Ginger Clements practices in all areas of corporate restructuring, bankruptcy, and insolvency-related matters and has represented corporate debtors and secured and unsecured creditors in large bankruptcies as well as out-of-court restructurings.
Ms. Clements is a member of the firm's Committee of Associates and is also active in the firm’s pro bono practice. Her experience includes representing clients in protecting and conserving public lands as well as representing refugees seeking asylum.
While earning her law degree, Ms. Clements was the Executive Articles Editor for the Northwestern Journal of International Law & Business and a teaching assistant for the first-year legal writing course. She co-founded Northwestern's Restructuring & Bankruptcy Law Group and was awarded the American Bankruptcy Institute Medal of Excellence. She externed for the Honorable Stephen V. Callaway (retired) of the United States Bankruptcy Court for the Western District of Louisiana.
Experience
- Borden Dairy Company, the iconic dairy processor with annual revenues in excess of $1.4 billion, in its contested Chapter 11 cases and the 363 sale of substantially all of its operating assets, following a 10-day "virtual" auction (one of the first of its kind), in a transaction valued at approximately $340 million.
- Wilmington Savings Fund Society, FSB in its roles as indenture trustee for the $500 million senior secured first lien notes and as administrative agent and collateral agent for the $200 million senior-secured debtor-in possession term loan facility during the Chapter 11 cases of Sanchez Energy Corporation, an oil and gas exploration and production company, in the Southern District of Texas.
- GLAS USA LLC, as administrative agent for a $1.5 billion first lien last out term loan facility of borrower Chesapeake Energy Corporation, one of the largest oil and gas exploration and production companies in the United States, during its Chapter 11 cases in the Southern District of Texas.
- GLAS USA LLC and GLAS AMERICAS LLC, as administrative agent and collateral agent, respectively, for a $900 million senior secured debtor-in-possession term loan facility and as administrative agent for a $1.5 billion prepetition first lien term loan facility in the Chapter 11 cases of borrower JC Penney Company Inc., an American retail icon, in the Southern District of Texas. Additional representation of GLAS in several roles relating to the sale of substantially all of the assets of JC Penney, including trustee of the PropCo Trust, trustee of the Earnout Trust, and administrative and collateral agent for a $500 million term loan facility issued by the OpCo purchaser.
- AT&T, as national counsel, in a wide variety of restructurings, including, among others, PG&E Corporation, Windstream Communications LLC, and Sears Holdings Corporation.
- Ad hoc group of senior term lenders to Acosta Inc., a full-service sales and marketing company for consumer packaged goods companies that had approximately $3 billion of pre-petition debt on its balance sheet, with respect to the company's prepackaged Chapter 11 cases filed in the District of Delaware. Acosta's bankruptcy resulted in a significant recovery for lenders, including ownership of Reorganized Acosta. Reorganized Acosta exited Chapter 11 with no leverage on its balance sheet.
- Ad hoc group of term lenders to iHeart Media Inc., the owner and operator of the largest group of radio stations in the United States, with respect to the company's in-court restructuring of approximately $20 billion in indebtedness.
- Controlling class of noteholders of Zohar III Corp. in the Zohar III Chapter 11 case.
- Solar panel manufacturer in an out-of-court restructuring of its funded liabilities and a recapitalization of its balance sheet by certain of its senior secured lenders.
Perspectives
May 21, 2021
Illinois Supreme Court Blocks Bond Lawsuit, Reversing Appellate Court Decision
Advisory
January 19, 2021
US Supreme Court: City of Chicago Did Not Violate Automatic Stay by Refusing to Return Impounded Vehicles
Advisory
November-December 2019
Seeing Through the Haze: Ninth Circuit Affirms Plan of Reorganization for Marijuana Grower's Landlord (pdf)
Pratt's Journal of Bankruptcy Law, Vol. 15, No. 8
June 20, 2019
Ninth Circuit Interprets Section 1129(a)(3) of the Bankruptcy Code, Affirming the Plan of Reorganization for a Lessor of Property Used to Grow Marijuana
Advisory
April 11, 2019
Proposed Legislation Would Prohibit Payment of Bonuses by a Debtor to Certain Employees
Advisory
More
Recognition
Best Lawyers
"Ones to Watch"–Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law (2022)
Credentials
Education
- JD, Northwestern University Pritzker School of Law, 2016, cum laude, Senior Research Honors
- MBA, Louisiana State University, 2010
- BS, Louisiana Tech University, 2008, cum laude
Admissions
- Illinois
- US Court of Appeals for the Tenth Circuit
Activities
- Fellow, Public Interest Law Initiative (2016)