Practices

Financial Restructuring

King & Spalding is regularly retained in bankruptcy matters arising throughout the United States and Europe. Our practice focuses on representing institutional lenders and other secured creditors, buyers and sellers of assets in connection with distressed M&A transactions, and financially distressed companies/debtors.

Working closely with our Finance, Private Equity, Healthcare, Energy and Capital Markets teams, our representations span various industries, with particular emphasis on the retail, healthcare, energy, real estate, agriculture, manufacturing, media and telecommunications sectors.

When a company is financially distressed and facing bankruptcy, it must be as efficient as possible when working to restructure or reorganize its business. 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.

We specialize in helping senior secured lenders maximize their recoveries in connection with out-of-court workouts, debtor-in-possession loans, Chapter 11 exit financings, and prepackaged and pre-arranged Chapter 11 plans.

We are regularly retained in bankruptcy matters and workouts to represent financially distressed businesses in connection with restructurings or reorganizations, including portfolio company investments held by private equity firms and hedge funds.

We frequently represent strategic and financial buyers and sellers of assets in Chapter 11 cases. We help our clients navigate the complexities of these transactions by analyzing the circumstances and helping devise structures and approaches that maximize the likelihood of a successful deal, including purchasing distressed debt and consummating deals under Section 363 of the Bankruptcy Code or under confirmed Chapter 11 plans.

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Five bankruptcy lawyers are recognized as leading individuals.


Chambers USA, 2017

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, 2017

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, 2016

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


The Deal

“Distressed M&A transactions are a specialty” of King & Spalding.


Chambers USA

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


Turnaround Management Association, 2013

King & Spalding “is particularly well versed in debtor representations.”


Chambers USA

“Highly regarded for financial restructurings and workouts (both in and out of court)."


Chambers USA