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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 Lenders in Boart Recapitalization and Redomiciliation Transactions

Paul, Weiss advised an ad hoc group of holders of secured and unsecured funded debt in the successful restructuring of Boart Longyear Limited, a world-leading provider of drilling services, orebody-data-collection technology, and innovative, safe and productivity-driven drilling equipment. Boart’s completed recapitalization transaction reduced approximately $795 million of the company’s debt through two Australian court-approved schemes of arrangement, which were recognized in companion Chapter 15 proceedings by the U.S. Bankruptcy Court for the Southern District of New York as a foreign main proceeding on September 21, 2021. Boart also completed a redomiciliation transaction on October 5 that moves its corporate and tax domicile from Australia to Canada.

The Paul, Weiss team included restructuring partners Andrew Rosenberg and Elizabeth McColm; corporate partner Catherine Goodall; antitrust counsel Marta Kelly; and international trade counsel Richard Elliott.

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