Robert S. Brady,

Chair of the Firm and Partner

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.

HCR ManorCare, Inc. and its non-debtor subsidiaries are a leading national healthcare provider that operate a network of more than 450 locations nationwide providing (a) skilled nursing and inpatient rehabilitation facilities, memory care facilities, and assisted living facilities (b) hospice and home health care agencies; and (c) outpatient rehabilitation clinics and other ancillary healthcare and related businesses.  HCR ManorCare, Inc. commenced its bankruptcy case to effectuate a prepackaged plan of reorganization satisfying the claims of a major creditor and improving its go-forward operations by, among other things, reducing its operating leverage.  Young Conaway was retained as co-counsel in HCR ManorCare, Inc.’s chapter 11 bankruptcy case with Sidley Austin LLP.