ProfessionalsLiz Osborne

Tel: +44-20-7601-8729
Fax: +44-20-7681-2229
losborne@paulweiss.com
Liz is head of the European Restructuring Department. She is a leading practitioner who has advised on some of the most high-value and complex cross-border restructurings in the market. Liz represents a broad range of clients including par and secondary investors, distressed corporates and sponsor portfolio companies.
Liz also advises on special situations investments, providing structuring solutions to help creditors maximize access to value within the borrower group and minimize their down-side risk.
AWARDS & RECOGNITIONS
Liz is recognized as a market-leading lawyer in all of the major legal directories, including in Chambers UK, where she is praised by her clients for being “incredibly capable” and “an efficient and effective practitioner,” with one client noting that “she cuts through matters and has a fierce loyalty and protection to her clients; for her, no problem is insurmountable.” The Legal 500 UK recognizes Liz as a "Leading Partner" for Corporate Restructuring & Insolvency and has described her as “a world-class practitioner who is highly driven and displays excellent commercial judgement.” IFLR1000 UK has named her a "Notable Practitioner" in Financial Restructuring and Restructuring & Insolvency, and continues to recognize her as one of its UK “Women Leaders” (2024). Diversity Journal has called Liz one of its “Women Worth Watching in Leadership” (2021). She has also been recognized for several years as “Best in Insolvency & Restructuring” at the Euromoney Europe Women in Business Law Awards as well as the Euromoney Expert Guide: World’s Leading Women in Business Law, Restructuring and Insolvency (2019 to 2022).
Liz’s representations have also been recognized by industry publications. Turnarounds & Workouts named Liz’s work in the restructuring of Northvolt in their “Successful Restructurings of 2024” and “Largest Chapter 11 Cases of 2024” lists.
EXPERIENCE
Liz’s recent representative experience includes:
- HPS Investment Partners in a recapitalization transaction with Vialto, a New York-based provider of global mobility, tax, and immigration solutions. The recapitalization transaction reduced the company’s outstanding debt by approximately $550 million, delivered a $225 million new money equity capital investment and provided the company with certain amendments to its existing debt obligations
- An ad hoc group of lenders to OQ Chemicals, one of the world’s largest manufacturers of oxo-chemicals
- Fortenova Group, a food producer and retailer in Croatia and the surrounding region, on issues arising from the existence of sanctioned Russian debt and equity holders in its capital structure
- Advising a secondary investor on loans made to Altice France
- An ad hoc group of unaffiliated lenders on a potential restructuring or recapitalization of GenesisCare, a global healthcare provider specializing in cancer treatment
- An ad hoc group of convertible noteholders in the $750 million restructuring of Ozon Holdings PLC, Russia’s largest ecommerce platform
- A global alternative investment manager in connection with a special situations loan to a ship building and metal processing company
- HPS Investment Partners in its special situations financing of Havila Kystruten, a Norwegian shipping company
- Sungard Availability Services LP and its affiliated North American entities on the English law aspects of a potential restructuring transaction
- The junior lenders to Avanti, a UK-listed satellite operator, in connection with its restructuring consummated via a prepackaged administration sale
- An ad hoc committee of lenders on the restructuring of a $1.3 million senior secured facility borrowed by Prosafe, the largest and most versatile fleet of semi-submersible accommodation vessels in operation worldwide
- The ad hoc committee of bondholders on the restructuring of $230 million in convertible bonds issued by Hurricane Energy, a UK-based oil exploration and production company focused on naturally fractured basement reservoirs
- The ad hoc committee of bondholderss of Travelex, a foreign exchange company, in connection with the successful restructuring of the Travelex business through multiple pre-pack administration sales and injection of new money
- Fairhold Securitisation Limited in connection with the £1 billion restructuring of its distressed securitization structure