Experience Highlights

• PetSmart, as counsel to ad hoc group of senior term lenders, in proposed spin-off of Chewy.com and related district court litigation.

• ​​​​​​​iHeart Media, as counsel to ad hoc group of senior term lenders, in the restructuring of its nearly $20 billion in indebtedness.

• ​​​​​​​Zohar III Corp., as counsel to controlling class of noteholders, in the Zohar III Bankruptcy cases and in other litigation.

• ​​​​​​​Cumulus Media, as counsel to ad hoc group of first lien lenders that were owed more than $1.6 billion.

• Borden Dairy, as lead counsel in its Chapter 11 filing, navigated industry challenges and a COVID-19 impacted market to execute a virtual auction sale to Capitol Peak Partners and KKR for approximately $350 million, surpassing recovery expectations for unsecured creditors.

• ​​​​​​New England Confectionery Company, as counsel to ACAS LLC and affiliates in District of Massachusetts bankruptcy case and in related bankruptcy court and district court litigation.

• Hertz, as counsel to ad hoc group of 20+ first lien lenders, in the $19 billion Chapter 11 bankruptcy of The Hertz Corporation, facilitating a $1.65 billion debtor-in-possession financing and negotiating settlements for full payment on plan’s effective date.

• ​​​​​​Arch Coal Inc., as counsel to ad hoc group of term lenders, in the restructuring of a $1.9 billion credit facility extended to Arch Coal, Inc. Arch successfully emerged from Chapter 11 as the term lenders received more than 90% of the post-reorganization equity and achieved a more than par recovery following emergence.

• Cineworld, as counsel to an ad hoc group of 50+ term lenders owed more than $8 billion, in multiple rescue, DIP and exit financings and the negotiation and documentation of a fully-consensual debt for equity plan of reorganization enabling the second largest theater operator in the world to successfully exit from chapter 11 and transfer of ownership to its lenders.