Debtor Representation

Corporate    Bankruptcy & Corporate Restructuring    Debtor Representation
 

Corporate


Our financial restructuring lawyers have successfully handled multiple complicated debtor assignments in a wide variety of industries.  We provide a broad range of business advisory and crisis management services to assist clients navigating through financial distress.  We work with the client to develop and execute creative legal strategies and solutions to preserve corporate value and have achieved tangible results.

Debt restructuring is a fluid process.  Our initial primary focus is to provide the best governance advice to directors and senior managements with respect to the issues directors and officers will face in a distressed environment and assisting them in charting available options.  A substantial part of this focus also involves bolstering liquidity and avoiding operational crisis by employing alternative financing techniques.  We have successfully guided clients through consensual out-of-court workouts, debt and equity exchanges, contested bankruptcy proceedings or sales of assets as a means of achieving financial stability.  We also have experience in the techniques of prepackaged or prenegotiated bankruptcies when corporate objectives require speed.  In addition, when necessary, we blend litigation strategy into the restructuring process in order to protect the client’s interests in the overall debt restructuring or to move parties off unreasonable positions.

Representing debtors cuts across numerous practice areas.  We regularly draw upon the experience of our securities, finance, M&A, insurance, ERISA and tax lawyers to assist in developing the right strategy for each client.  This comprehensive approach to troubled businesses allows us to address any issue that emerges during the course of a restructuring.

Representative Matters

  • Contech Engineered Solutions: Represented this leading provider of engineering and site solutions in the residential, commercial and infrastructure markets (formerly Contech Construction Products) in its recent recapitalization, including implementation of new equity ownership and long term financing of both first lien and second lien debt.
  • Fiber Composites: Represented this leading manufacturer of wood composite decking and fencing in the restructuring of its secured and junior debt and the combined merger with a strategic partner.
  • Pacific Gas and Electric Company: Represented PG&E Corporation in the restructuring of its regulated utility and as co-proponent of PG&E’s confirmed plan.
  • Trenwick Holdings: Represented this multi-national insurance holding company with operations in the US, Bermuda, and the UK in its Chapter 11 case and related proceedings.
  • Burlington Motors: Represented this 6th largest US transport company in its Chapter 11 case.

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Contacts

bhoch@cov.com
212.841.1029

dcoffino@cov.com
212.841.1043

mbaxter@cov.com
202.662.5164

mhopkins@cov.com
212.841.1064