People

Roger G. Schwartz is a finance partner in the New York office of King & Spalding.  He represents public and private companies, agents, lenders, strategic and financial buyers, and investors in a broad range of restructuring matters, including Chapter 11 cases, out-of-court restructurings, and bankruptcy-related acquisitions, sales and financings. He also advises equity sponsors, portfolio companies and directors in connection with liability management transactions and corporate governance issues in distressed and out-of-court situations and transactions.

Additionally, Mr. Schwartz has an active practice representing major financial institutions and other clients in bankruptcy and commercial litigation matters.

Prior to private practice, Mr. Schwartz was a senior counsel of workouts at General Electric Capital Corporation (GE Capital), where he provided legal oversight for a multibillion-dollar portfolio of GE Capital lending commitments.  While at GE Capital, Schwartz also acted as a director of litigation where he directed legal strategy and case management for a diverse set of commercial litigation, compliance and regulatory matters.

Mr. Schwartz is a frequent lecturer, speaker and author on restructuring, bankruptcy and insolvency topics and he has served as Co-Chair, Advisory Board member, moderator and panelist for numerous American Bankruptcy Institute conferences.

Full Bio

Credentials

J.D., University of Chicago Law School

B.A., Hobart William Smith Colleges, magna cum laude, with honors, Phi Beta Kappa

New Jersey

New York

U.S. Court of Appeals for the Third Circuit

U.S. District Court for the Southern District of New York

Judicial Clerk, Judge Richard L. Nygaard, U.S. Court of Appeals for the Third Circuit

News

In the News · Source: The American Lawyer, Law360, Bloomberg Big Law Business, Global Restructuring Review, The Deal and Chicago Law Bulletin

June 3, 2019
Restructuring partners Roger Schwartz and Matthew Warren join the firm in New York and Chicago, respectively

View all

Matters

Monitronics International in connection with structuring, negotiation and execution of multiple liability management and restructuring transactions involving approximately $1.8 billion of indebtedness

Carlyle, HCR Manorcare, Inc. and its non-debtor affiliates related to restructuring efforts, preparation and execution of HCR Manorcare’s chapter 11 case and ultimate merger transaction with ProMedica, resulting in consensual resolution of approximately $7.1 billion of debt, liability and financing obligations owed by HCR Manorcare

Equity sponsor and leading retail product branding and channeling company related to assessment of potential liability management transactions and analysis of capital structure and documentation flexibility involving approximately $2.8 billion of indebtedness

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Matters

Monitronics International in connection with structuring, negotiation and execution of multiple liability management and restructuring transactions involving approximately $1.8 billion of indebtedness

Carlyle, HCR Manorcare, Inc. and its non-debtor affiliates related to restructuring efforts, preparation and execution of HCR Manorcare’s chapter 11 case and ultimate merger transaction with ProMedica, resulting in consensual resolution of approximately $7.1 billion of debt, liability and financing obligations owed by HCR Manorcare

Equity sponsor and leading retail product branding and channeling company related to assessment of potential liability management transactions and analysis of capital structure and documentation flexibility involving approximately $2.8 billion of indebtedness

For-profit retailer concerning potential restructuring alternatives and contingency planning involving approximately $1.1 billion of indebtedness

Equity sponsor and marine transportation and manufacturing company in connection with structuring and negotiation of potential liability management transactions and assessment of alternatives involving approximately $1.2 billion of indebtedness

Major financial institution related to the workout and litigation management of loans to multiple real estate SPEs with aggregate exposure of approximately $125 million

Merlin Media in connection with the Cumulus Media chapter 11 cases and related litigation concerning rejection of put/call and marketing agreements Agreement and resulting characterization and treatment of claims

Platinum Equity related to its 363 acquisition of the Hunterstown power generation facility and assets through the GenOn chapter 11 cases

Hedge fund in connection with alternative DIP and Plan proposals and related negotiations in connection with the Woodbridge Companies’ chapter 11 cases

Riverstone Investment Group related to $225 million exit/emergence financing for New Permian LLC, in connection with consummation of the Breitburn Energy Partners LP chapter 11 plan of reorganization

GECC in connection with defense of adversary proceeding commenced by Trustee for the Petters Company chapter 11 cases seeking “clawback”/fraudulent transfer recovery of approximately $300 million in principal, interest and fees from GECC related to the $3 billion Petters Ponzi scheme

GECC related to four separate “copy-cat” suits filed in state and federal courts by former lenders or bankruptcy trustees on behalf of estates that lost significant sums in the Petters Ponzi scheme seeking damages aggregating more than $3 billion directly against GECC on tort-based aiding and abetting and civil conspiracy theories

