About
For over 30 years, Mark has had a successful and market leading creditor focused restructuring practice representing global financial institutions, credit investors and private equity firms in complex debt restructurings and insolvency proceedings across a broad range of matters and industries, including software, TMT, healthcare, energy, mining and financial services. A significant portion of his practice over the last decade has been devoted to structuring, implementing and, where necessary, opposing liability management transactions of behalf of creditor clients. He also has extensive experience in negotiating ed and structuring debt-for-equity conversions on behalf of debt investor clients on an in-court and out-of- court basis as well as conducting public and private foreclosures on behalf of secured creditors.
Mark is ranked as a leading attorney across numerous directories including Chambers USA, The Legal 500 USA and Best Lawyers and was recently named to the Law Dragon Hall of Fame.
- An Ad Hoc Group of lenders holding $1 billion of revolving credit loans in a restructuring of $9 billion in debt issued by a global petrochemical company with operations in Brazil, North America and Europe.
- An Ad Hoc Group of revolving lenders in a restructuring of $3 billion of bilateral and revolving debt in Altice France.
- An Ad Hoc Group of revolving and term loan lenders in a restructuring of $1 billion of debt in the Lumen Tech liability management exercise which addressed $20 billion in debt obligations.
- A major international bank, as administrative agent, in two successive restructurings and a liability management exercise which addressed $975 million of debt issued by City Brewing.
- Barclays, as administrative agent, in a restructuring and uptier loan facility for a $600 million revolving credit and term loan facility extended to a national home relocation company.
- Scania CV AB (European truck manufacturer) in the Northvolt Chapter 11 proceeding as DIP Lender and largest customer.
- Barclays, as administrative agent, in a restructuring of a $1 billion first lien revolving credit and term loan facility and a $330 million second lien term loan facility involving a global drug company.
- An ad hoc group of term lenders in GenesisCare’s chapter 11 proceeding.
- UBS, as administrative agent, under a debt restructuring of a $700 million credit facility involving one of the country’s largest operator of rehabilitation facilities.
- RBC, as administrative agent, under a liability management transaction implemented in respect of a $1 billion credit facility extended to a US software company.
- A major international bank, as administrative agent, for over $750 million in revolving and term loans extended to Cano Health in a chapter 11 restructuring.
- A major international bank, as administrative agent for over $2.3 billion in revolving and term loans extended to Acosta Holdings in a chapter 11 restructuring.
- A major international bank, as agent, and a lender steering committee of Babcock & Wilcox, a global power and renewable energy company in a series of restructurings transactions of a $650 million revolving credit facility.
- A major international bank, as administrative agent, for $600 million in revolving loans, letters of credit and term loans extended to Carestream Health Holdings, Inc. in a chapter 11 restructuring.
- A major international bank as administrative agent, letter of credit issuer and lender under a $930 million revolving and term credit agreement extended to Peabody Energy Corporation involving one of the earlier generations of liability management transactions.
- Ad hoc group of term loan lenders under a $1.8bn credit facility extended to Cumulus Media in connection with opposing an exchange offer for the benefit of the senior noteholders and a potential restructuring of the term facility. The case was recognized by Turnaround & Workouts as a 2017 Top Restructuring.
- Ad Hoc group of term lenders and term agent in Paragon Offshore's Chapter 11 proceeding involving total term, revolver and noteholder claims of approximately $2.4bn; successfully opposed Paragon’s proposed Plan of Reorganization.
- Ad Hoc group of term lenders in opposing Arch Coal’s proposed exchange offer and the subsequent restructuring of a $1.9bn credit facility in a Chapter 11 proceeding and subsequent debt for equity exchange.
- Barclays and a steering committee of lenders in the restructuring and ultimate payment in full of a $555m credit facility extended to Preferred Proppants. The case was recognized by Turnaround & Workouts as a 2014 Top Restructuring.
Mark F. Liscio
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175 Greenwich Street, 51st Floor