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The thing that strikes you the most about Paul, Weiss is the depth of the practice. They just have a large number of senior partners, all of whom are of an outstanding quality.

- Chambers USA, Band 1 for Bankruptcy/Restructuring (Nationwide and NYC) and "Bankruptcy Law Firm of the Year" in 2019

Cumulus Media Begins Chapter 11 Proceedings

Paul, Weiss is representing radio broadcasting company Cumulus Media Inc. and certain of its affiliates in connection with their chapter 11 cases in the Bankruptcy Court for the Southern District of New York. Prior to filing, Cumulus entered into a Restructuring Support Agreement with certain of its secured lenders, among others, which will result in a reduction of the Company’s debt by more than $1 billion. The Company also filed its plan of reorganization and disclosure statement, outlining a restructuring plan to give term lenders take-back paper and 83.5% of reorganized equity, with the unsecured notes receiving the balance of the equity. The confirmation hearing is scheduled for five days beginning April 12, 2018.

The Paul, Weiss team includes bankruptcy partners Paul Basta and Jacob Adlerstein and counsel Claudia Tobler; corporate partners John Kennedy and Ariel Deckelbaum; litigation partners Lewis Clayton, Allan Arffa, and Susanna Buergel and counsel Jonathan Hurwitz; tax partner David Sicular; and employee benefits partner Andrew Gaines and counsel Jason Ertel.

January 4, 2018

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