Capabilities
King & Spalding represents a broad range of clients in complex and high profile restructuring matters and in other situations involving financially distressed businesses. We are regularly retained in bankruptcy cases pending throughout the United States, including cases presenting multi-jurisdictional and cross-border issues. Our practice focuses on representing institutional lenders, alternative asset managers and other secured creditors, financially distressed borrowers/debtors, buyers of assets in connection with distressed M&A transactions, and parties in connection with insolvency-related litigation.
Working closely with our Finance, Private Equity, Healthcare, Energy and Capital Markets teams, our representations span a variety of industries, with particular emphasis on the retail, healthcare, energy, restaurant, hospitality, infrastructure, real estate, agriculture, manufacturing, media and telecommunications sectors.
Financially distressed companies must be as efficient as possible when working to restructure or reorganize their businesses. Advance planning, liability management analysis and a coordinated approach among specialists and stakeholders are critical components to any successful reorganization. We have handled financial restructurings on behalf of a variety of stakeholders, so we understand the varied perspectives, motivations and concerns from all sides of a transaction.
Our secured lender clients (including ad hoc groups of lenders) seek out the Financial Restructuring team to maximize their recoveries in connection with out-of-court workouts, formal in-court reorganizations, debtor-in-possession loans, Chapter 11 exit financings, and prepackaged and pre-arranged Chapter 11 plans. Our “one team” approach across practice areas allows us to provide a seamless and comprehensive client representation.
We are regularly retained to represent financially distressed businesses in connection with workouts, restructurings or reorganizations, including portfolio company investments held by private equity firms and hedge funds. By working with other lawyers in the firm’s Corporate, Finance and Investments (CFI) practice area, we are able to offer legal services throughout the lifecycle of a distressed company.
We frequently represent strategic and financial buyers of assets and businesses in Chapter 11 cases. We help our clients identify opportunities and navigate the complexities of these transactions by analyzing the circumstances and helping devise structures and approaches that maximize the likelihood of a successful deal.
We also represent litigants in contested matters, adversary proceedings and other bankruptcy and insolvency litigation involving creditors’ rights, lender liability and alter ego liability.
Our Financial Restructuring team advised KKR Credit Advisors as Borden Dairy consummated the sale of substantially all of its assets in Chapter 11 bankruptcy cases.
Read More
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The Airline Industry and the CARES Act: What Secured Lenders Need to Know
December 30, 2020
Turnarounds & Workouts Names Roger Schwartz to its 2020 Outstanding Restructuring Lawyers List
December 23, 2020
Matthew Warren comments on the expectation from restructuring advisers that bankruptcies will continue to be steady even with a widespread vaccination in sight
December 17, 2020
Matthew Warren quoted in a profile on oil and gas companies facing bankruptcy due to the pandemic