Select Distressed Transactions

Some of our significant distressed transactions include representations of:

  • an informal group of senior secured lenders and noteholders, DIP lenders and stalking horse purchaser of Walter Energy in the sale of a substantial portion of the company’s core mining assets through a credit bid transaction
  • the second lien noteholder group of Eastman Kodak in the $525 million sale of digital imaging patents to a consortium of 12 intellectual property licensees
  • the debtor, Edge Petroleum, in its chapter 11 case that involved the sale of stock of the reorganized debtor through an auction sale
  • the Official Committee of Unsecured Creditors of Edison Mission Energy in connection with company’s sale of its assets to NRG Energy Inc. for $2.6 billion
  • the Official Committee of Unsecured Creditors of EMAS Chiyoda Subsea Limited in connection with the company’s sale of one of its main assets to the stalking horse purchaser
  • the Official Committee of Unsecured Creditors of Emerald Oil in connection with the company’s chapter 11 liquidation involving a lengthy $110.5 million asset sale process
  • the special committee of Hercules Offshore in connection with the sale of the company’s assets including, primarily, offshore oil rigs
  • the Official Committee of Unsecured Creditors of Nortel Networks in connection with nearly $8 billion of asset sales, including the $4.5 billion sale of Nortel’s portfolio of 6,000 patents and patent applications
  • the debtor entities, which consisted of three Singaporean special purpose companies, in connection with the chapter 11 case of a deep water oil rig operator that involved a $1.5 billion asset sale
  • a steering group of secured lenders of Philadelphia Newspapers in its acquisition of the publisher’s assets for $105 million in cash
  • the debtor, Quicksilver Resources, in its chapter 11 liquidation and its high-profile $245 million cash sale of all of its oil and gas assets
  • the debtor, a large mobile communications provider, in the sale of its assets to stalking horse bidder for $1.375 billion
  • the Official Committee of Unsecured Creditors of Saint Vincent’s Catholic Medical Centers in a series of sales, including of real estate holdings, senior care nursing facilities, and a home health services agency
  • the steering committee of second lien lenders and noteholders of SunEdison in connection with the chapter 11 cases involving sale and merger transactions of two of the company’s main publicly-traded, independent “Yieldco” subsidiaries