Capabilities

FairPoint

Bank of America

Our attorneys represented Bank of America as administrative agent for a syndicate of lenders holding approximately $2 billion in senior secured debt in connection with a comprehensive $2.8 billion debt restructuring of FairPoint, a North Carolina-based telecommunications company that operates 32 local exchange companies in 18 states. Our lawyers negotiated the terms of a DIP financing, a consensual financial restructuring and the exit financing with FairPoint and its major creditor constituencies, and were involved in the negotiation of a consensual plan or reorganization.

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