Experience

• • David’s Bridal in its successful prepackaged Chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Delaware, under which David’s Bridal cut its debt by more than $400 million while preserving its business intact and ensuring that 80,000 pending customer orders and all trade claims would be satisfied without interruption.
  • La Paloma Generating Company, a California-based power producer, in its $524 million Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware, a plan for which was successfully confirmed following a disputed confirmation hearing.
  • Georgia-Pacific and Koch Industries in the Chapter 11 proceedings of Georgia-Pacific affiliate Bestwall in the U.S. Bankruptcy Court for the Western District of North Carolina.
  • Kelso & Company, the private equity sponsor of Logan’s Roadhouse, in Logan’s prearranged Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. Debevoise also represented Kelso and Logan’s in a privately negotiated exchange offer to holders of Logan’s senior secured notes resulting in the issuance of over $220 million in new senior secured notes.
  • Getty Images in capital-raising initiatives to complement its existing debt structure and in exploring related balance sheet alternatives with respect to its approximately $2.3 billion in funded debt.
  • Standard General in its highly publicized distressed investment in clothing manufacturer and distributor American Apparel. Debevoise also represented Standard General in American Apparel’s prearranged Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware, and in its second Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware and its insolvency proceedings in the United Kingdom.
  • Altegrity, a global, diversified risk and information services company, together with its operating businesses Kroll, HireRight and USIS, in their pre-negotiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware, in which they successfully restructured more than $1.8 billion in funded indebtedness and consensually resolved significant contested claims that had been asserted by the U.S. government. This restructuring was honored by Turnarounds & Workouts as one of ten Successful Restructurings – 2015.
  • American Seafoods, one of the largest seafood companies in North America and one of the largest harvesters of fish in the world, in the successful out-of-court refinancing and restructuring of nearly $1 billion in aggregate funded debt.
  • Berkshire Hathaway, as secondary insurer under special revenue water and sewer bond obligations of the City of Detroit totaling $800 million, in Detroit's Chapter 9 bankruptcy case in the U.S. Bankruptcy Court for the Eastern District of Michigan.
  • Chemtura Corporation, one of the largest publicly traded specialty chemical companies in the United States with more than 4,400 employees worldwide and 2010 revenue of $2.8 billion, in its heavily-contested Chapter 11 reorganization in the Southern District of New York.
  • W.R. Grace & Co. and its affiliates in their Chapter 11 cases, in which section 524(g) of the Bankruptcy Code was used to address significant asbestos-related liabilities.
  • Flying J and its affiliates, a fully integrated oil company with operations in the field of exploration, production, refining, transportation, wholesaling and retailing of petroleum products, in their Chapter 11 filing.
  • TOUSA, a publicly traded homebuilder with substantial operations in Florida, the Mid-Atlantic, Texas and the West, and approximately 40 debtor and non-debtor affiliates in their Chapter 11 cases that restructured more than $2 billion in debt obligations, including obligations related to bank debt, senior and subordinated public bond debt, and complex land bank option and development contracts.
  • Solutia and its affiliates in their Chapter 11 cases that restructured more than $3 billion of funded debt and other obligations, involving complex environmental, pension, litigation and indemnification issues.
  • Medicalogic/Medscape and its affiliates in the confirmation of their Chapter 11 liquidating plan.
  • FLAG Telecom Holdings Limited, a London-based worldwide telecommunications provider, in its U.S. and Bermuda insolvency proceedings, which restructured more than $3 billion of debt over a six-month period.
  • Graham-Field Health Products and its affiliates, suppliers of medical and home health care products, in their Chapter 11 cases and asset dispositions.
  • FINOVA and its affiliates in their Chapter 11 restructuring of approximately $11 billion in debt and the sale of a $519 million bridge and fixed-rate commercial mortgage loan portfolio.
  • Primary Health Systems and its affiliates, an integrated health care services company, in asset dispositions and their Chapter 11 cases.
  • Ally Financial and Ally Bank in the Chapter 11 bankruptcy cases filed by Residential Capital, and its subsidiaries.
  • Directors of PlusFunds Group, hedge fund manager for the S&P hedge fund index, in PlusFunds’ Chapter 11 case.
  • BCBG Max Azria in its successful bid to acquire all of the assets of G+G Retail, including over 450 real estate leases.
  • Insurance Management Group in its Chapter 11 plan acquisition of Frontier Insurance Group, Inc. and its subsidiaries.
  • Alliance Gaming Corporation in its successful acquisition of substantially all of the assets of Greate Bay Casino Corporation.