363 Sales and Distressed M&A

• Represented an ad hoc group of senior secured lenders to Westmoreland Coal Company in an out‑of‑court restructuring and spin‑off of an ESG‑focused business.
• Represented an insurance brokerage service provider in a section 363 sale and plan of liquidation addressing approximately $127 million of funded debt.
• Represented FB Debt Financing Guarantor, LLC and certain subsidiaries (Forma Brands) in their chapter 11 cases addressing approximately $870 million of funded debt, facilitating a going‑concern 363 sale, and resolving complex licensing and potential litigation matters.
• Represented BCE‑Mach III LLC in the acquisition of substantially all upstream oil & gas assets of Alta Mesa Holdings, LP and subsidiaries, and the midstream assets of Kingfisher Midstream, LLC and subsidiaries, through chapter 11 and related 363 sale processes. Also advised Bayou City Energy Management LLC, a major Alta Mesa equity holder, regarding a global settlement tied to the asset sale.
• Represented the stalking horse purchaser and DIP lender in the Jack Cooper Ventures Inc. chapter 11 cases in the Northern District of Georgia. The prearranged restructuring addressed approximately $575 million in prepetition secured debt, modified labor and pension obligations, and facilitated a going‑concern 363 sales.

Other Chapter 11 Transactions

• Represented an ad hoc lender group in the chapter 11 cases of Wellpath, a correctional and behavioral healthcare provider with $700 million in liabilities.
• Represented the lead lender in a $93 million DIP financing and its acquisition of a sustainable forestry company through a consensual prepackaged chapter 11 process.
• Represented Intelsat S.A. and affiliates in their chapter 11 cases in the Eastern District of Virginia involving approximately $14.7 billion of funded debt and $1 billion in DIP financing.
• Represented Washington Prime Group Inc. and 88 affiliates in their prearranged chapter 11 cases in the Southern District of Texas, restructuring over $1 billion in funded debt.
• Represented Covia Holdings Corporation and affiliates in prearranged chapter 11 cases involving approximately $1.6 billion in funded debt, reducing go‑forward debt and fixed costs by more than $1 billion.
• Represented Sheridan Holding Company II, LLC and affiliates in their prepackaged chapter 11 cases in the Southern District of Texas addressing over $1.1 billion in funded debt through an equitization supported by virtually all creditors.
• Represented Pier 1 Imports Inc. and subsidiaries in chapter 11 proceedings in the Eastern District of Virginia.
• Represented American Tire Distributors Inc. in its prearranged chapter 11 cases involving restructuring of approximately $2.6 billion in funded debt and conversion of approximately $1.1 billion of bonds to equity.
• Represented Things Remembered Inc. in chapter 11 cases preserving its online business, up to 1,400 jobs, and approximately 178 stores.
• Represented VER Technologies HoldCo LLC and affiliates in chapter 11 cases with over $760 million in funded debt, securing $364.7 million in DIP financing and achieving award‑winning restructuring results.

Preferred Equity Transactions

• Represented an Abu Dhabi–based global alternative investment manager in a co‑investment in a Series B preferred share issuance by an Asia‑based data center developer and operator.
• Represented an investment fund with over $35 billion AUM in its $75 million purchase of Series A Preferred Stock in Mondee (NASDAQ: MOND).
• Represented a global asset manager in a “holdco loan” and preferred equity investment in an environmental remediation company.

List may include matters worked on prior to joining Akin.