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
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.
Cumulus Media’s Chapter 11 Cases
Cumulus Media Inc., the nation’s second largest radio company with 446 stations spread across 90 markets, and certain of its affiliates in their chapter 11 cases, including a multi-day chapter 11 plan confirmation trial addressing, among other things, various valuation issues.
Sungard’s Prepackaged Chapter 11 Case
The equity sponsors of software company Sungard Availability Services in its prepackaged chapter 11 case, approved by the United States Bankruptcy Court for the Southern District of New York less than 24 hours after the company filed for chapter 11 protection, setting the record for the fastest chapter 11 case ever.
Windstream’s Chapter 11 Case
An ad hoc group of first lien lenders in the chapter 11 restructuring of Windstream Holdings, Inc., a leading provider of advanced network communications and technology solutions for businesses across the United States, with over $5 billion in funded debt obligations.
Mood Media’s Cross-Border Restructuring
U.S. counsel to certain noteholders holding a majority of notes issued by Mood Media Corporation, a leading global provider of in-store media and marketing services with $650 million in funded debt obligations, in connection with a comprehensive debt and equity restructuring through proceedings in Canada and the United States.
Aspect Software’s Pre-arranged Chapter 11 Case
An ad hoc committee of certain first lien lenders of Aspect Software, a global provider of software systems, equipment, and corresponding professional services for contact centers that service the needs of customers across a wide range of industries, as well as lenders under Aspect Software’s postpetition term loan facility, in connection with Aspect Software’s restructuring through a pre-arranged chapter 11 case. This matter was recognized by The M&A Advisor as the “Information Technology Deal of the Year (Over $250MM).”
Catalina Marketing’s Chapter 11 Cases
An ad hoc group of crossover lenders to Catalina Marketing Corporation, a leading provider of personalized digital media solutions, in connection with the company’s prepackaged chapter 11 cases.
Nine Entertainment Group’s Restructuring
The senior secured lenders to Australian-based Nine Entertainment Group in the restructuring of more than AU$2 billion of debt by means of a scheme of arrangement under which the lenders became the principal equity holders of the reorganized company.
Houghton Mifflin Harcourt’s Prepackaged Chapter 11 Case
Houghton Mifflin Harcourt Publishing Company, a leading textbook publisher, in the negotiation, filing and consummation of a prepackaged chapter 11 reorganization plan that eliminated approximately $3.1 billion in debt and $250 million in annual interest costs. The company emerged from chapter 11 in a mere 32 days.
Charter Communications’ Chapter 11 Case
The unofficial committee of bondholders of Charter Communications, one of the largest cable service providers, in Charter’s unprecedented “reinstatement” plan under chapter 11, permitting the fourth largest cable television operator to emerge from chapter 11 with $8 billion less debt on its balance sheet and $2.5 billion of capital newly invested by our clients. Paul, Weiss was recognized by The Financial Times for our “Stand Out” work on this matter. The Deal Magazine recognized the matter as a “Deal of the Year.”
Alpha Media Group’s Out-of-Court Restructuring
Alpha Media Group, publisher of Maxim Magazine, in connection with its out-of-court restructuring.