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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 Lenders in Denbury Restructuring

Paul, Weiss advised an ad hoc group of second lien lenders in connection with the prepackaged chapter 11 restructuring of Denbury, Inc., a Texas-based hydrocarbon exploration company. The restructuring plan allows the company to reorganize its balance sheet and reduces the company’s debt by approximately $2.1 billion. The transaction converts the company’s second lien notes to 95% of the reorganized company’s equity.

The Paul, Weiss team included restructuring partners Elizabeth McColm and Andrew Rosenberg and counsel Diane Meyers; corporate partners Andrew Foley, Austin Witt and Jeffrey Marell and counsel Scott Grader; tax partner Robert Holo; and employee benefits partner Andrew Gaines.

September 18, 2020

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