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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

Exide Completes Prearranged Bankruptcy

Paul, Weiss represented an ad hoc group of stakeholders in the successful prearranged chapter 11 cases of Exide Technologies, LLC, a Georgia-based global manufacturer of automotive and industrial batteries with operations in more than 80 countries. In accordance with the terms of a restructuring support agreement, the ad hoc group funded the “last out” portion of the debtors’ DIP financing facility; supported the marketing and sale of the debtors’ U.S. assets to ATLAS; served as the stalking horse bidder for, and closed, a $430 million credit-bid purchase of the debtors’ EMEA business; issued new financing to the EMEA business in the amount of $40 million; participated in a global mediation process with more than a dozen environmental regulators and other key stakeholders; and facilitated the funding of a resulting settlement through the acquired EMEA business.

The Paul, Weiss team included restructuring partners Alice Eaton and Bob Britton and counsel Claudia Tobler; corporate partners Ariel Deckelbaum and Catherine Goodall and counsel Bruce Gruder and David Harris; litigation partners William Clareman, Andrew Finch and Jacqueline Rubin; employee benefits partner Andrew Gaines and counsel Lisa Krauz Eisenberg; intellectual property partner Claudine Meredith-Goujon; tax partner David Mayo; real estate partner Peter Fisch; environmental counsel William O’Brien; and antitrust counsel Yuni Sobel.

October 30, 2020

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