Out-of-Court Restructuring

Liberty Tire Recycling

Our attorneys represented Liberty Tire Recycling, North America’s largest tire recycling business, in its recent 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. The restructuring was completed in under 4 months. The M&A Advisor selected our attorney's representation of Liberty Tire as its Out-of-Court Restructuring Deal of 2015 (under $500MM).

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