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.
-
Proterra Chapter 11 Cases
Proterra, a publicly traded developer and producer of commercial electric vehicle technology, including proprietary battery systems, electric transit buses, and turnkey charging solutions, in its chapter 11 cases in the District of Delaware.
-
Chapter 11 Restructuring of Western Global Airlines
An ad hoc group of DIP lenders and unsecured noteholders in the chapter 11 restructuring of Western Global Airlines, an independent provider of commercial, long-haul air cargo transportation services.
-
Recapitalization of Service King
An ad hoc group of unsecured noteholders, led by Clearlake Capital Group, in their recapitalization of Service King, a national automotive collision repair company, resulting in the infusion of $200 million of new capital into the company.
-
Grupo Aeromexico's Chapter 11 Proceedings
Co-counsel to Apollo Global Management, as DIP lender in the chapter 11 proceedings and contested confirmation process for Grupo Aeromexico, the flag carrier airline of Mexico.
-
Apollo Global Management as Sponsor in the Company's Chapter 11
Apollo Global Management on behalf of certain funds and accounts it manages in a $6.5 billion joint bid alongside Knighthead Capital Management and Certares Opportunities, as sponsor to Hertz Global Holdings, Inc.’s chapter 11 plan of reorganization and to fund the company’s exit from bankruptcy.
-
Nordic Aviation's Prearranged Chapter 11
Azorra Aviation, a commercial aircraft leasing company, in its acquisition and recapitalization of certain aircraft owning silos of Nordic Aviation Capital pursuant to a prearranged chapter 11 plan process.
-
Out-of-Court Refinancing of CHC Group
CHC Group, one of the largest providers of helicopter services, in connection with a comprehensive out-of-court recapitalization transaction involving the reduction of up to $520 million in funded debt and over $100 million in new money and other liquidity enhancements.
-
General Motors in Bankruptcy Court Litigation Related to Proposed Settlement of Ignition Switch Claims
General Motors LLC, the purchaser of substantially all of the assets of General Motors Corp (now known as Motors Liquidation Company) (“Old GM”), in litigation in the bankruptcy court related to a proposed settlement between a trust representing Old GM and plaintiffs asserting personal injury and economic loss claims arising from ignition switch and other alleged defects in vehicles manufactured by Old GM that were recalled in 2014.
-
Virgin Australia's Chapter 15 Cases
U.S. counsel to Bain Capital, as purchaser, in the sale of Virgin Australia pursuant to Australian Deeds of Company Arrangement and related United States chapter 15 cases.
-
Jack Cooper’s Chapter 11 Cases
Jack Cooper Ventures, a leading provider of finished vehicle logistics in North America for new and used vehicles and diversified logistical services in select non-automotive markets, and 18 of its subsidiaries and affiliates, in their chapter 11 cases in the Northern District of Georgia.
-
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.
-
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.
-
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).”
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
TricoMarine Group’s Out-of-Court Exchange
The ad hoc committee of bondholders of Trico Marine Group, a large Norway-based shipping company now known as Deep Ocean Group, in connection with an out-of-court exchange of $400 million of senior secured debt into equity and raising a new $100 million working capital facility. This matter was recognized by The Turnaround Management Association as the “Turnaround of the Year: International Company.”
-
Proterra
Proterra, a publicly traded developer and producer of commercial electric vehicle technology, including proprietary battery systems, electric transit buses, and turnkey charging solutions, in its chapter 11 cases in the District of Delaware.
-
Western Global Airlines
An ad hoc group of DIP lenders and unsecured noteholders in the chapter 11 restructuring of Western Global Airlines, an independent provider of commercial, long-haul air cargo transportation services.
