading provider of advanced network communications and technology solutions for businesses across the U.S., with over $5 billion in funded debt obligations, and (b) the recharacterization litigation against, and $1.2 billion settlement with, Uniti, the REIT that owns most of Windstream’s network. The transaction provided for the equitization of a substantial portion of Windstream’s $3 billion in outstanding first lien indebtedness, as well as access to approximately $2 billion in new capital, and a new long term lease structure between Windstream and Uniti.
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Mood Media Corporation's Prepackaged Chapter 11
The ad hoc group of second lien noteholders and equity sponsors in the prepackaged chapter 11 restructuring of Mood Media Corporation, a global provider of in-store audio, visual and other forms of media and marketing solutions, which was confirmed and became effective one day after the company filed for chapter 11 protection, setting a new record for the fastest chapter 11 case in the U.S. Bankruptcy Court for the Southern District of Texas.
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Frontier Communications 363 Sale
Northwest Fiber LLC, the purchaser, in connection with the sale under section 363 of the Bankruptcy Code of equity interests in certain of Frontier Communication’s subsidiaries that conduct Frontier’s business in Washington, Oregon, Idaho, and Montana for an aggregate purchase price of approximately $1.4 billion.
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Cumulus Media’s Chapter 11 Cases
Cumulus Media, the nation’s second largest radio company with 446 stations spread across 90 markets, and certain of its affiliates in their chapter 11 cases, including a multi-day chapter 11 plan confirmation trial addressing, among other things, various valuation issues.
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Sungard’s Prepackaged Chapter 11 Case
The equity sponsors of software company Sungard Availability Services in its prepackaged chapter 11 case, approved by the U.S. 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.
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Mood Media’s Cross-Border Restructuring
U.S. counsel to certain noteholders holding a majority of notes issued by Mood Media, a leading global provider of in-store media and marketing services with $650 million in funded debt obligations, in a comprehensive debt and equity restructuring through proceedings in Canada and the United States.
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Aspect Software’s Prearranged Chapter 11 Case
An ad hoc committee of certain first lien lenders of Aspect Software, a global provider of software systems, equipment, and corresponding professional services for contact centers that service the needs of customers across a wide range of industries, as well as lenders under Aspect Software’s postpetition term loan facility, in connection with Aspect Software’s restructuring through a prearranged chapter 11 case. This matter was recognized by The M&A Advisor as the “Information Technology Deal of the Year (Over $250MM).”
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Catalina Marketing’s Chapter 11 Cases
An ad hoc group of crossover lenders to Catalina Marketing Corporation, a leading provider of personalized digital media solutions, in connection with the company’s prepackaged chapter 11 cases.
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Nine Entertainment Group’s Restructuring
The senior secured lenders to Australian-based Nine Entertainment Group in the restructuring of more than AU$2 billion of debt by means of a scheme of arrangement under which the lenders became the principal equity holders of the reorganized company.
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Houghton Mifflin Harcourt’s Prepackaged Chapter 11 Case
Houghton Mifflin Harcourt, a leading textbook publisher, in the negotiation, filing and consummation of a prepackaged chapter 11 reorganization plan that eliminated approximately $3.1 billion in debt and $250 million in annual interest costs. The company emerged from chapter 11 in a mere 32 days.
