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
Paul, Weiss has a market leading practice representing key creditor constituencies (official and ad hoc groups, agents, trustees, strategic creditors, critical contract counterparties, etc.) in complex, high profile in- and out-of-court restructuring, debt refinancing and recapitalization matters. We represent a broad array of creditors and understand the needs and concerns of different creditor constituencies (operational, financial, secured, unsecured, etc.). The diversity of our creditor matters and clients distinguishes our practice and enhances our ability to represent—and secure successful outcomes for—official and unofficial groups comprised of different types of creditors.
An ad hoc committee of noteholders of Mallinckrodt, a leading global biopharmaceutical company, in (a) Mallinckrodt’s chapter 11 cases and (b) a prior out-of-court exchange of $495 million of senior unsecured debt for new first lien senior secured notes, on a par-for-par basis.
Ongoing Chapter 11 Cases of Intelsat
An ad hoc group of 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.
Oro Negro’s Contentious Cross-Border Restructuring
An ad hoc group of senior secured creditors of Oro Negro, a Mexican offshore drilling company, in a restructuring of over $900 million of secured debt obligations issued pursuant to Norwegian law-governed documents that involves contested concurso mercantil proceedings in Mexico, a related chapter 15 proceeding in the Southern District of New York, and litigation in Singapore and Norway.
American Achievement Corporation's Involuntary Chapter 11 Cases
Affiliates of Prudential Capital Partners and Onex Falcon as petitioning creditors in the involuntary chapter 11 cases and subsequent consensual out-of-court restructuring of American Achievement Corporation, a leading publisher of yearbooks, manufacturer and direct marketer of scholastic and graduation products, and provider of graduation commencement services.
KKR as Agent and Lender in NPC International's Chapter 11 Cases
KKR, as agent and lender, in connection with NPC International’s bankruptcy cases. NPC’s confirmed chapter 11 provides for the distribution of proceeds from the court-approved sales of the debtors’ Wendy’s and Pizza Hut businesses, to Flynn Restaurant Group and a consortium of Wendy’s franchisees, for a combined purchase price of approximately $801 million. NPC anticipates closing the sales and effectuating the plan by the second quarter of 2021.
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.
Out-of-Court Recapitalization Transaction of Spanish Broadcasting System
The ad hoc committee of bondholders of Spanish Broadcasting System, one of the largest owners and operators of radio stations in the United States, in the company’s out-of-court recapitalization transaction.
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.
Gulfport Energy's Chapter 11 Cases
An ad hoc committee of unsecured noteholders of Gulfport Energy, an independent, natural gas-weighted exploration and production company, in Gulfport’s prearranged chapter 11 cases in the Southern District of Texas.