Capabilities

Financial Restructuring

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.

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Related Lawyers

Five bankruptcy lawyers are recognized as leading individuals.


CHAMBERS USA 2019

Three of our bankruptcy lawyers are Fellows of the American College of Bankruptcy


THE AMERICAN COLLEGE OF BANKRUPTCY

Manufacturing & Services Restructuring of the Year Award for the AstroTurf sale to APT Acquisition


TURNAROUND ATLAS AWARDS 2017

Named a leading Tier 1 Bankruptcy practice.


Chambers USA 2019

Leading financial restructuring practice and lawyers in the Americas and EMEA regions.


IFLR 1000 2016

A Tier 1 law firm for Bankruptcy Insolvency and Reorganization Law.


US News & World Report 2018

One of the most active bankruptcy law firms based on representations in active cases.


The Deal

Transaction of the Year (Large Company) for Cagles, Inc. Chapter 11 case and sale of its business.


Turnaround Management Association 2013

"They are top-notch. They are responsive, bring substantial resources, and analyze the issues thoroughly and quickly."


Chambers USA 2019

"They do an excellent job, they are very practical and pragmatic."


Chambers USA 2019

Clients praise the "breadth and expertise" the firm offers.


Chambers USA 2019

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Recognition

Five bankruptcy lawyers are recognized as leading individuals.


CHAMBERS USA 2019

Three of our bankruptcy lawyers are Fellows of the American College of Bankruptcy


THE AMERICAN COLLEGE OF BANKRUPTCY

Manufacturing & Services Restructuring of the Year Award for the AstroTurf sale to APT Acquisition


TURNAROUND ATLAS AWARDS 2017

Named a leading Tier 1 Bankruptcy practice.


Chambers USA 2019

Leading financial restructuring practice and lawyers in the Americas and EMEA regions.


IFLR 1000 2016

A Tier 1 law firm for Bankruptcy Insolvency and Reorganization Law.


US News & World Report 2018

One of the most active bankruptcy law firms based on representations in active cases.


The Deal

Transaction of the Year (Large Company) for Cagles, Inc. Chapter 11 case and sale of its business.


Turnaround Management Association 2013

"They are top-notch. They are responsive, bring substantial resources, and analyze the issues thoroughly and quickly."


Chambers USA 2019

"They do an excellent job, they are very practical and pragmatic."


Chambers USA 2019

Clients praise the "breadth and expertise" the firm offers.


Chambers USA 2019