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ProfessionalsSarah Harnett

Sarah Harnett
Counsel

Tel: +1-212-373-3629
Fax: +1-212-492-0629
sharnett@paulweiss.com

Tel: +1-212-373-3629
sharnett@paulweiss.com
New York

1285 Avenue of the Americas
New York, NY 10019-6064
Fax: +1-212-492-0629

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Education 
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Education 
Bar Admissions 

Counsel in the Restructuring Department, Sarah Harnett represents a variety of clients in a wide range of corporate restructurings, both in- and out-of-court. Sarah has significant experience advising companies, creditors and distress investors in restructuring matters across a range of industries.

EXPERIENCE

Representative engagements include:

  • Hornblower Group, a global leader in world-class experiences and transportation, in connection with its prearranged chapter 11 cases
  • Brookfield Asset Management and Simon Property Group, the sponsors of Copper Retail JV LLC, a newly formed joint venture, in connection with the purchase of the operating assets of J.C. Penney under section 363 of the Bankruptcy Code
  • Templar Energy, an independent upstream oil and gas company, in its prepackaged chapter 11 cases in the District of Delaware, pursuant to which the company sold substantially all of its assets under section 363 of the Bankruptcy Code
  • Pioneer Energy Services Corp., a land-based drilling and production services provider operating in the U.S. and Colombia, in its prepackaged chapter 11 cases in the Southern District of Texas. The company’s prepackaged plan provided for a balance sheet reducing Pioneer’s funded debt of $475 million and injecting approximately $120 million of new capital into the company, enabling the company’s emergence from chapter 11 as a going concern and preserving over 1,000 jobs
  • Northwest Fiber, the purchaser, in the sale under section 363 of the Bankruptcy Code of equity interests in certain of telecommunications provider Frontier Communications' subsidiaries that conduct Frontier’s business in Washington, Oregon, Idaho and Montana for an aggregate purchase price of approximately $1.4 billion
  • HPS Investment Partners in all aspects of the chapter 11 cases of LBI Media, an American Spanish-language television network, and its affiliates, including in providing debtor-in-possession financing and exit financing
  • General Motors LLC (“New GM”), the purchaser of substantially all of the assets of General Motors Corp (now known as Motors Liquidation Company) (“Old GM”), in litigation in the bankruptcy court related to a proposed settlement between a trust representing Old GM and plaintiffs asserting personal injury and economic loss claims arising from ignition switch and other alleged defects in vehicles manufactured by Old GM that were recalled in 2014
  • The first lien creditors of Affinion Group (n/k/a cxLoyalty), one of the world's largest loyalty and customer engagement solutions companies, in the company's successful out-of-court recapitalization
  • Expro Holdings, a leading provider of well flow management services to the oil and gas industry, in its prepackaged chapter 11 case
  • Noranda Aluminum, a leading U.S. producer of primary aluminum and aluminum foil products, and its wholly owned subsidiaries in all aspects of their chapter 11 cases, including (a) the sales of Noranda’s upstream and downstream businesses, (b) the rejection of a burdensome supply contract over the objection of a counterparty who was seeking to assume the same contract in its own chapter 11 case, and (c) a global settlement with various creditor groups
  • The steering committee of senior secured noteholders of GMX Resources in the company’s chapter 11 case
  • An ad hoc group of certain first lien debtholders of Arch Coal in the company’s restructuring through a prearranged chapter 11 case and related postpetition DIP financing
  • An informal committee of certain holders of secured and unsecured notes of Chassix and Chassix Holdings (now known as Aludyne), a metal parts supplier in the automotive industry, as well as certain lenders under Chassix’s postpetition and exit term loan credit facility, in Chassix’s restructuring through a prearranged chapter 11 case
  • Senior secured lenders to SquareTwo Financial, a purchaser and manager of charged-off consumer and commercial accounts receivable, in the company’s prepackaged chapter 11 case

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