Restructuring

2023 Restructuring Department Highlights

The Paul, Weiss Restructuring Department continues to be involved in the most notable matters across industries and borders. We possess a thorough knowledge of every aspect of bankruptcy law, coupled with perspectives earned from representing all sides of major restructuring transactions.

Rite Aid Emerges From Chapter 11

Paul, Weiss represented an ad hoc group of second lien noteholders in Rite Aid Corporation’s successful emergence from chapter 11 bankruptcy.

Experienced Financial Restructuring and Special Situations Partner Joins Paul, Weiss in London

Liz Osborne is joining Paul, Weiss as a partner in the Restructuring Department and head of European Restructuring, resident in London. Liz advises companies and creditors on stressed and distressed investments, including special situations financings and complex restructurings.

Hornblower Emerges From Chapter 11

Paul, Weiss represented Hornblower Group, a global leader in world-class experiences and transportation, in its successful emergence from chapter 11.

IronNet Emerges From Chapter 11

Paul, Weiss represented C5 Capital and ITC Global Advisers, as secured lenders, in the successful chapter 11 cases of IronNet, Inc., a global cybersecurity company.

Digicel Completes $3.8 Billion Restructuring

Paul, Weiss advised an ad hoc group of creditors of Digicel Limited (DL) and its subsidiaries in the company’s consensual financial restructuring of approximately $3.8 billion of debt.

Revlon Obtains Court Approval for Chapter 11 Plan

Paul, Weiss obtained court approval for longtime client Revlon Inc.’s plan of reorganization under chapter 11.

Western Global Airlines Emerges From Chapter 11

Paul, Weiss represented an ad hoc group of debtor-in-possession lenders and certain unsecured senior noteholders in the successful restructuring of Western Global Airlines, which emerged from its amended chapter 11 plan.

Brookfield Infrastructure Partners to Acquire Cyxtera Assets

Paul, Weiss is advising Brookfield Infrastructure Partners L.P. and its institutional partners in the $775 million acquisition of substantially all of Cyxtera’s assets.

Benefytt Technologies Emerges from Chapter 11 Bankruptcy Proceedings

Paul, Weiss represented funds managed by Madison Dearborn Partners, LLC (MDP) as sponsors and debtor-in-possession (DIP) lenders in the prearranged chapter 11 cases of Benefytt Technologies, Inc. Benefytt is a health insurance technology company that markets and sells Medicare and private health insurance products, agent technology systems and insurance policy administration platforms.

The Madison Square Boys & Girls Club Emerges From Bankruptcy

Paul, Weiss advised The Madison Square Boys & Girls Club on its amended plan of reorganization.

Proterra Emerges From Chapter 11

Paul, Weiss obtained court approval for client Proterra Inc.’s chapter 11 plan of reorganization, allowing the electric vehicle manufacturing company to emerge from bankruptcy.

National CineMedia to Exit Bankruptcy

Paul, Weiss advised National CineMedia LLC, the largest movie theater advertising business in North America, on its approved chapter 11 plan, clearing the way for the company to exit bankruptcy.

QualTek Services to Exit Bankruptcy

Paul, Weiss advised an ad hoc group of first lien term loan lenders to QualTek Services Inc., a leading provider of telecommunications infrastructure services, on its approved chapter 11 plan.

Paul, Weiss Advises Ad Hoc Lender Group in Avaya Restructuring

Paul, Weiss represented an ad hoc investor group of first lien lenders in the successful completion of Avaya Holdings Corp.’s prepackaged chapter 11 restructuring.

Market-Leading Industry Insights

Our team regularly provides clients with updates on key industry developments and consistently contributes to the most well-respected restructuring publications.

» View a complete list of our recent restructuring client memos and publications

Restructuring Department Bulletin - September 2024

In the September 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.

Restructuring Department Bulletin - August 2024

In the August 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.

Restructuring Department Bulletin - July 2024

In the July 2024 edition of the Restructuring Department Bulletin, we highlight recent decisions and developments impacting the restructuring arena and share the latest news on the Paul, Weiss Restructuring Department.

Texas Bankruptcy Court Rules on Liability Management Transactions and “Required Lender” Status in In re Robertshaw US Holding Corp.

A Texas bankruptcy court issued a ruling in an adversary proceeding concerning the chapter 11 cases of appliance component manufacturer Robertshaw.

Alice Eaton and Sean Mitchell Discuss Paul, Weiss’s Restructuring Practice in Vault Q&A

Restructuring partners Alice Eaton and Sean Mitchell were featured in a Q&A on Paul, Weiss’s Restructuring practice in the 2024 edition of “Practice Perspectives: Vault’s Guide to Legal Practice Areas.”

Elizabeth McColm and Sean Mitchell Publish “USA” Chapter in ICLG – Restructuring & Insolvency 2024

Restructuring partners Elizabeth McColm and Sean Mitchell co-wrote the “USA” chapter in the International Comparative Legal Guide - Restructuring & Insolvency Laws & Regulations 2024, published by the Global Legal Group Ltd., London.

Alice Eaton to Discuss Innovative Financing Structures for Distressed Assets at Wharton’s PE and Venture Capital Conference

Restructuring partner Alice Eaton will speak on a panel, “Adjusting to a New Era: Redefining Value Creation in Uncertain Times,” as part of the Wharton School of the University of Pennsylvania’s 2024 Private Equity and Venture Capital Conference.

Elizabeth McColm to Speak at University of Chicago and BYU Winter Bankruptcy Conference

Restructuring partner Elizabeth McColm will be a featured speaker on the “Women Leaders in the Restructuring Field” keynote panel at the inaugural Winter Bankruptcy Conference, hosted by the University of Chicago Center on Law and Finance and Brigham Young University Law School.

Sean Mitchell to Discuss 2024 Restructuring Outlook at Expert Webcast Event

Restructuring partner Sean Mitchell will participate in a webinar, “Outlook for Bankruptcy & Restructuring 2024,” hosted by Expert Webcast.

Brian Hermann to Discuss Nuances of Uptier & Dropdown Transactions at Fifth Circuit Bankruptcy Conference

Restructuring partner Brian Hermann will participate in a panel, “Lender-on-Lender Violence: Prepetition Uptier & Drop-down Transactions & State Court Litigation and Their Treatment in Chapter 11” as part of the 2024 Fifth Circuit Bankruptcy Bench-Bar Conference.

Alice Eaton, Brian Hermann and Bob Britton to Speak at Wharton Restructuring and Distressed Investing Conference

Restructuring partners Alice Eaton, Brian Hermann and Bob Britton will each participate in panel discussions as part of the 2024 Wharton Restructuring and Distressed Investing Conference.

Jake Adlerstein Discusses a Potential Increase in Liability Management Exercises With Debtwire

Restructuring partner Jake Adlerstein spoke with Debtwire about the potential increase in liability management exercises in 2024.

Alice Eaton and Billy Clareman to Discuss Latest Restructuring Developments at PLI Event

Restructuring partner Alice Eaton and litigation partner Billy Clareman will participate in the Practising Law Institute’s “Recent Developments in Distressed Debt, Restructurings, and Workouts 2024” program.

Elizabeth McColm, Brian Bolin and Mitchell Mengden Author “US Debt Restructurings” Chapter in GRR Americas Restructuring Review 2024

Restructuring partners Elizabeth McColm and Brian Bolin and associate Mitchell Mengden wrote a chapter in the Americas Restructuring Review 2024, published by Global Restructuring Review.