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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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  • Mood Media’s Cross-Border Restructuring

    U.S. counsel to certain noteholders holding a majority of notes issued by Mood Media, a leading global provider of in-store media and marketing services with $650 million in funded debt obligations, in a comprehensive debt and equity restructuring through proceedings in Canada and the United States.

  • Tops Holdings’ Chapter 11 Cases

    An ad hoc committee of senior secured noteholders of Tops Holding LLC and Tops Markets II Corporation, a leading upstate New York-based supermarket chain with approximately 170 locations, in Tops’ chapter 11 cases.

  • Sabine Oil & Gas’s Chapter 11 Case

    The second lien agent in the chapter 11 case of Sabine Oil & Gas Corporation, an oil and natural gas company engaged in the acquisition, development, exploitation and exploration of oil and natural gas properties onshore in the United States.

  • David’s Bridal’s Prepackaged Chapter 11 Case

    Certain funds advised or otherwise managed by Oaktree Capital Management in their capacity as holders of David’s Bridal’s term loans and unsecured notes in connection with the negotiations, implementation and consummation of a prepackaged chapter 11 plan to right size the company’s balance sheet and rationalize operations. Oaktree was the company’s single largest creditor.

  • Tidewater’s Prepackaged Chapter 11 Case

    An unofficial committee of noteholders of Tidewater, a leading provider of offshore service vessels in the global energy industry, in connection with a restructuring of the company’s approximately $2 billion of debt pursuant to a prepackaged chapter 11 plan.

  • 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.

  • Quicksilver Resources’ Chapter 11 Case

    The Official Committee of Unsecured Creditors of Quicksilver Resources, a Texas-based oil and gas exploration and production company with over $2 billion in indebtedness. This matter was recognized by The M&A Advisor as the “Restructuring Deal of the Year ($1B-$5B).”

  • Exide Technologies’ Recapitalization

    An ad hoc group of holders of securities issued by Exide Technologies, a manufacturer of automotive and industrial batteries, in a credit bid asset sale of the company’s international operations in more than 80 countries as part of the company’s chapter 11 liquidation. The chapter 11 plan de-levered over $700 million of secured debt through the sale of the company’s U.S. and international businesses and resolved complex and contentious disputes with the company’s unsecured creditors, the DOJ, EPA and numerous state and local environmental agencies through a global settlement.

  • 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).”

  • Charter Communications’ Chapter 11 Case

    The unofficial committee of bondholders of Charter Communications, one of the largest cable service providers, in Charter’s unprecedented “reinstatement” plan under chapter 11, permitting the fourth largest cable television operator to emerge from chapter 11 with $8 billion less debt on its balance sheet and $2.5 billion of capital newly invested by our clients. Paul, Weiss was recognized by The Financial Times for our “Stand Out” work on this matter. The Deal Magazine recognized the matter as a “Deal of the Year.”

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