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)
Creditor
Paul, Weiss has a market leading practice representing key creditor constituencies (official and ad hoc groups, agents, trustees, strategic creditors, critical contract counterparties, etc.) in complex, high profile in- and out-of-court restructuring, debt refinancing and recapitalization matters. We represent a broad array of creditors and understand the needs and concerns of different creditor constituencies (operational, financial, secured, unsecured, etc.). The diversity of our creditor matters and clients distinguishes our practice and enhances our ability to represent—and secure successful outcomes for—official and unofficial groups comprised of different types of creditors.
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Oro Negro’s Contentious Cross-Border Restructuring
An ad hoc group of senior secured creditors of Oro Negro, a Mexican offshore drilling company, in a restructuring of over $900 million of secured debt obligations issued pursuant to Norwegian law-governed documents that involves contested concurso mercantil proceedings in Mexico, a related chapter 15 proceeding in the Southern District of New York, and litigation in Singapore and Norway.
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American Achievement Corporation's Involuntary Chapter 11 Cases
Affiliates of Prudential Capital Partners and Onex Falcon as petitioning creditors in the involuntary chapter 11 cases and subsequent consensual out-of-court restructuring of American Achievement Corporation, a leading publisher of yearbooks, manufacturer and direct marketer of scholastic and graduation products, and provider of graduation commencement services.
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KKR as Agent and Lender in NPC International's Chapter 11 Cases
KKR, as agent and lender, in NPC International’s bankruptcy cases, which included the court-approved sales of the debtors’ Wendy’s and Pizza Hut businesses to Flynn Restaurant Group and a consortium of Wendy’s franchisees for a combined purchase price of approximately $801 million
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Ad Hoc Group of Frontier Communications
An ad hoc group of first lien secured lenders in the chapter 11 cases of Frontier Communications, a leading telecommunications company with approximately $17.5 billion of funded debt obligations.
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LSC Communications Chapter 11 Cases
The ad hoc group of secured noteholders of LSC Communications, a provider of traditional and digital print products, in the chapter 11 cases of LSC and 21 affiliates, including in connection with the court-approved sale of substantially all of LSC’s assets to an affiliate of Atlas Holdings LLC, for cash, a credit bid of obligations under the company’s secured term loan facility and senior secured notes, at the direction of the creditors, and the assumption of certain liabilities.
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Out-of-Court Recapitalization Transaction of Spanish Broadcasting System
The ad hoc committee of bondholders of Spanish Broadcasting System, one of the largest owners and operators of radio stations in the U.S., in the company’s out-of-court recapitalization transaction.
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Successful Out-of-Court Restructuring of Ligado Networks
An ad hoc group of second lien lenders of telecom company Ligado Networks in Ligado’s successful out-of-court restructuring of approximately $14 billion of liabilities and issuance of $2.85 billion of 15.5% PIK Senior Secured First Lien Notes due 2023 and $1 billion of 17.5% PIK Senior Secured Notes due 2024.
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Out-of-Court Restructuring of Chief Power
An ad hoc group of term loan lenders in the out-of-court restructuring of Chief Power, the largest owner of undivided interests in two power generating stations in Western Pennsylvania. The restructuring, which was supported by 100% of the company’s term loan lenders, provided for the conversion of over $330 million in debt into 97% of the equity of the company, and the raising of a backstopped new money debt facility
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Oasis Petroleum's Prepackaged Chapter 11 Cases
An ad hoc group of senior noteholders in the prepackaged chapter 11 cases of Oasis Petroleum, a Houston, Texas-based independent exploration and production company with a focus on unconventional crude oil and natural gas development. The prepackaged plan provided for the restructuring of about $2.23 billion of debt, including the extension and modification of its RBL facility, the conversion of the senior notes into all of the equity of the reorganized company, and the settlement of significant litigation claims.
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Covia Holdings Chapter 11 Case
An ad hoc group of term loan lenders in the prearranged chapter 11 case of Covia Holdings Corporation, a leading provider of diversified mineral-based and material solutions for the global energy and industrial markets.
