Edmon L. Morton,

Partner

Young Conaway, along with co-counsel Debevoise & Plimpton, represented the debtors in connection with their $800 million debt restructuring, which was implemented through a consensual chapter 11 plan.  Young Conaway assisted the nation’s largest wedding retailer in meeting its goals to continue to provide uninterrupted, exceptional service to customers during the chapter 11 process and emerge from bankruptcy within two months of filing in time for the peak wedding dress retail season beginning in January 2019.

Mattress Firm, Inc. is the largest specialty mattress retailer in the United States, operating more than 3,200 stores across 49 states prior to the company’s chapter 11 filing.  Young Conaway, together with Sidley Austin LLP, successfully navigated the company and its affiliates through a prepackaged chapter 11 process designed to simplify and de-leverage the debtors’ capital structure and right-size their real estate footprint. The debtors confirmed their prepackaged plan of reorganization, which provided for payment in full of nearly all unsecured creditors, and emerged from bankruptcy in less than 50 days. The restructuring provided the company with enhanced financial flexibility through a $525 million exit financing facility and significant cost savings realized from the rejection of hundreds of store leases, setting the stage for the company’s long-term success.

Young Conaway served as counsel to Greenberg Taurig, LLP in the chapter 11 proceeding of Syntax-Brillian Corporation pending in the United States Bankruptcy Court for the District of Delaware.