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
Supermarket, Restaurant & Other Food Services
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.
Tops Holdings’ Chapter 11 Cases
An ad hoc committee of senior secured noteholders of Tops Holding LLC and Tops Markets II Corporation, a leading upstate New York-based supermarket chain with approximately 170 locations, in Tops’ chapter 11 cases.
Country Fresh Holdings’ Out-Of-Court Restructuring
An ad hoc group of first lien lenders in connection with the out-of-court restructuring of Country Fresh Holdings Company, Inc., a provider of fresh-cut fruits and vegetables and snacking solutions. The company’s restructuring provided for, among other things, (a) the exchange of approximately $400 million of existing secured indebtedness into $60 million of second lien debt and 100% of the company’s reorganized equity, and (b) a new-money cash infusion of approximately $35 million to afford significant financial flexibility to support the company's long-term growth prospects.
Buffets Restaurant Holdings' Pre-arranged Chapter 11 Cases
Buffets Restaurant Holdings, Inc. and its subsidiaries and affiliates, one of the largest national chains in the restaurant industry family dining segment, in negotiating and consummating their pre-arranged chapter 11 cases that resulted in the restructuring of $250 million of secured and unsecured debt.
Hostess Brands' Chapter 11 Case
Silver Point Capital, as prepetition and postpetition agent for lenders to Hostess Brands, a leading manufacturer of bread and snack cakes, in connection with all aspects of its chapter 11 case.
Quiznos's Out-of-Court Restructuring
Quiznos, a quick serve restaurant franchisor, in its out-of-court debt restructuring of over $1 billion of secured debt and new capital raise which required one hundred percent first and second lien lender consent.
Sprouts Farmers Market's Refinancing
Sprouts Farmers Market, Inc., a leading specialty grocery chain focusing on fresh and healthy foods, in its $450 million senior secured revolving credit facility in connection with the refinancing of existing indebtedness.
Penn Traffic Company's Chapter 11 Case
The Penn Traffic Company, one of the leading U.S. food retailers and wholesalers, in connection with its chapter 11 case. Through asset sales and the restructuring of its balance sheet, Penn Traffic successfully reorganized, saving approximately 8,800 jobs. The company funded its future operations with exit financing from GE Capital Corp. and Kimco Realty Corp., as well as the proceeds of a sale-leaseback transaction involving Penn Traffic's five owned distribution centers.
Winn Dixie’s Chapter 11 Case
An ad hoc bondholder committee in connection with the chapter 11 reorganization of Winn Dixie, a regional grocery and supermarket chain.