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A top-notch restructuring group, capable of handling the biggest and the most difficult restructuring from either company side or creditors’ side.

- Chambers USA, Band 1 Bankruptcy/Restructuring (Nationwide and NY)

Hornblower Obtains Chapter 11 Plan Confirmation

Paul, Weiss represented Hornblower Group, a global leader in world-class experiences and transportation, in obtaining court approval of its chapter 11 restructuring plan. Under the plan, the company’s majority ownership will transition to funds managed by Strategic Value Partners, LLC, and its affiliates, while Crestview Partners will retain a significant minority position in Hornblower. Crestview will also become the sole owner of Journey Beyond, a stand-alone operating unit of Hornblower and the leading experiential travel provider in Australia. Upon emergence from chapter 11, expected in the coming weeks, Hornblower will have reduced its total debt by approximately $720 million and substantially increased its liquidity.

The Paul, Weiss team included restructuring partners Jacob Adlerstein, Paul Basta, Kyle Kimpler and John Weber, and counsel Sarah Harnett; litigation partners Andrew Ehrlich and Gregory Laufer, and counsel Robert Kravitz, Jonathan Hurwitz and Steven Herzog; tax partners Matthew Jordan and Scott Sontag, and counsel Sarah Katz and Patrick Karsnitz; corporate partners Neil Goldman, David Huntington, Megan Spelman, David Tarr and Robert Zochowski, and counsel Adam Longenbach and Lyudmila Bondarenko; intellectual property partner Claudine Meredith-Goujon; executive compensation partner Lawrence Witdorchic and counsel Lisa Krausz Eisenberg; and antitrust partner Marta Kelly, and counsel Yuni Sobel, Todd Hahn and Chad de Souza.

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