Experience

• • CCA Construction, a U.S. subsidiary of China State Construction Engineering Corp. Ltd., one of the world’s largest investment and construction groups, in its successful chapter 11 restructuring of more than $2 billion in asserted claims, including a $1.6 billion litigation judgment.
  • Elara Caring, a national provider of skilled home health, hospice, behavioral health and personal care services, in a strategic investment from Ares’ Private Equity Group and DaVita.
  • Resolute Investment Holdings and its affiliates, including American Beacon Advisors (the pension manager for American Airlines, among others), in negotiating and executing (i) a transaction support agreement with an ad hoc group of 1L lenders, (ii) a subsequent transaction support agreement with both 1L lenders and an ad hoc group of 2L crossholders and (iii) documentation and execution of the transaction contemplated therein.
  • Whele LLC d/b/a Perch in an out of court restructuring under which Whele was sold to and merged with Razor Group for a purchase price of about $430 million, which resulted in the conversion of Whele’s secured debt into equity.
  • Logix Communications, LP, d/b/a Logix Fiber in a consensual foreclosure and recapitalization transaction, which ultimately resulted in an aggregate debt reduction of over $150 million.
  • The CEO and Chairman of the Board, as well as founding equity investors, of AGP Glass, in navigating liquidity challenges faced by the company, a fast-growing developer and manufacturer of high-tech glass parts for the auto manufacturing, marine and security industries and the ultimate purchase of operating assets in connection with ATP’s insolvency proceeding in the Bailiwick of Jersey.
  • Acorn, a portfolio company of funds managed by Oaktree Capital Management, in its acquisition of BW/IP, a wholly owned subsidiary of Flowserve that holds asbestos liabilities and related insurance assets.
  • Clayton, Dubilier & Rice in its investment in Vialto Partners as part of a recapitalization transaction that delivered a $225 million equity capital investment in Vialto and an approximately $550 million reduction in Vialto’s outstanding debt.
  • Alaska Air Group in its $2.85 billion financings consisting of a $2 billion loyalty secured senior notes offering and term loan facility and a new $850 million revolving credit facility.
  • Hawaiian Airlines in its exchange offer of $1.2 billion aggregate principal amount of 5.750% Senior Secured Notes due 2026 for $985 million aggregate principal amount of 11.000% Senior Secured Notes due 2029 and cash and related consent solicitation, which closed on July 26, 2024.
  • Certain holders of second lien term loans issued by Integro Parent Inc., part of Tysers Insurance Brokers, Ltd., a leading Lloyds independent broker, in a transaction under which AUB Group Limited will acquire Tysers from Odyssey Investment Partners for $615.2 million.