Antares Capital as administrative agent in connection with going concern UCC private foreclosure sale of leading inventory tracking and logistics company resulting in full satisfaction of approximately $222 million of senior secured first lien debt

Arbitration award holder as party to a purchase and sale agreement conveying right, title and interest in substantial international arbitration award against a sovereign entity

Capital One as administrative agent related to the workout, litigation management and successful refinancing exit of a $150 million credit facility with borrower facing multiple investigatory and legal challenges

Greater China Intermodal as vessel manufacturer, owner and creditor in the Hanjin Shipping Korean insolvency proceedings and related US chapter 15 proceedings

Antares Capital as administrative agent in connection with out-of-court debt-for-equity lender acquisition of a leading outdoor sports recreation equipment manufacturer and related litigation with the company’s equity sponsor to enforce payment under a sponsor guarantee agreement

Coliseum Capital in connection with a preferred equity investment in Universal Technical Institute, a leading for-profit education provider/operator

Antares Capital as administrative agent in out-of-court restructuring and subsequent refinancing exit of approximately $152 million senior secured first lien credit facility to audio-visual technology and services company

KKR in connection with restructuring and workout strategy related to its role as project finance lender to a distressed ethanol production facility

GECC as pre- and post-petition administrative agent related to the DIP financing and 363 lender credit bid acquisition of SP Newsprint Holdings and affiliates through their chapter 11 cases in satisfaction of approximately $265 million of prepetition senior secured first lien debt

Carlyle and Carlyle-affiliated Board members in connection with preparation and execution of the prepackaged chapter 11 cases for its portfolio company, Oriental Trading Company, and related subsidiaries and affiliates

GECC as pre- and post-petition and exit financing administrative agent in connection with the DIP financing and 363 lender credit bid acquisition of Medical Staffing Network through its chapter 11 case in satisfaction of approximately $100 million of senior secured first lien debt

Platinum Equity as successful stalking horse 363 bidder for majority of assets in the Genmar Holdings chapter 11 cases

GECC as lender, JV partner and creditor in the Capmark Financial Group chapter 11 cases

UBS as pre- and post-petition and exit financing administrative agent in connection with the prepacked chapter 11 cases of Electrical Components International, resulting in the consensual restructuring and resolution of approximately $250 million of senior secured first lien debt and $60 million of secured second lien debt

Unsecured Creditors Committee of Advanta Corporation in the Advanta chapter 11 cases involving unsecured claims in excess of $360 million

FTI in its capacity as the Liquidating Trustee for the Advanta Liquidating Trusts created pursuant to the Advanta chapter 11 liquidating plan

News

In the News · Source: The American Lawyer, Law360, Bloomberg Big Law Business, Global Restructuring Review, The Deal and Chicago Law Bulletin

June 3, 2019
Restructuring partners Roger Schwartz and Matthew Warren join the firm in New York and Chicago, respectively

View all

Matters

Monitronics International in connection with structuring, negotiation and execution of multiple liability management and restructuring transactions involving approximately $1.8 billion of indebtedness

Carlyle, HCR Manorcare, Inc. and its non-debtor affiliates related to restructuring efforts, preparation and execution of HCR Manorcare’s chapter 11 case and ultimate merger transaction with ProMedica, resulting in consensual resolution of approximately $7.1 billion of debt, liability and financing obligations owed by HCR Manorcare

Equity sponsor and leading retail product branding and channeling company related to assessment of potential liability management transactions and analysis of capital structure and documentation flexibility involving approximately $2.8 billion of indebtedness

See more
Icon close

Close

Matters

Monitronics International in connection with structuring, negotiation and execution of multiple liability management and restructuring transactions involving approximately $1.8 billion of indebtedness

Carlyle, HCR Manorcare, Inc. and its non-debtor affiliates related to restructuring efforts, preparation and execution of HCR Manorcare’s chapter 11 case and ultimate merger transaction with ProMedica, resulting in consensual resolution of approximately $7.1 billion of debt, liability and financing obligations owed by HCR Manorcare

Equity sponsor and leading retail product branding and channeling company related to assessment of potential liability management transactions and analysis of capital structure and documentation flexibility involving approximately $2.8 billion of indebtedness

For-profit retailer concerning potential restructuring alternatives and contingency planning involving approximately $1.1 billion of indebtedness

Equity sponsor and marine transportation and manufacturing company in connection with structuring and negotiation of potential liability management transactions and assessment of alternatives involving approximately $1.2 billion of indebtedness

