Corp Group Banking
Inversiones CG Financial Chile Dos S.P.A.
Kumtor Gold Company CJSC and Kumtor OperatingCompany CJSC
In re Alex and Ani, LLC, et al.
Pyxus International, Inc.
Extraction Oil & Gas, Inc.
Craftworks Parent, LLC
Templar Energy LLC
Exide Holdings, Inc.
John Varvatos Enterprises, Inc.
Earth Fare, Inc.
Bumble Bee Parent, Inc.
Arsenal Resources Development LLC
Triangle Petroleum is an independent energy holding company with a strategic focus in the Williston Basin of North Dakota. Triangle Petroleum commenced its bankruptcy case to consensually restructure approximately $167 million in secured not obligations in accordance with a pre-packaged plan of reorganization, which was confirmed after approximately six weeks. As a result of Triangle Petroleum’s plan, JP Morgan Securities, LLC obtained 100% of the new common stock of the reorganized entity, and general unsecured claims were left unimpaired. Young Conaway served as co-counsel to the debtor with Paul, Weiss, Rifkind, Wharton & Garrison LLP, and served in a lead capacity in many aspects of the case.
HPS Investment Partners, LLC
On November 21, 2018, LBI Media, Inc. and its affiliated debtors commenced chapter 11 cases. LBI was the largest privately held, minority-owned Spanish-language broadcaster in the United States, having expanded over the years into a national media company that owned or licensed twenty-seven (27) Spanish-language television stations and radio stations in the largest markets in the United States, as well as EstrellaTV, a Spanish-language television broadcast network. Prior to the commencement of the chapter 11 cases, after a competitive process to solicit financing bids to replace its first lien debt, HPS had assumed the rights and obligations of LBI’s first lien noteholders, including those in an intercreditor agreement between the first lien noteholders and second lien secured creditors, which set-out the relative rights, position, and priorities of the Debtor’s first lien and second lien secured creditors. In spite of the intercreditor agreement and the second lien secured creditors’ obligations thereunder not to challenge HPS’s loans, in the chapter 11 cases, a group of the second lien secured creditors attacked those loans, which had the potential to derail LBI’s restructuring with extended litigation. Ultimately, the parties were able to reach a consensual resolution after protracted and contentious negotiations. Young Conaway was retained to represent HPS as co-counsel working with Paul, Weiss, Rifkind, Wharton & Garrison LLP and Mololamken LLP.
F+W Media, Inc.
Diesel USA Inc.
Arsenal Energy Holdings LLC
The debtor and its affiliates are engaged in the acquisition and development of natural gas resources in the Appalachian Basin, holding one of the largest acreage positions in West Virginia. The debtor commenced bankruptcy as part of a comprehensive recapitalization transaction that significantly reduced the company’s debt while leaving operations unaffected and trade creditors unimpaired. The debtor’s pre-packaged plan of reorganization, which converted subordinated notes totaling approximately $861 million into equity and provided the company with access to an additional $35 million in liquidity, was confirmed and went effective just ten days after the petition date. Young Conaway, along with Simpson Thacher & Bartlett LLP, led the debtor through this novel chapter 11 filing, which was the first of its kind to be approved in the Bankruptcy Court for the District of Delaware.
Sears Holdings Corporation
Samuels Jewelers, Inc.
Heritage Home Group LLC
Midway Games Inc.
Young Conaway served as attorneys for National Amusements, Inc., defendant in an adversary proceeding commenced in the chapter 11 cases of Midway Games, Inc. in the Unites States Bankruptcy Court for the District of Delaware
Fallbrook Technologies, Inc.
Ascent Resources Marcellus Holdings, LLC
Ascent Resources Marcellus Holdings, LLC and its affiliated debtors were formed to acquire, explore for, develop, produce, and operate natural gas and oil properties in the Marcellus Shale basin, one of the largest shale plays in the United States encompassing over 30 million acres across four states in the eastern U.S. The debtors commenced their chapter 11 cases to obtain approval of a prepackaged plan of reorganization meant to not only reduce debt, but also maintain the underlying value of the debtors’ businesses and position the debtors for future growth. The prepackaged plan of reorganization was approved 45 days after the commencement of the chapter 11 cases and significantly de-levered the debtors through a debt for equity conversion while providing general unsecured creditors with a 100% recovery. Young Conaway was retained to represent the Debtors, as co-counsel to Sullivan & Cromwell.
The Bon-Ton Stores, Inc. and its affiliated debtors were a leading hometown department store retailer with 256 stores located in twenty-three states in the Northeast, Midwest and upper Great Plains. The Bon-Ton debtors commenced their bankruptcy cases due to adverse trends in the retail industry, including consumers’ shift from shopping in brick-and-mortar stores to online retail channels. Following a marketing and sale process and auction, the Bon-Ton debtors ultimately sold substantially all of their assets to a joint venture led by Bon-Ton’s second lien noteholders. Young Conaway was retained as co-counsel in Bon-Ton’s bankruptcy cases with Paul, Weiss, Rifkind, Wharton & Garrison LLP.
In re M&G USA Corporation, et al.
GST AutoLeather, Inc.
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