Cyrus Capital Partners Turns to Akin Gump for Virgin America Debt Restructuring
(New York) – Akin Gump Strauss Hauer & Feld LLP served as legal advisor to Cyrus Capital Partners, an investor in Virgin America Inc., as it helped the airline restructure nearly $300 million of its debt. Virgin America said it borrowed an additional $75 million after the end of the first quarter, following a $150 million capital increase from its investors in late 2011.
Trey Muldrow, a partner in Akin Gump’s corporate practice, and senior counsel Ed Christian led the team advising Cyrus Capital.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international law firm, numbers more than 850 lawyers in the United States, Europe, Asia and the Middle East.
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