Cahill’s Bankruptcy & Restructuring practice group combines a commercial approach and practical strategies with pragmatic legal advice to assist our clients to navigate potential legal issues they may face in connection with distressed businesses. We work closely with our market-leading finance, high-yield, and litigation practices, among others, to leverage the expertise of our attorneys and provide comprehensive and best-in-class guidance.
Cahill’s clients span the entire capital structure as we represent and advise major constituents in complex restructurings and Chapter 11 bankruptcy cases, including secured lenders and agents; ad hoc groups of lenders, noteholders, and equity holders; direct lenders; and companies and related entities, including equity holders and sponsors, investors, boards of directors, and senior management teams. We also represent various parties in complex bankruptcy litigation.
Focusing on our clients’ goals, we use our extensive experience in a range of restructuring transactions, such as exchange and cash tender offers; rescue, DIP, and exit financings; and liability-management transactions, where our deep involvement in leveraged finance and capital markets bolsters our ability to recommend and implement creative solutions. Combining practical, commercial insight with a nuanced understanding of innovative financial structures, we drive consensus and achieve our clients’ goals.
We have extensive knowledge in all aspects of restructuring and bankruptcy law, so we are also able to counsel our clients on all challenges they could face, starting in the board or conference room, negotiating deals to avoid litigation or an in-court process, and when necessary, in the courtroom. While we hope to facilitate out-of-court solutions to difficult problems, if necessary, we can litigate complex issues in bankruptcy cases to protect our clients’ interests.
Cahill’s team regularly represents administrative and collateral agents and lenders, including direct lenders and DIP and exit lenders, with respect to secured financings in bankruptcy and restructuring matters. Representative matters include:
Cahill lawyers have extensive experience representing ad hoc lender, noteholder, and equity groups in Chapter 11 cases, out-of-court restructurings, rescue financings, and complex workout and other special situations. These representations are multi-disciplinary, drawing on, among other things, restructuring, capital markets, finance, litigation, and tax expertise, as needed. Representative matters include:
Cahill lawyers have significant experience representing debtors and borrowers, their boards of directors, equity sponsors and other investors. Representative matters include:
We have also represented directors and officers in the Patriot National bankruptcy cases (Delaware) and served as special counsel in the Chrysler (Southern District of New York) and Trico Marine Services (Delaware) bankruptcy cases. Finally, we counseled a fashion retailer and a print media company through out-of-court restructurings, a mall entertainment and specialty product store through various sales of business lines and wind-down efforts, and a major law firm through an out-of-court wind-down process.
*Represents matters led by Cahill attorneys prior to joining the firm.
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