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David S. Meyer

David S. Meyer Partner, Restructuring & Reorganization

David is a partner in Vinson & Elkins’ Restructuring and Reorganization group. His practice involves representing debtors, creditors, equity holders and investors in all aspects of complex corporate restructurings including chapter 11 cases, out-of-court restructurings and special situation investments and acquisitions. David also advises boards of directors and senior management of financially troubled companies regarding fiduciary duties, restructuring strategies and considerations, operating in chapter 11, and negotiating and structuring financings and other commercial transactions.

David was named a New York "Rising Star" by Super Lawyers magazine from 2014–2017 in the area of bankruptcy and creditor rights for his restructuring practice, selected as an Outstanding Young Restructuring Lawyer by Turnaround & Workouts in 2017, and was recognized by Legal 500 in the areas of finance and restructuring in 2017.

Experience Highlights

  • Riverstone Holdings LLC in connection with Fieldwood Energy LLC’s prepackaged chapter 11 case that reduced the company's funded debt by more than $1.6 billion and provided new funding to acquire deepwater Gulf of Mexico oil and gas assets of Noble Energy, Inc. on the plan effective date (Southern District of Texas)
  • A marine transportation company specializing in providing offshore supply and multi-purpose support vessels for deepwater operations in the Gulf of Mexico in its restructuring efforts
  • Energy XXI Ltd, a publicly-traded offshore energy E&P company, in connection with its chapter 11 cases which reduced the company's funded debt by more than $3 billion
  • An ad hoc group of convertible noteholders in the prepackaged chapter 11 case of Global Brokerage, Inc.
  • Natural Resource Partners, a master limited partnership principally engaged in owning and managing mineral reserve properties, in connection with its out-of-court restructuring
  • Goodrich Petroleum, a publicly-traded exploration and production company, in connection with out-of-court restructuring efforts and its chapter 11 cases
  • Cloud Peak Energy, a leading producer and marketer of coal, in connection with its out-of-court restructuring
  • Riverstone in connection with analyzing strategic alternatives in multiple matters
  • TPG in connection with analyzing strategic alternatives in multiple matters
  • Houston Astros in connection with the involuntary chapter 11 case commenced against the Houston Regional Sports Network and the launch of Root Sports Southwest

Company Representations

  • A marine transportation company specializing in providing offshore supply and multi-purpose support vessels for deepwater operations in the Gulf of Mexico in its restructuring efforts
  • Energy XXI Ltd, a publicly-traded offshore energy E&P company, in connection with its chapter 11 cases which reduced the company's funded debt by more than $3 billion
  • Natural Resource Partners, a master limited partnership principally engaged in owning and managing mineral reserve properties, in connection with its out-of-court restructuring
  • U.S. Oil and Refining Co. in connection with its out-of-court restructuring and credit facility amendments
  • Goodrich Petroleum, a publicly-traded exploration and production company, in connection with out-of-court restructuring efforts and its chapter 11 cases
  • Cloud Peak Energy, a leading producer and marketer of coal, in connection with its out-of-court restructuring
  • Sanjel Corp., an oilfield services company headquartered in Canada, in connection with its chapter 15 case filed in the Western District of Texas and the sale of substantially all of the company's U.S. assets
  • Sundevil Power Holdings LLC, a merchant power company, in connection with the sale of its power block assets in its chapter 11 case filed in Delaware
  • Patriot Coal, a leading producer and marketer of coal in the eastern United States with several active mining complexes in West Virginia, in connection with its chapter 11 cases
  • Sbarro, the largest mall-focused Italian restaurant concept in the world, in connection with its prepackaged chapter 11 cases as well as the company’s restructuring in 2011, in which the company reduced its total funded debt by nearly 70%, from approximately $400 million to approximately $130 million
  • Physiotherapy, a leading provider of outpatient rehabilitation services and the largest provider of outpatient physical therapy services in the United States, in its prepackaged chapter 11 cases; Physiotherapy’s prepackaged plan of reorganization reduced its total funded indebtedness by 62%, from $375 million to $144 million, and provided the company with long-term financing and access to incremental funding to support the company’s go-forward business needs
  • Stereotaxis, a health care technology manufacturer of robotic cardiology instrument navigation systems designed to enhance the treatment of arrhythmias and coronary disease, in connection with its restructuring efforts and exploration of strategic alternatives
  • Hawker Beechcraft, a world-leading manufacturer of business, special mission, light attack and trainer aircraft, in its chapter 11 case, which involved converting approximately $2.5 billion in funded indebtedness into equity, negotiating a global settlement with the Pension Benefits Guarantee Corporation and the International Association of Machinist and Aerospace Workers regarding the treatment of Hawker Beechcraft's three qualified defined benefit pension plans and its collective bargaining agreement, and a significant operational restructuring that included shutting down business jet production and reorganizing around the company’s core Beechcraft, defense, special mission and customer support businesses
  • Prommis, a leading provider of processing services and technological solutions to law firms, mortgage servicers, and trustees serving the residential mortgage industry, in connection with its out-of-court restructuring through an Article 9 sale, and its subsequent chapter 11 cases and successful asset sales
  • The Majestic Star Casino, which operate gaming facilities in Indiana, Mississippi, and Colorado, in their chapter 11 cases, which involved Majestic’s plan of reorganization supported by each of its major stakeholders that reduced the company’s funded indebtedness by nearly 78% (from $735 million to $160 million), safeguarded the continued employment of the company’s 2,600 employees and protected the vital revenue stream provided by the company’s tax payments to multiple jurisdiction
  • The Reader’s Digest Association, a global multi-brand media and direct marketing company with more than 130 million customers in 78 countries, in their prearranged chapter 11 cases; in less than six months in bankruptcy, the company reduced its total debt by more than 75%, from more than $2.2 billion to $525 million and achieved several operational restructuring initiatives; Reader’s Digest was also the first company in five years to refinance its exit debt through a high yield bond offering, which was completed simultaneously with the chapter 11 exit
  • Hawaiian Telcom, the state of Hawaii’s incumbent telecommunications provider, in its confirmed plan of reorganization, which reduced its total funded debt obligations from approximately $1.15 billion to $300 million
  • Network Communications, Inc., a leading local media company providing lead generation, advertising and internet marketing services to the residential real estate industry, in connection with an out-of-court restructuring of approximately $300 million in outstanding indebtedness
  • White Birch Paper Company, the second largest newsprint company in North America, in its successful cross-border auction and sale process
  • UTGR, Inc. d/b/a Twin River, Rhode Island’s largest slot parlor, in their chapter 11 cases
  • Flying J, a fully-integrated oil company with operations in the field of exploration, production, refining, transportation, wholesaling and retailing of petroleum products, and one of the 20 largest privately held companies with 2007 consolidated sales in excess of $16.2 billion, in its chapter 11 case
  • Leiner Health Products, a leading United States manufacturer of store brand vitamins, minerals and nutritional supplements, in their chapter 11 cases that involved approximately $500 million of debt obligations, a negotiated resolution of a federal criminal investigation, and a highly successful sale of substantially all of Leiner’s assets

