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)
Shipping, Automotive & Aerospace
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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American Tire Distributor’s Prearranged Chapter 11 Case
An ad hoc group of term loan lenders in connection with the prearranged chapter 11 restructuring of American Tire Distributors, the largest replacement tire distributor in North America. The company’s plan provided for the restructuring of over $2 billion of debt, including the extension and modification of its term loan facility and equitization of its senior subordinated notes.
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Sequa Corporation’s Out-Of-Court Restructuring
An ad hoc committee of certain unsecured noteholders of Sequa Corporation, an industrial company with operations in the aerospace, energy and metal coatings industries, in connection with the company’s out-of-court recapitalization and exchange offer transactions.
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Chassix Holdings’ Prearranged Chapter 11 Case
An informal committee of certain holders of secured and unsecured notes of Chassix and Chassix Holdings (now known as Aludyne), a metal parts supplier in the automotive industry, as well as certain lenders under Chassix’s postpetition and exit term loan credit facility, in Chassix’s restructuring through a prearranged chapter 11 case. This matter was recognized by The Turnaround Management Association as the “Turnaround of the Year: Mega Company” and by The M&A Advisor as the “Chapter 11 Reorganization of the Year (Over $500MM).”
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Danaos’ Out-of-Court Restructuring
Credit Suisse as a secured lender of Danaos Corporation, a leading international owner of containerships, in its out-of-court restructuring of multiple debt facilities representing $2.2 billion of debt. The restructuring reduced outstanding debt by approximately $551 million and provided for extension of existing debt maturities by approximately five years.
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Horizon Lines’ Out-of-Court Restructuring
The ad hoc committee of noteholders of Horizon Lines, an American domestic ocean shipping and logistics company, in the company's out-of-court restructuring and structuring of post-restructuring financing.
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GenCo’s Chapter 11 Case
Deutsche Bank and Crédit Agricole as agents for lending syndicates to Genco Shipping & Trading Limited, an international ship owning company, in Genco’s chapter 11 case.
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Eitzen Chemical’s Restructuring
The ad hoc committee of lenders of Eitzen Chemical, a Norwegian shipping company, in connection with a restructuring of over $1 billion of debt obligations.
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TMT and Excel’s Chapter 11 Cases
Oaktree Capital Management (a) as a secured creditor in the chapter 11 case of maritime transportation services provider TMT Procurement , including in connection with Oaktree’s successful bids for certain VLOO vessels, and (b) with respect to the secured debt of Excel Maritime and, following an initially contentious chapter 11 case, the negotiation, confirmation and consummation of a fully consensual amended plan of reorganization.
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Eagle Bulk Shipping’s Prepackaged Chapter 11 Case
An ad hoc group of lenders to Eagle Bulk Shipping, a shipowner-operator, under the company’s $1.2 billion secured credit facility in negotiations regarding a restructuring of the company’s secured debt and, thereafter, the successor administrative agent under the secured credit facility in all aspects of the company’s prepackaged chapter 11 case and the confirmation and consummation of its chapter 11 plan of reorganization.
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Nautilus Holdings’ Chapter 11 Case
Agent for one of the largest secured lending syndicates in the chapter 11 case of Nautilus Holdings, an international container shipping company.
