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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)

Media, Technology & Telecommunications

Our restructuring department fields large, multidisciplinary teams that leverage the resources of our firm as a whole. We act on all sides of cutting-edge restructuring transactions across a range of industries.

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  • Digicel Group's Restructuring

    An ad hoc group of secured and unsecured creditors of Digicel Group, the leading provider of mobile phone networks and home entertainment services in 25 markets across the Caribbean, Central America and Asia Pacific, in its restructuring of over $5.4 billion of debt.

  • Diamond Sports Group's Chapter 11 Cases

    Diamond Sports Group, the nation’s largest owner of regional sports networks, in its chapter 11 cases filed in the Bankruptcy Court for the Southern District of Texas. In connection with its filing, Diamond entered into a restructuring support agreement with the company’s creditors that would eliminate over $8 billion of its outstanding debt.

  • Learfield's Recepitalization

    An ad hoc group of lenders of Learfield, a collegiate sports marketing company representing over 200 collegiate properties, in an out-of-court recapitalization transaction allowing the company to reduce its outstanding debt by over $600 million and secured $150 million in new-money equity investments.

  • Avaya's Prepackaged Chapter 11 Plan

    An ad hoc investor group of first lien lenders of Avaya Holdings Corp., a global leader in communication and collaboration solutions, in connection with the company’s prepackaged chapter 11 plan which reduced Avaya’s total debt by more than 75% from approximately $3.4 billion to approximately $800 million.

  • QualTek's Prearranged Chapter 11

    An ad hoc group of first lien term loan lenders of QualTek Services, a leading provider of telecommunications infrastructure services, in connection with both a prepetition financing transaction and a comprehensive restructuring effected through the company’s prearranged chapter 11 filing.

  • Ongoing Chapter 11 Cases of Intelsat

    An ad hoc group of holding company noteholders in the chapter 11 cases of Intelsat S.A. and its co-debtor affiliates, operator of the world’s largest and most advanced satellite fleet and connectivity infrastructure. Despite being creditors of Intelsat’s various holding companies, the ad hoc group negotiated a plan of reorganization that provided holding company creditors with approximately $400 million of value, in addition to other contingent value rights tied to Intelsat’s continued C-band spectrum clearing project.

  • Out-of-Court Restructuring of IPC Systems

    SVPGlobal in an out-of-court restructuring of IPC Systems, a leading provider and servicer of voice communication systems for financial companies, which included the refinancing or restructuring of more than $1 billion of funded debt obligations and a $125 million equity financing.

  • Ad Hoc Group of Frontier Communications

    An ad hoc group of first lien secured lenders in the chapter 11 cases of Frontier Communications, a leading telecommunications company with approximately $17.5 billion of funded debt obligations.

  • LSC Communications Chapter 11 Cases

    The ad hoc group of secured noteholders of LSC Communications, a provider of traditional and digital print products, in the chapter 11 cases of LSC and 21 affiliates, including in connection with the court-approved sale of substantially all of LSC’s assets to an affiliate of Atlas Holdings LLC, for cash, a credit bid of obligations under the company’s secured term loan facility and senior secured notes, at the direction of the creditors, and the assumption of certain liabilities.

  • Successful Out-of-Court Restructuring of Ligado Networks

    An ad hoc group of second lien lenders of telecom company Ligado Networks in Ligado’s successful out-of-court restructuring of approximately $14 billion of liabilities and issuance of $2.85 billion of 15.5% PIK Senior Secured First Lien Notes due 2023 and $1 billion of 17.5% PIK Senior Secured Notes due 2024.

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