Private Equity Sponsor and Other Representations

  • Riverstone in connection with analyzing strategic alternatives in multiple matters
  • TPG in connection with analyzing strategic alternatives in multiple matters
  • Houston Astros in connection with the involuntary chapter 11 case commenced against the Houston Regional Sports Network and the launch of Root Sports Southwest
  • TPG Sixth Street Partners in the refinancing of Northern Oil & Gas, Inc.'s first lien credit facility
  • An ad hoc group of convertible noteholders in the prepackaged chapter 11 case of Global Brokerage, Inc.
  • American Infrastructure MLP Funds in the out-of-court restructuring of its portfolio company, Agspring
  • Highbridge Principal Strategies in connection with Shoreline Energy's restructuring efforts and its chapter 11 cases
  • An ad hoc group of secured lenders in the out-of-court restructuring of a leading manufacturer and distributer of craft, hobby, and educational products
  • A U.S. private equity fund in connection with the formation of a joint venture with one of its mezzanine lenders as part of a restructuring and recapitalization of office properties located in California

Distressed M&A

  • A confidential bidder in connection with SunEdison's chapter 11 cases
  • Jonah Energy, LLC in connection with its asset purchase agreement with LINN Energy, Inc. to acquire natural gas and oil producing properties in the Jonah and Pinedale fields
  • Patterson-UTI Energy, Inc., a provider of contract drilling and pressure pumping services, in the all-stock transaction purchase agreement from Seventy Seven Energy Inc.
  • Rice Energy Inc., an oil and gas exploration and production company, in connection with its stalking horse asset purchase agreement with a subsidiary of Alpha Natural Resources, Inc., to acquire certain assets in central Greene County, Pennsylvania through Alpha's chapter 11 bankruptcy proceedings for $200 million
  • Houston Astros in connection with the involuntary chapter 11 case commenced against the Houston Regional Sports Network and the launch of Root Sports Southwest
  • Affiliates of Kinderhook Industries as purchaser in the sale of substantially all of the assets of AES Technologies pursuant to Section 363 of the Bankruptcy Code
  • An affiliate of Kinderhook Industries as purchaser in the sale of certain assets of Clinical Comprehensive Development, Inc., a clinical research company focusing on clinical pharmacology, central nervous system, and oncology trials, pursuant to Section 363 of the Bankruptcy Code
  • An affiliate of Kinderhook Industries as stalking horse bidder and purchaser in the sale of substantially all of the assets of Arete Sleep Health, a leading provider of integrated, high-quality sleep medicine, sleep studies, and health clinics, pursuant to Section 363 of the Bankruptcy Code
  • An affiliate of Kinderhook Industries as stalking horse bidder and purchaser in the sale of substantially all of the assets of NexPrise, a leading provider of cloud-based content management, collaboration, and process automation solutions, pursuant to Section 363 of the Bankruptcy Code


Contact Details

New York

T +1.212.237.0058
F +1.917.849.5358
dmeyer@velaw.com
666 Fifth Avenue
26th Floor
New York, NY 10103
Local time: 3:06 AM
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David's Practices

  • Brooklyn Law School, J.D. (Associate Managing Editor, Brooklyn Journal of International Law)
  • Bates College, B.A., Political Science
  • Admitted to Practice: Connecticut; New York
  • Turnaround & Workouts, Outstanding Young Restructuring Lawyer, 2017
  • Selected to the New York Rising Stars list, Super Lawyers (Thomson Reuters), 2014–2017
  • Legal 500 U.S., Finance: Restructuring (Including bankruptcy), 2017 and 2018
  • Member: American Bankruptcy Institute
  • Member: Turnaround Management Association
  • Member: Turnaround Management Association, NextGen Committee, 2015