Experience incluces advising:

Li-Cycle Holdings Corp. and its U.S. subsidiaries in Chapter 15 proceedings in the U.S. Bankruptcy Court for the Southern District of New York; advised the foreign representative in seeking recognition of Canadian CCAA proceedings and related cross-border restructuring strategy.

JTI-Macdonald Corp., a leading Canadian tobacco manufacturer and subsidiary of Japan Tobacco Inc., in its cross-border restructuring and Chapter 15 proceedings in the U.S. Bankruptcy Court for the Southern District of New York. Advised the foreign representative in obtaining U.S. recognition and enforcement of a Canadian CCAA plan and global settlement resolving multi-billion dollar tobacco litigation, including releases for JTI and related parties.

Scania CV AB, as debtor-in-possession (DIP) lender and largest customer, in connection with the Northvolt Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas, including the provision of $100 million in DIP financing to support Northvolt’s restructuring and continued operations.

Rite Aid Corporation and 119 affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court in the District of New Jersey, involving $3.45bn in DIP financing and a $2bn deleveraging recapitalization; resolved over $2.5bn in litigation and secured $2.975bn in exit financing.

Prima® Wawona, the largest U.S. stone fruit producer, in Chapter 11 proceedings in Delaware; advised on a $1bn debt restructuring and equitization transaction dividing assets between PropCo and OpCo lenders.

Bed Bath & Beyond, Inc. and 73 affiliates in Chapter 11 cases in the U.S. Bankruptcy Court for the District of New Jersey; advised on prepetition capital raising and credit agreement amendments, and supported an orderly wind-down and sale process.

BlockFi Inc. and subsidiaries in Chapter 11 cases in the U.S. bankruptcy court for the District of New Jersey; advised on restructuring strategy following cryptocurrency industry disruption to consummate a comprehensive restructuring transaction that maximizes value for its clients and stakeholders. 

Cineworld Group plc, in Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas; advised on restructuring of $5.1bn in funded debt and $2bn DIP financing.

Aearo Technologies LLC and affiliates in Chapter 11 cases in the U.S. Bankruptcy Court in the Southern District of Indiana; advised on restructuring of a market leader in energy control solutions. 

Nordic Aviation Capital, the world’s largest regional aircraft lessor, in prearranged Chapter 11 cases in the U.S. Bankruptcy Court for the Eastern District of Virginia. With over $7.7 $7.7bn in liabilities, NAC was the largest chapter 11 filing in 2021.

J.C. Penney Company, Inc. and 17 affiliates in prearranged Chapter 11 cases; advised on a balance sheet deleveraging supported by a broad RSA and stakeholder consensus.