ProfessionalsSamuel E. Lovett
A counsel in the Restructuring Department, Sam focuses his practice on all aspects of corporate restructuring and bankruptcy. From 2012 through 2014, Sam resided in the firm's London office.
Sam has been involved in major U.S. and international restructurings and bankruptcies, including:
- An ad hoc group of first lien lenders in (a) the chapter 11 restructuring of Windstream, a leading provider of advanced network communications and technology solutions for businesses across the United States, with over $5 billion in funded debt obligations, and (b) the recharacterization litigation against, and $1.2 billion settlement with, Uniti, the REIT that owns most of Windstream’s network. The transaction provided for the equitization of a substantial portion of the Windstream’s $3 billion in outstanding first lien indebtedness, as well as access to approximately $2 billion in new capital, and a new long term lease structure between Windstream and Uniti;
- An ad hoc group of holders of prepetition secured notes and DIP notes issued by the holding company that owned Toys “R” Us’s international business in (a) the restructuring of Toys “R” Us and certain of its subsidiaries through concurrent proceedings in the U.S. and multiple foreign jurisdictions and (b) the provision of $455 million of debtor-in-possession financing, the proceeds of which were used to fund the company’s international businesses;
- Caesars Entertainment Corporation in connection with the chapter 11 cases of its subsidiary Caesars Entertainment Operating Company (“CEOC”) and certain of CEOC’s wholly owned subsidiaries;
- An ad hoc group of unsecured noteholders in the prepackaged chapter 11 cases of independent energy company Battalion Oil (fka Halcón Resources Corporation);
- An ad hoc group of senior unsecured creditors of Paragon Offshore, a U.K. offshore drilling company servicing oil and gas companies with operations in Brazil, Mexico, the North Sea, the Middle East and elsewhere, in a restructuring of over $2 billion of secured and unsecured debt obligations;
- Funds managed by affiliates of Apollo Global Management in the out-of-court restructuring and acquisition of Endemol, a television production and distribution company, including the financing required to acquire Endemol and the creation of the joint venture involving Endemol and 21st Century Fox-owned Shine Group;
- Kodak Limited in the chapter 11 cases of Eastman Kodak Company (“Kodak”) and certain of its subsidiaries;
- Bicent Holdings and its subsidiaries and affiliates, owners and operators of a portfolio of electric generation plants and power industry services businesses, in their prearranged chapter 11 cases;
- The senior secured lenders to Australian-based Nine Entertainment, an Australian media company with holdings in radio and television broadcasting, newspaper publications and digital media, in the restructuring of more than AU$2 billion of debt by means of a scheme of arrangement under which the lenders became the principal equity holders of the reorganized company;
- A wide range of matters for several fund clients in the Lehman Brothers chapter 11 case;
- The ad hoc committee of bondholders of Quebecor, a printing company with operations in North America, Europe, Latin America and India, in the company's cross-border U.S. and Canada bankruptcy filings;
- Oaktree Capital Management as lender and plan sponsor in the chapter 11 case of Aleris International, a global producer and seller of aluminum rolled products;
- The ad hoc committee of noteholders of Horizon Lines, a Jones Act-registered shipping company, in the company’s out-of-court restructuring;
- The ad hoc committee of bondholders of GMAC, one of the world’s largest financial services companies, in a $28.5 billion debt-exchange offer, one of the largest exchange offers ever consummated;
- The bondholders of Nortek in the company’s prepackaged chapter 11 reorganization, which cut Nortek’s total debt by roughly $1.3 billion;
- Alpha Media Group, publisher of Maxim Magazine, in its out-of-court restructuring; and
- The joint venture that owns the iconic Fontainebleau Miami Beach Hotel in the successful completion of its out-of-court restructuring of more than $840 million in debt.
Sam served as a senior editor of the Journal of International Law & Business.