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)
Utilities, Coal, Power and Other Energy
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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Arch Coal’s Prearranged Chapter 11 Case
An ad hoc group of certain first lien debtholders of Arch Coal, a leading producer and marketer of coal in the U.S., in connection with Arch Coal’s restructuring through a prearranged chapter 11 case and certain related postpetition financing. As a result of the restructuring, the ad hoc group received substantial cash payments, $326.5 million in principal amount of new first lien debt, and 94 percent of Arch Coal’s common stock in exchange for $1.9 billion of secured prepetition loans. This matter was recognized by The M&A Advisor as the “Restructuring Deal of the Year ($5B-$10B).”
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Dynegy’s Prearranged Restructuring
An ad hoc committee of noteholders of Dynegy in connection with the commencement and settlement of litigation arising from a prepetition transfer of assets, the company’s bankruptcy cases and prearranged restructuring of $3.6 billion of unsecured claims. Paul, Weiss was recognized by The Financial Times for our “Highly Commended” work on this matter.
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GenOn Mid-Atlantic and NRG REMA’s Restructurings
The holders of pass through certificates issued to finance two separate leveraged lease transactions of certain coal-fired power plants operated by GenOn Mid-Atlantic, LLC and NRG REMA, LLC, subsidiaries of GenOn Energy, Inc., one of the 10 largest wholesale power generation companies in the U.S., in GenOn’s restructuring efforts.
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Bicent Holdings’ Prearranged Chapter 11 Cases
Bicent Holdings and its subsidiaries and affiliates, owners and operators of a portfolio of electric generation plants and power industry services businesses, in their prearranged chapter 11 cases.
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Ryze Renewables
Ryze Renewables, a Las Vegas-based developer of a biofuels refinery, in its chapter 11 cases in the Bankruptcy Court for the District of Delaware, including a court-supervised 363 asset sale process.
