Our experience and innovative problem-solving approach results in our continual engagement by troubled companies to lead them through out-of-court restructurings and Chapter 11 cases, helping them with all facets of reorganization proceedings, including debtor-in-possession financings, exit financings, Section 363 asset sales and plans of reorganization. We have represented companies in a multitude of industries, including airline, healthcare, energy, entertainment, manufacturing, real estate, retail, service industries, technology, and transportation, among others. We often act on behalf of our private equity clients where portfolio companies are in need of restructuring.
Representation of Liberty Tire Recycling, North America’s largest tire recycling business, in its out-of-court restructuring. The cross-border restructuring involved a refinancing of the first-lien debt and an exchange offer and consent solicitation pursuant to which the holders of over 98% of the Company’s bonds converted to a combination of new debt securities and 100% of the equity.
Representation of Hostway Corporation, a leader in cloud hosting, managed web hosting and email applications, in the company’s sale to Connecticut-based private equity and distressed securities firm, involving outstanding first and second lien credit facilities (both of which are agented by Fortress Capital Corporation) in the aggregate amount of $165 million.
Representation of the world's second largest commercial printer in cross-border restructuring, obtaining confirmation of a stand-alone plan of reorganization in the US and Canada.
Representation of airline in its second restructuring under Chapter 11, addressing, among other things, complex labor litigation and aircraft finance issues, and culminating in a merger with America West Airlines.
Representation of client in its successful Chapter 11 (SDNY). 4Kids was an entertainment and media company that managed licensing, broadcast and merchandising rights to popular children’s titles. The case was recognized as one of T&W’s “Most Successful Restructurings of the Year” in 2012.