skip to main content

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

School Specialty Enters Into Asset Purchase Agreement With Bayside Capital Affiliate

Paul, Weiss client School Specialty, Inc. (School Specialty) announced that it entered into an asset purchase agreement with an affiliate of Bayside Capital, Inc., under which School Specialty proposes to sell its assets as a going concern through a court-supervised sale process. To facilitate the transaction, School Specialty and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

In connection with the filing, School Specialty has secured new financing from its existing asset-based lenders and $50 million in additional capital in the form of debtor-in-possession financing from an affiliate of Bayside Capital.

The Paul, Weiss team included bankruptcy partners Alan Kornberg, Elizabeth McColm and Jeffrey Saferstein; corporate partners John Kennedy and Tarun M. Stewart; employee benefits partner Lawrence Witdorchic; environmental counsel William O'Brien; litigation partner Maria Vullo; real estate partner Salvatore Gogliormella; and tax partner Jeffrey Samuels.

January 28, 2013

© 2020 Paul, Weiss, Rifkind, Wharton & Garrison LLP

Privacy Policy