A top-notch restructuring group, capable of handling the biggest and the most difficult restructuring from either company side or creditors’ side. 
- Chambers USA, Band 1 Bankruptcy/Restructuring (Nationwide and NY)
2023 Restructuring Department Highlights
Our team played a leading role in many of the most significant restructuring matters of the year. Below are some of our largest matters that have kept us busy in 2023.
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Ryze Renewables
Ryze Renewables, a Las Vegas-based developer of a biofuels refinery, in its chapter 11 cases in the Bankruptcy Court for the District of Delaware, including a court-supervised 363 asset sale process.
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Learfield
An ad hoc group of lenders of Learfield, a collegiate sports marketing company representing over 200 collegiate properties, in an out-of-court recapitalization transaction allowing the company to reduce its outstanding debt by over $600 million and secure $150 million in new-money equity investments.
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Envision Healthcare
KKR, as sponsor to Envision Healthcare, in (a) Envision’s chapter 11 cases and (b) in connection with Envision’s entry into $2.6 billion, in aggregate, of new senior secured first and second lien financing facilities and its related $1.5 billion of related discounted debt repurchase transactions and $3.7 billion refinancing transaction.
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QualTek Services
An ad hoc group of first lien term loan lenders of QualTek Services, a leading provider of telecommunications infrastructure services, in connection with both a prepetition financing transaction and a comprehensive restructuring effected through the company’s prearranged chapter 11 filing.
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Endo Pharmaceuticals
An ad hoc group of first lien, second lien, and unsecured lenders in the chapter 11 restructuring of Endo Pharmaceuticals, a specialty pharmaceutical company. The group comprised approximately of $3.2 billion, nearly forty percent, of the company’s funded debt.
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Avaya Holdings Corp.
An ad hoc investor group of first lien lenders of Avaya Holdings Corp., a global leader in communication and collaboration solutions, in connection with the company’s prepackaged chapter 11 plan which reduced Avaya’s total debt by more than 75% from approximately $3.4 billion to approximately $800 million.
