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)
Creditor
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.
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Chapter 11 Cases of Endo Pharmaceuticals
An ad hoc group of first lien, second lien, and unsecured lenders in the chapter 11 restructuring of Endo Pharmaceuticals, a specialty pharmaceutical company. The group comprised approximately of $3.2 billion, nearly forty percent, of the company’s funded debt.
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Rite Aid's Restructuring
An ad hoc group of second lien noteholders of Rite Aid Corporation, a full-service pharmacy company providing a broad range of services, including retail pharmacy, PBM, and mail order, across 17 states, in connection with its restructuring of $3.4 billion of total funded debt, including $1.05 billion held by the ad hoc group.
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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.
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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.
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Clovis Oncology's Chapter 11 Cases and Sale
An ad hoc group of convertible noteholders of Clovis Oncology, a specialty pharmaceutical company, in the company's chapter 11 cases and related sale process.
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Talen Energy Chapter 11 Cases
An ad hoc group of crossholders of Talen Energy Supply, LLC, one of the largest competitive power generation companies in North America that owns the Susquehanna Nuclear Plant, in connection with the chapter 11 cases filed by the company and its affiliates in the U.S. Bankruptcy Court for the Southern District of Texas.
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Chapter 11 Cases of Serta Simmons
An ad hoc group of first lien lenders of Serta Simmons Bedding, LLC, one of the leading producers of mattresses and bedding products in the United States and Canada, in connection with the chapter 11 cases filed by the company and its affiliates in the U.S. Bankruptcy Court for the Southern District of Texas.
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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.
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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.
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Out-of-Court Restructuring of Rodan & Fields
Citibank, in its capacity as agent and revolving lender, in the out-of-court restructuring of Rodan & Fields.
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The Stayton
The successor bond trustee and an ad hoc group of certain holders of Tarrant County Cultural Education Facilities Financial Corporation Retirement Revenue Bonds (The Stayton at Museum Way Project), Series 2020 Bonds, in connection with safeguarding their interests in respect of Series 2020 Bonds and The Stayton, a continuing care retirement community.
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Wesco Aircraft Out-of-Court Recapitalization
An ad hoc group of unsecured noteholders of Wesco Aircraft Holdings (d/b/a Incora), a leading provider of comprehensive supply chain management services to the global aerospace and other industries, in connection with an out-of-court comprehensive recapitalization transaction, pursuant to which the members of the ad hoc group exchanged their existing unsecured bonds for new second lien bonds.
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Bausch Healthcare Spin-Off
An ad hoc group of secured and unsecured creditors of Bausch Health, a multinational healthcare company, in connection with the company’s proposed spin-off of its eyecare business.
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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.
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Recapitalization of Service King
An ad hoc group of unsecured noteholders, led by Clearlake Capital Group, in their recapitalization of Service King, a national automotive collision repair company, resulting in the infusion of $200 million of new capital into the company.
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Prepackaged Chapter 11 Cases of Carlson Travel Inc.
An ad hoc group of noteholders of Carlson Travel Inc. in connection with the prepackaged chapter 11 cases filed by the company and its affiliates in the U.S. Bankruptcy Court for the Southern District of Texas.
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Mallinckrodt's Restructuring
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.
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Grupo Aeromexico's Chapter 11 Proceedings
Co-counsel to Apollo Global Management, as DIP lender in the chapter 11 proceedings and contested confirmation process for Grupo Aeromexico, the flag carrier airline of Mexico.
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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.
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Gulfport Energy's Chapter 11 Cases
An ad hoc committee of unsecured noteholders in the prearranged chapter 11 cases of Gulfport Energy, an independent, natural gas-weighted exploration and production company and one of the largest producers of natural gas in the contiguous United States. Gulfport’s chapter 11 plan facilitated a comprehensive operational restructuring and discharged more than $1.2 billion of debt, resulting in the ad hoc committee receiving substantially all of the equity of the reorganized company.
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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.
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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.
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KKR as Agent and Lender in NPC International's Chapter 11 Cases
KKR, as agent and lender, in NPC International’s bankruptcy cases, which included 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
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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.
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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.
