Led by Richard Mason , Wachtell, Lipton, Rosen & Katz handles a range of areas within bankruptcy and restructuring, including liability management for leveraged businesses, Chapter 11 proceedings, alongside integrating its corporate, real estate, REIT, tax and benefits practices into its restructuring and finance department to provide a full service for clients. Joshua Feltman provides a cross-disciplinary practice, focused on acquisitions of leveraged entities in connection with in-court and out-of-court workouts as well as the financing aspects of leveraged acquisitions. Emil Kleinhaus advises on litigation related to bankruptcy and creditors’ rights, while Michael Benn represents borrowers, creditors and distressed investors in all types of financing transactions. Michael Cassel is a name to watch for his work on litigation and advisory services related to bankruptcy, liability management and disputes under credit agreements and indentures. Unless otherwise stated, all lawyers are based in New York.
Key clients
- Mitel Networks Corporation
- Mallinckrodt plc
- Freeport-McMoRan Inc.
- Ad Hoc Committee of Local Councils of Boy Scouts of America
- Ad Hoc Group comprised of approximately 70% of Altera Infrastructure LP unsecured noteholders
- Travelport
- Certain lenders to U.S. Renal Care, Inc.
- Overstock.com
- Rayonier Advanced Materials
- Certain lenders to Pyxus International (Glendon Capital and Monarch Alternative Capital)
- Ad Hoc Group of lenders to CURO Group Holding Corp.
- Oaktree Capital Management, as lender to GenesisCare
- The Hebrew University of Jerusalem, Ben-Gurion University of the Negev, Weizmann Institute of Science, and Bar Ilan University
- Lumen Technologies, Inc.
- King Street Capital Management and certain other lenders to Team Health Holdings, Inc.
Work highlights
- Represented Mallinckrodt through the successful confirmation of two Chapter 11 reorganization plans over the last two years.
- Advised Mitel Networks Corporation (and its private equity sponsor Searchlight Capital) in connection with Mitel’s out-of-court financial restructuring pursuant to which it consummated (1) a new $156 million priority term loan facility, (2) $755 million of discounted exchange transactions of existing loans into new second-out and third-out term loan facilities and (3) amendments and waivers under the credit agreements governing its remaining $437 million of existing loans.
- Represented Centerbridge Partners and King Street Capital Management as new-money lenders to U.S. Renal Care, Inc., a Bain portfolio company with dialysis centers around the country.
Lawyers
Practice head
The lawyer(s) leading their teams.
Richard Mason