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ProfessionalsJeffrey D. Saferstein

Jeffrey D. Saferstein

Tel: +1-212-373-3347
Fax: +1-212-492-0347

New York

1285 Avenue of the Americas
New York, NY 10019-6064
Fax: +1-212-492-0347

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Bar Admissions 

A partner in Paul, Weiss’s Restructuring Department, Jeff Saferstein practices exclusively in the areas of corporate restructurings and workouts, bankruptcy and specialized financings. Jeff has advised creditors, postpetition lenders and equity holders in a number of high-profile matters, including in the restructurings of EP Energy, PetSmart, LBI Media, Caesars, Westinghouse Electric, Mood Media and Charming Charlie. He also has broad experience advising companies in in- and out-of-court restructurings across a wide variety of industries, including Hexion Inc., Verso Corporation, Houghton Mifflin Harcourt Publishing Company, School Specialty, Buffets Restaurants Holdings, Pinnacle Agriculture Holdings and Samsonite Corporation.

Awards and Recognitions

Jeff has been named in Chambers USA, The Legal 500, The Best Lawyers in America, IFLR1000 and Lawdragon as a leading practitioner in the bankruptcy field. Clients hail Jeff as the “quintessential deal lawyer,” noting his “extraordinary commerciality” and “levelheaded, smart and practical” approach to cases. He has written and lectured on numerous bankruptcy topics, including chapters in Settlement Agreements in Commercial Disputes (“Bankruptcy Law and Risk Considerations”) and The Law and Practice of Restructuring in the UK and US (“Venue and Forum Selection in the US and UK”). He has also co-written numerous articles, including “Get Your Priorities Straight” (International Financial Law Review), “When Second Lien Lenders Break Their Silence” (New York Law Journal) and “Equitable Subordination: Good-Faith Transferees Beware” (American Bankruptcy Institute Journal). Jeff has also spoken on panels and participated in conferences sponsored by a variety of organizations including the Association of Insolvency & Restructuring Advisors, Bloomberg, the Wharton School and the New York City Bar Association.


  • Apollo Global Management in restructuring its investment in Jupiter Resources, a Canadian natural gas exploration and production company, pursuant to a plan of arrangement under the Canada Business Corporations Act;
  • 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 Corporation;
  • An ad hoc committee of cross-holders holding approximately 45% of PetSmart’s secured and unsecured debt in connection with challenging certain spin transactions;
  • HPS Investment Partners, LLC in connection with all aspects of the chapter 11 cases of LBI Media, Inc. and its affiliates, including in connection with providing debtor-in-possession financing and exit financing;
  • Caesars Entertainment Corporation (“CEC”) in the chapter 11 cases of its subsidiary, Caesars Entertainment Operating Company, Inc. (“CEOC”), and certain of CEOC’s wholly owned subsidiaries involving approximately $18 billion of secured and unsecured debt. We also represent CEC in certain litigation and corporate matters relating to CEOC;
  • Apollo Global Management in the restructuring of Claire's, one of the world's leading specialty retailers of fashionable jewelry and accessories for girls, teens, and young women, and certain of its affiliates, including in its chapter 11 cases;
  • Apollo Capital Management, on behalf of certain funds and accounts it manages, in providing postpetition financing to Westinghouse Electric Company and certain of its subsidiaries and affiliates;
  • U.S. counsel to certain noteholders holding a majority of notes issued by Mood Media, a leading global provider of in-store media and marketing services with $650 million in funded debt obligations, in a comprehensive debt and equity restructuring through proceedings in Canada and the United States;
  • An ad hoc group of prepetition term loan and postpetition lenders of Charming Charlie Holdings Inc., a leading specialty retailer focused on colorful fashion jewelry, handbags, apparel, gifts, and beauty products, in connection with the company’s prearranged chapter 11 cases; and
  • Time Warner Cable in connection with its $17.6 billion acquisition, together with Comcast Corporation, of chapter 11 debtor Adelphia Communications Corporation. We also assisted with related transactions redeeming Comcast’s 21% stake in Time Warner Cable and swapping cable systems serving more than two million customers.



  • Hexion, the world’s leading producer of thermosetting resins, and a leading producer of adhesive and structural resins and coatings, as special financing and securities counsel in the company’s chapter 11 cases;
  • Verso Corporation and its affiliates, a large North American producer of printing and specialty papers and pulps, as special counsel in connection with financing matters in their chapter 11 cases;
  • School Specialty, one of the largest suppliers of supplemental educational products, equipment and standard based curriculum, in all aspects of its chapter 11 case;
  • Houghton Mifflin Harcourt, a leading textbook publisher, in the negotiation, filing and consummation of a prepackaged chapter 11 reorganization plan that eliminated approximately $3.1 billion in debt and $250 million in annual interest costs. The company emerged from chapter 11 in a mere 32 days;
  • Buffets Restaurant Holdings, and its subsidiaries and affiliates, one of the largest national chains in the restaurant industry family dining segment, in negotiating and consummating their prearranged chapter 11 cases that resulted in the restructuring of $250 million of secured and unsecured debt;
  • AbitibiBowater (now Resolute Forest Products), North America's largest forest products company, and its subsidiaries and affiliates, as lead U.S. counsel in their complex cross-border cases in the U.S. and Canada involving the restructuring of more than $8 billion of prepetition indebtedness and raising $1.5 billion in exit financing;
  • Samsonite Company Stores in its successful prepackaged chapter 11 case, which was confirmed by the Delaware bankruptcy court in approximately two months;
  • Loehmann’s in connection with its chapter 11 case; and
  • The Penn Traffic Company in connection with its chapter 11 case.


  • Pinnacle Agriculture Holdings, an agricultural retail and wholesale distribution business, in its out-of-court recapitalization and exchange offer transactions;
  • Samsonite Corporation, manufacturer of luggage and travel bags, in its worldwide out-of-court restructuring;
  • Alpha Media Group, publisher of Maxim Magazine, in connection with its out-of-court restructuring;
  • Thomas Nelson, Inc., the world’s largest publisher of Christian content, in its out-of-court restructuring; and
  • Atkins Nutritionals, Inc., manufacturer and distributor of weight management nutrition products in the U.S. and internationally, in its out-of-court.

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