Restructuring
& Debt Capital
Solutions
The Restructuring & Debt Capital Solutions Group helps clients navigate complex financial and capital structure challenges, combining the firm’s deep restructuring capabilities with sophisticated debt capital solutions experience. We regularly advise key stakeholders in complex and headline-grabbing restructuring matters, workouts, complex financings and liability management transactions, providing strategic, commercial advice grounded in decades of experience across rapidly evolving markets and capital structures.
We represent all constituencies, including debtors, equity sponsors, investors, and fulcrum lender and creditor groups, across the full range of in‑court and out‑of‑court restructurings. Our experience includes chapter 11 and chapter 15 cases, section 363 sales, cross‑border restructurings, corporate reorganizations and negotiated out‑of‑court solutions. Clients rely on us for the nuanced, informed perspective we bring to the most complex situations—a result of our balanced experience representing every side on bankruptcies and out-of-court restructurings.
Outside of formal restructuring processes, we advise on situations where clients seek to preserve optionality, stabilize liquidity or reposition their balance sheets without commencing an in‑court proceeding. We advise sponsors, issuers, creditors and investors on a broad range of liability management transactions and bespoke debt, equity and hybrid solutions across the capital structure, often in circumstances requiring careful judgment, disciplined execution and close coordination among stakeholders.
Our debt capital solutions experience includes structuring, negotiating and implementing complex capital solutions across the credit spectrum, including drop-down and double-dip financings, uptier and pari-plus exchanges, discount capture transactions, enhanced carve-out financings, debt-for-equity exchanges, direct-lending transactions (including first and second-lien, unitranche, mezzanine loans, and preferred equity), amendment and extend transactions, and other out-of-court strategies.
The group works seamlessly with colleagues across the firm’s M&A, private equity, finance, capital markets, litigation and tax practices. Clients value this integrated approach because it enables the group to deliver coordinated advice in fast‑moving and high‑stakes situations, whether a matter involves a comprehensive restructuring or a liability management transaction.
“Their bench strength is one of their keys to their success and they consistently are on top of the current issues.”
- Chambers Global 2026: Bankruptcy/Restructuring
Recent
Experience
Recognition
Chambers USA: 2023 Bankruptcy Law Firm of the Year
- Top tier restructuring firm according to Chambers USA and Legal 500 - recognized as Chambers USA "Bankruptcy Law Firm of the Year" in 2023 and 2019, and shortlisted in 2022
- A restructuring partner has been recognized as one of the American Bankruptcy Institute (ABI)’s “40 Under 40” Emerging Leaders in Insolvency Practice in 2024, 2023, 2021 and 2020
- A restructuring partner has been recognized as a Law360 MVP for bankruptcy in 2023, 2021 and 2019
Recent Engagements
- An ad hoc group of senior secured noteholders and debtor-in-possession lenders of Saks Global Enterprises and its affiliates in connection with the luxury retailer’s successful emergence from chapter 11 bankruptcy as Exemplar Luxury Group with a reduction of more than 75% of its over $3.4 billion in pre-petition debt. The ad hoc group provided $1 billion in emergency DIP financing, $500 million in new exit financing and now owns substantially all of Exemplar’s equity
- An ad hoc group of noteholders of Inotiv, a leading contract research organization, in the company’s voluntary prepackaged chapter 11 case in the U.S. Bankruptcy Court for the Southern District of Texas
- Cumulus Media, which operates nearly 400 U.S. radio stations, in its prepackaged plan of reorganization and voluntary chapter 11 case filed in the U.S. Bankruptcy Court for the Southern District of Texas
- An ad hoc group of lenders and noteholders for Cabinetworks Group, the largest privately held cabinetmaker in the U.S., on a successful liability management transaction, which includes $100 million in new money first lien first-out term loans provided by the ad hoc group, a refinancing and exchange of $1.4 billion of existing first lien term loans into new first lien second-out term loans and an exchange of approximately $500 million existing senior unsecured bonds into new first lien third-out secured bonds
- iRobot in connection with its comprehensive prepackaged chapter 11 restructuring whereby the Company will deleverage is balance by equitizing approximately $265 million of debt held by the Company’s sole secured lender and primary supplier, Shenzhen PICEA Robotics and Santrum Hong Kong (collectively known as Picea), enabling the Company to implement a going-concern restructuring and execute on its business plan upon emergence from chapter 11
- Rinchem, a specialty warehousing and logistics company with a global network of chemical and gas logistics capabilities, in connection with an uptier debt exchange and maturity extension involving $350 million of term loans, a $35 million revolving credit facility, and approximately $100 million of new money term loans
- Brookfield Asset Management in the chapter 11 cases of solar energy developer Pine Gate Renewables, including Brookfield’s acquisition of certain Pine Gate assets via a 363 bankruptcy sale and Brookfield’s role as lender for one of Pine Gate’s three separate debtor-in-possession loans totaling $1.7 billion. Under the terms of the transaction, Brookfield purchased the equity of several Pine Gate subsidiaries, which comprise 22 solar projects
- Rite Aid Corporation, a full-service pharmacy company providing a broad range of services, including retail pharmacy, PBM, and mail order, across 17 states, in the company’s successful chapter 11 plan of reorganization
- Certain affiliates of Brookfield Asset Management in their capacities as agent and lenders under a $600 million first lien back-leverage loan facility to PosiGen, including in connection with PosiGen’s chapter 11 cases
- 23andMe (n/k/a Chrome), a leading human genetics and biotechnology company, in its plan of reorganization under chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Missouri. Through its bankruptcy proceedings, the company successfully closed the sale of substantially all of its assets to TTAM Research Institute for $305 million
- A group of Serta Simmons lenders excluded from a 2020 debt restructuring deal in the significant victory in the appeal of the opinion of the Fifth Circuit. The decision reversed the Houston bankruptcy court’s decisions in the chapter 11 cases that had validated the 2020 uptier transaction with a subset of favored lenders and rejected the excluded lenders’ counterclaims against the favored lenders
- Diamond Sports Group, the nation’s largest owner of regional sports networks, in its successful chapter 11 cases filed in the Bankruptcy Court for the Southern District of Texas. The company emerged as Main Street Sports Group, with its outstanding debt trimmed from nearly $9 billion to $200 million
