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The Paul, Weiss Bankruptcy & Corporate Reorganization Department serves as a critical advisor in almost every major, complex restructuring matter, helping companies, creditors and investors facing rapid market transformation respond to business challenges with comprehensive and innovative strategies. Diversity of matters and clients, senior-level attention and seamless delivery of multidisciplinary services distinguish the practice.

Exide Technologies Completes Comprehensive Recapitalization

Paul, Weiss represented an ad hoc group of secured creditors in connection with the comprehensive recapitalization of Exide Technologies, a global manufacturer of automotive and industrial batteries. As part of the recapitalization, the company issued $150 million of new superpriority secured notes backstopped by the ad hoc group, amended its existing asset-backed lending facility and exchanged or equitized over $900 million of its outstanding first and second lien indebtedness.

The Paul, Weiss team included bankruptcy partners Alice Eaton and Robert Britton; securities partners Lawrence Wee and David Huntington; finance partner Catherine Goodall and counsel Stephen Koo; tax partner Patrick Karsnitz; corporate partners David Carmona and Claudine Meredith-Goujon and counsel Chaim Theil; employee benefits partner Andrew Gaines; and real estate partner Peter Fisch.

June 27, 2019

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