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)
Mitel Commences $1.15 Billion Restructuring
- Client News
- March 12, 2025
Paul, Weiss is representing Mitel Networks Corporation, a global leader in business communications, on its prepackaged plan of reorganization and voluntary chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas. Under the restructuring agreement Mitel reached with an ad hoc group of lenders and other key stakeholders, the company will recapitalize its debt, deleveraging its balance sheet by about $1.15 billion and reducing its annual cash interest expense by approximately $135 million.
As part of the restructuring, Mitel has received a commitment of $60 million of new money debtor-in-possession financing from certain of the supporting lenders and a commitment of $64.5 million of new exit financing that will support the company’s future operations upon consummation of the reorganization plan.
The Paul, Weiss team includes restructuring partners Paul Basta, John Weber, Lauren Bilzin, Liz Osborne and Sean Mitchell and counsel Douglas Keeton; tax partners Robert Holo and Timothy Lowe and counsel Caroline Inker; litigation partners Andrew Ehrlich, John Carlin, William Clareman and Paul Paterson; intellectual property partners Charles Googe and John Patten and counsel Alex Zapalowski; corporate partners Robert Zochowski, Mikhel Schecter, David Carmona, Brian Lavin, Dan Schuster-Woldan, Timothy Cruickshank and Daniel Fuschillo, and counsel David Thomas, Gert Raig, Lyudmila Bondarenko and Nathan Mitchell; antitrust partners Nicole Kar, Scott Sher and Katharine Haigh, and counsel Sophie Chen and Todd Hahn; and executive compensation partner Lawrence Witdorchic.