Major financial institution related to the workout and litigation management of loans to multiple real estate SPEs with aggregate exposure of approximately $125 million

Merlin Media in connection with the Cumulus Media chapter 11 cases and related litigation concerning rejection of put/call and marketing agreements Agreement and resulting characterization and treatment of claims

Platinum Equity related to its 363 acquisition of the Hunterstown power generation facility and assets through the GenOn chapter 11 cases

Hedge fund in connection with alternative DIP and Plan proposals and related negotiations in connection with the Woodbridge Companies’ chapter 11 cases

Riverstone Investment Group related to $225 million exit/emergence financing for New Permian LLC, in connection with consummation of the Breitburn Energy Partners LP chapter 11 plan of reorganization

GECC in connection with defense of adversary proceeding commenced by Trustee for the Petters Company chapter 11 cases seeking “clawback”/fraudulent transfer recovery of approximately $300 million in principal, interest and fees from GECC related to the $3 billion Petters Ponzi scheme

GECC related to four separate “copy-cat” suits filed in state and federal courts by former lenders or bankruptcy trustees on behalf of estates that lost significant sums in the Petters Ponzi scheme seeking damages aggregating more than $3 billion directly against GECC on tort-based aiding and abetting and civil conspiracy theories

Antares Capital as administrative agent in connection with going concern UCC private foreclosure sale of leading inventory tracking and logistics company resulting in full satisfaction of approximately $222 million of senior secured first lien debt

Arbitration award holder as party to a purchase and sale agreement conveying right, title and interest in substantial international arbitration award against a sovereign entity

Capital One as administrative agent related to the workout, litigation management and successful refinancing exit of a $150 million credit facility with borrower facing multiple investigatory and legal challenges

Greater China Intermodal as vessel manufacturer, owner and creditor in the Hanjin Shipping Korean insolvency proceedings and related US chapter 15 proceedings

Antares Capital as administrative agent in connection with out-of-court debt-for-equity lender acquisition of a leading outdoor sports recreation equipment manufacturer and related litigation with the company’s equity sponsor to enforce payment under a sponsor guarantee agreement

Coliseum Capital in connection with a preferred equity investment in Universal Technical Institute, a leading for-profit education provider/operator

Antares Capital as administrative agent in out-of-court restructuring and subsequent refinancing exit of approximately $152 million senior secured first lien credit facility to audio-visual technology and services company

KKR in connection with restructuring and workout strategy related to its role as project finance lender to a distressed ethanol production facility

GECC as pre- and post-petition administrative agent related to the DIP financing and 363 lender credit bid acquisition of SP Newsprint Holdings and affiliates through their chapter 11 cases in satisfaction of approximately $265 million of prepetition senior secured first lien debt

Carlyle and Carlyle-affiliated Board members in connection with preparation and execution of the prepackaged chapter 11 cases for its portfolio company, Oriental Trading Company, and related subsidiaries and affiliates

GECC as pre- and post-petition and exit financing administrative agent in connection with the DIP financing and 363 lender credit bid acquisition of Medical Staffing Network through its chapter 11 case in satisfaction of approximately $100 million of senior secured first lien debt

Platinum Equity as successful stalking horse 363 bidder for majority of assets in the Genmar Holdings chapter 11 cases

GECC as lender, JV partner and creditor in the Capmark Financial Group chapter 11 cases

UBS as pre- and post-petition and exit financing administrative agent in connection with the prepacked chapter 11 cases of Electrical Components International, resulting in the consensual restructuring and resolution of approximately $250 million of senior secured first lien debt and $60 million of secured second lien debt

Unsecured Creditors Committee of Advanta Corporation in the Advanta chapter 11 cases involving unsecured claims in excess of $360 million

FTI in its capacity as the Liquidating Trustee for the Advanta Liquidating Trusts created pursuant to the Advanta chapter 11 liquidating plan

News

In the News · Source: The American Lawyer, Law360, Bloomberg Big Law Business, Global Restructuring Review, The Deal and Chicago Law Bulletin

June 3, 2019
Restructuring partners Roger Schwartz and Matthew Warren join the firm in New York and Chicago, respectively

View all

Credentials

J.D., University of Chicago Law School

B.A., Hobart William Smith Colleges, magna cum laude, with honors, Phi Beta Kappa

New Jersey

New York

U.S. Court of Appeals for the Third Circuit

U.S. District Court for the Southern District of New York

Judicial Clerk, Judge Richard L. Nygaard, U.S. Court of Appeals for the Third Circuit