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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.

Hexion Emerges From Chapter 11

Paul, Weiss represented Hexion Holdings LLC, the world’s leading producer of thermosetting resins, and a leading producer of adhesive and structural resins and coatings, as special financing and securities counsel in the company’s chapter 11 cases. Pursuant to the plan, the company restructured over $3.8 billion of debt, with the proceeds of $1.641 billion in new long-term debt and a $300 million rights offering for new equity, in each case, backstopped by certain of the company’s existing noteholders.

The Paul, Weiss team included bankruptcy partners Jeffrey Saferstein and Jacob Adlerstein and counsel Sam Lovett; corporate partners Gregory Ezring, David Huntington, Brian Kim, Mark Wlazlo, David Carmona and Brian Finnegan and counsel David Epstein, Elanit Snow and Gabriella Toossi; and tax partners Brad Okun and Brian Grieve.

July 11, 2019

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