Counsel to Canadian Imperial Bank of Commerce

Natural Products Group

Our attorneys represented Canadian Imperial Bank of Commerce (CIBC), as administrative agent and a steering committee of lenders (including Credit Suisse, EOS Capital Partners, GE Capital, and TPW) under a $700 million pre-petition credit facility and a DIP revolving credit facility extended to Natural Products, a California based manufacturer and distributor of personal care products. Following a series of complex restructurings, our attorneys negotiated a pre-packaged plan of reorganization among the debtor, the second lien lenders and the former equity sponsor, which resulted in the lenders acquiring a majority ownership of the company through a debt for equity conversion.

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