A counsel in the Restructuring Department, Doug Keeton represents debtors, creditors, distressed investors and sponsors in a wide range of chapter 11 cases, out-of-court restructurings, liability management transactions, refinancings, and other restructuring and financing transactions.

Doug’s experience includes:

Certain affiliates of Brookfield Asset Management in their capacities as agent and lenders under a $600 million first lien back-leverage loan facility to PosiGen, including in connection with PosiGen's chapter 11 cases
Brookfield Asset Management, in connection with the chapter 11 cases of Pine Gate Renewables, a developer and owner-operator of renewable energy projects, including with respect to bridge and debtor-in-possession financing facilities totaling $400 million and in its acquisition of project assets via a 363 bankruptcy sale process
An ad hoc group of first lien lenders of Sandvine, a Canadian-based broadband network equipment maker, in connection with the company’s recapitalization
An ad hoc committee of noteholders in the prepackaged chapter 11 cases of Cutera, Inc., a leading provider of aesthetic and dermatology solutions
An ad hoc committee of holders of unsecured convertible notes issued by SmileDirectClub (“SDC”), which filed for chapter 11 in the Southern District of Texas
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 the company’s successful chapter 11 plan of reorganization
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
Mitel Networks Corporation, a global leader in business communications, in its successful chapter 11 process which trimmed the company’s debt by $1.15 billion, reduced its annual interest payments by about $135 million and provided approximately $125 million of new funding to support its future operations
Brookfield in a restructuring of its portfolio company, Altera Infrastructure, a leading international midstream services provider to the oil and gas industry, through prearranged chapter 11 cases in the Southern District of Texas. Brookfield provided a $70 million DIP loan and participated in an approximately $95 million equity rights offering. The company’s plan provided for the restructuring of over $1 billion in liabilities
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
An ad hoc group of DIP lenders and unsecured noteholders in the chapter 11 restructuring of Western Global Airlines, an independent provider of commercial, long-haul air cargo transportation services
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
An ad hoc group of convertible noteholders in connection with an out-of-court recapitalization and restructuring of Maxeon Solar Technologies, one of the world's leading global manufacturers and marketers of premium solar power technology
Revlon, a leading global beauty company, and certain of its subsidiaries in their chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of New York
Co-counsel to Apollo Global Management, as DIP lender in the chapter 11 proceedings and contested confirmation process for Grupo Aeroméxico, the flag carrier airline of Mexico
A direct lender, as purchaser of $50 million in convertible holding company notes issued by a leading travel services provider
A direct lender in providing a $100 million secured term loan facility to a property development company and a subsequent foreclosure and related asset sale
A direct lender in providing a $170 million unsecured holding company term loan, a $30 million structured term loan and an associated equity investment in a leading wellness infrastructure company
Apollo Global Management on behalf of certain funds and accounts it manages in a $6.5 billion joint bid alongside Knighthead Capital Management and Certares Opportunities, as sponsor to Hertz Global Holdings, Inc.’s chapter 11 plan of reorganization and to fund the company’s exit from bankruptcy
Blackstone Group in a restructuring of its portfolio company, Frontera Generation, the operator of a 526 megawatt power plant on the U.S.-Mexican border, through prearranged chapter 11 cases in the Southern District of Texas. The company’s plan calls for the restructuring of over $1 billion in liabilities
Bain Capital as a new money DIP lender and backstop party for an equity rights offering in the chapter 11 cases of Bristow Group Inc., a leading global industrial aviation services provider
The Carlyle Group, as a plan sponsor and post-bankruptcy new money investor in the prepackaged chapter 11 cases of Guitar Center, the world’s leading musical instrument retailer. The plan provided for Carlyle to invest up to $65 million in the company in exchange for one-third of the post-reorganization common equity
An ad hoc group of unsecured noteholders in the prearranged chapter 11 restructuring of Extraction Oil & Gas, one of the largest oil and gas exploration and production companies in the Rocky Mountain region, with approximately $1.7 billion of funded debt obligations
An ad hoc group of holders of securities issued by Exide Technologies, a manufacturer of automotive and industrial batteries, in a credit bid asset sale of the company’s international operations in more than 80 countries as part of the company’s chapter 11 liquidation. The chapter 11 plan de-levered over $700 million of secured debt through the sale of the company’s U.S. and international businesses and resolved complex and contentious disputes with the company’s unsecured creditors, the DOJ, EPA and numerous state and local environmental agencies through a global settlement
The IMAGINE Group, a leading provider of visual print communications and experiential marketing solutions, in its recapitalization transaction, which involved a $550 million deleveraging and a $100 million new money investment
An ad hoc group of FILO term loan lenders in the prearranged chapter 11 cases of GNC Holdings, a leading global specialty retailer of health and wellness products
Jack Cooper Ventures, a leading provider of finished vehicle logistics in North America for new and used vehicles and diversified logistical services in select non-automotive markets, and 18 of its subsidiaries and affiliates, in their chapter 11 cases in the Northern District of Georgia
An ad hoc group of unsecured noteholders in the chapter 11 cases of Dean Foods, the largest processor and direct-to-store distributor of fresh fluid milk and other dairy products in the U.S., involving approximately $1.1 billion in secured and unsecured debt
Apollo Global Management as a secured noteholder and plan sponsor in the chapter 11 cases of Houston-based oil and gas exploration and production company EP Energy
Certain funds managed by Neuberger Berman in connection with out-of-court restructurings of Drive Medical, a provider of durable medical equipment, including initially in connection with an exchange of the existing second lien debt and subsequently in connection with an exchange of the 1.5 lien debt
David’s Bridal, the nation’s leading bridal and special occasion retailer, in an out-of-court recapitalization transaction which provided for $55 million of new capital from existing lenders and the exchange of more than $275 million in existing term loan debt into new preferred and common equity securities