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)
Oil & Gas
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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EnQuest’s Cross-border Restructuring
U.S. counsel to EnQuest, the largest U.K. independent oil producer in the U.K. North Sea, in connection with a restructuring of the company’s approximately $1.8 billion of debt obligations through proceedings in the United Kingdom and the United States. This matter was recognized by The American Lawyer as the “Global Finance Deal of the Year: Insolvency and Restructuring (U.K.).”
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Brookfield
Brookfield in a restructuring of its portfolio company, Altera Infrastructure, a leading international midstream services provider to the oil and gas industry, through prearranged chapter 11 cases in the Southern District of Texas. Brookfield provided a $70 million DIP loan and participated in an approximately $95 million equity rights offering. The company’s plan provided for the restructuring of over $1 billion in liabilities.