MD America Energy Completes Financial Restructuring, Successfully Emerges from Chapter 11

Vinson & Elkins is advising the secured term loan lenders in connection with MD America Energy, LLC’s (the “Company”) prepackaged chapter 11 bankruptcy cases and financial restructuring process. On December 14, 2020, the Company’s Plan of Reorganization was confirmed by the United States Bankruptcy Court for the Southern District of Texas Houston Division. Under the Plan, the Company’s pre-petition secured lenders have converted a significant portion of their debt into new equity in the Company, allowing MD America to emerge from the Chapter 11 process with a robust balance sheet and with a solid foundation for future growth and success.

The V&E team is led by partners Steven Abramowitz, Cris Dewar and David Meyer, counsel Kevin Heverin and senior associate Steven Zundell, in collaboration with partners Brian Bloom, Christopher Duffy, Vanessa Griffith, Peter Marshall, Matthew Moran, David Peck, Wendy Salinas and John Grand; counsel Jordan Leu and Juliana Hunter; senior associates Rafael Alvarado, Jeannie Poland, Daniel McEntee and Laurel Fensterstock; and associates Lauren Meyers, John Morgan, Mary Daniel Morgan, Trevor Spears, Matt Usdin, Miron Klimkowski, Kyle Reynolds and Holly Chern.