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)
Company/Debtor
Clients around the world call upon our team to resolve their most complex restructuring situations. We have vast experience advising companies across a diverse array of industries regarding in- and out-of-court restructuring, refinancing and recapitalization options and issues. The depth of our company-side experience has made Paul, Weiss the firm of choice for companies seeking strategic and practical guidance to navigate complex and transformative restructuring matters.
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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.
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Alorica's Out-of-Court Refinancing
Alorica, a global leader in customer experience solutions, in a $750 million out-of-court refinancing involving the issuance of preferred equity and debt.
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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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Sears’ Chapter 11 Cases
The Restructuring Sub-Committee of the Board of Directors of Sears Holdings Corporation, a leading retailer in the appliance, tool, lawn and garden, fitness equipment, automotive repair and maintenance retail sectors, in the company’s chapter 11 cases, including the investigation of potential claims and causes of action in connection with related party transactions and the court-approved $5.2 billion sale of assets.
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CGG’s Prenegotiated Cross-border Restructuring
Certain subsidiaries of CGG S.A., a Paris-based global geophysical and geoscience services company serving customers principally in the oil and gas exploration and production industry, in their prenegotiated chapter 11 cases by which the company and its subsidiaries equitized approximately $2 billion of unsecured debt through concurrent restructuring proceedings in France and the United States. Brian S. Hermann was named an American Lawyer 2018 “Dealmaker of the Year” for his work representing CGG S.A. in its chapter 11 cases.
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Performance Sports Group’s Cross-border Bankruptcy Cases
Performance Sports Group, a leading developer and manufacturer of sports equipment and apparel with products marketed under the BAUER, MISSION, MAVERIK and EASTON brand names, among others, as U.S. counsel in its complex U.S. and Canadian bankruptcy cases, including the going concern sale of its business to leading Canadian private investment firm. This matter was recognized by The M&A Advisor as the “Restructuring of the Year ($500MM-$1B)” and by The Turnaround Management Association as the "Transaction of the Year: Large Company."
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Expro Holdings’ Prepackaged Chapter 11 Case
Expro Holdings, a leading provider of well flow management services to the oil and gas industry, in its prepackaged chapter 11 case in the Bankruptcy Court for the Southern District of Texas. The company emerged from chapter 11 in a mere 49 days having (a) eliminated its entire $1.4 billion of funded bank debt and $80 million in annual interest payments through a debt-to-equity swap, and (b) raised $200 million of equity investment capital from its new shareholders through a backstopped rights offering.
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Hexion’s Chapter 11 Cases
Hexion, the world’s leading producer of thermosetting resins, and a leading producer of adhesive and structural resins and coatings, as special financing and securities counsel in the company’s chapter 11 cases. The company’s plan provided for the restructuring of over $3.8 billion of debt, with the proceeds of $1.6 billion in new long-term debt and a $300 million rights offering for new equity, in each case, backstopped by certain of the company’s existing noteholders.
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Preferred Sands’ Out-of-Court Restructurings
Preferred Sands, one of the leading producers of sand and resin coated proppants for North America’s oil and gas industry, in (a) a comprehensive out-of-court restructuring that involved the equitization or renegotiation of more than $1.4 billion of funded indebtedness, the issuance of new debt and the carve-out of certain of its in-basin production assets into a new entity, Signal Peak Silica, LLC., and (b) certain prior out-of-court restructuring transactions. Paul, Weiss was recognized by The Financial Times for our “Commended” work in “Enabling Clients’ Business.”
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Bon-Ton Stores’ Chapter 11 Cases
The Bon-Ton Stores, a national department store retailer, in its chapter 11 cases in Delaware, including the sale of substantially all of its assets under section 363 of the Bankruptcy Code.
