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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

Paul, Weiss Advises Ad Hoc Group of First Lien Lenders in Frontier Restructuring

Paul, Weiss is representing an ad hoc group of first-lien lenders in the chapter 11 cases of cable provider Frontier Communications Corp. Frontier announced that its $11 billion plan of reorganization had been confirmed by the U.S. Bankruptcy Court for the Southern District of New York. In confirming the plan, the court approved a settlement among the company and its first- and second-lien lenders, overruling challenges to the settlement from two groups of senior unsecured noteholders. As part of the settlement, first-lien lenders will receive a payment from Frontier of at least $57.5 million, and potentially $65 million, depending on when Frontier completes the regulatory approval process and emerges from chapter 11.

Upon emergence, Frontier will have reduced its total outstanding indebtedness by more than $10 billion and have achieved significant financial flexibility to support continued investment in its long-term growth. Frontier filed for chapter 11 on April 14, 2020.

The Paul, Weiss team included restructuring partners Brian Hermann and Kyle Kimpler and of counsel Stephen Shimshak; litigation partners Gregory Laufer, Julia Wood, Aidan Synnott and Walter Rieman; corporate partners Lawrence Wee and Tracey Zaccone; and tax partner Robert Holo.



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