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David S. Meyer
David S. Meyer
Partner — Restructuring & Reorganization
Partner — Restructuring & Reorganization

David S. Meyer

David S. Meyer
New York

The Grace Building
1114 Avenue of the Americas
32nd Floor
New York, NY 10036

David S. Meyer

David is the co-head of 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 complex 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 from 2017-2019. He was also recently selected as one of six lawyers appointed nationally to join the reconstituted Complex Case Committee in the United States Bankruptcy Court for the Southern District of Texas – a popular forum for filing large and complex chapter 11 cases – to assist the Court in evaluating protocol for the in-court restructuring processes and other key elements of bankruptcy practice.

David is a member of the firm’s Partnership Admission Committee and Recruiting Committee, and is the Talent Management lead for the Restructuring and Reorganization group in New York.

Experience Highlights

  • Blackstone Energy Partners L.P. and its portfolio company, Gavilan Resources, LLC, in an ongoing dispute with joint venture partner Sanchez Energy Corporation under their joint development agreement and in connection with Sanchez Energy Corporation’s chapter 11 cases

  • Riverstone Holdings and HPS Investment Partners as equity owners in connection with the restructuring of Alta Mesa Resources and its subsidiaries involving approximately $862 million of funded debt

  • Cloud Peak Energy and its affiliates, the only pure-play Powder River Basin coal company and the third largest coal company in the United States, in the sale of substantially all their operating assets to Navajo Transitional Energy Company, LLC, a wholly owned, subsidiary of the Navajo Nation, as part of its chapter 11 bankruptcy involving approximately $350 million in funded debt and over $750 million in total liabilities

  • Taco Bueno Restaurants in connection with its prepetition debt sale transaction and subsequent prepackaged chapter 11 cases, which involved equitizing $140 million in senior secured debt, transitioning ownership to an affiliate of Sun Holdings, Inc., renegotiating a substantial portion of the company’s lease portfolio, and reaching a global settlement with unsecured creditors in fewer than 45 days

  • Harvey Gulf International Marine, a Jones Act regulated marine transportation company, in all aspects of its complex balance sheet restructuring involving approximately $1.3 billion in senior secured funded debt, and effectuated through prepackaged chapter 11 cases

  • Riverstone Holdings in its capacity as second lien lender and private equity sponsor in connection with Fieldwood Energy’s restructuring, including the conversion of more than $1.6 billion in funded debt to equity, its $525 million new money rights offering, and the acquisition of Noble Energy’s deepwater assets in the Gulf of Mexico, all as effectuated through prepackaged chapter 11 cases

  • Energy XXI, 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 $3.0 billion

  • PennEnergy Resources, LLC in connection with its purchase of substantially all of the assets of Rex Energy Corporation for $600.5 million and negotiation of a comprehensive global settlement to the chapter 11 case

  • Riverstone Credit Partners as administrative agent and lender in connection with the restructuring of MTE Holdings and its subsequent chapter 11 cases and related litigation

  • Private equity sponsors including TPG, Riverstone, Blackstone, Encap Investments, and Quantum Energy Partners in connection with special situation investments, potential acquisitions, strategic alternatives, and liability management transactions

  • Cloud Peak Energy and its affiliates, the only pure-play Powder River Basin coal company and the third largest coal company in the United States, in the sale of substantially all their operating assets to Navajo Transitional Energy Company, LLC, a wholly owned, subsidiary of the Navajo Nation, as part of its chapter 11 bankruptcy involving approximately $350 million in funded debt and over $750 million in total liabilities

  • Taco Bueno Restaurants in connection with its prepetition debt sale transaction and subsequent prepackaged chapter 11 cases, which involved equitizing $140 million in senior secured debt, transitioning ownership to an affiliate of Sun Holdings, Inc., renegotiating a substantial portion of the company’s lease portfolio, and reaching a global settlement with unsecured creditors in fewer than 45 days

  • Harvey Gulf International Marine, a Jones Act regulated marine transportation company, in all aspects of its complex balance sheet restructuring involving approximately $1.3 billion in senior secured funded debt, and effectuated through prepackaged chapter 11 cases

  • Energy XXI, 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 $3.0 billion

  • Bellatrix Exploration in connection with its out-of-court restructuring

  • Petro Harvester Oil & Gas in the out-of-court restructuring of its approximately $142.3 million in first lien debt obligations and subsequent successful merger with a strategic partner

  • StoneMor Partners, a leading owner and operator of cemeteries and funeral homes, in its credit facility amendments and out-of-court restructuring

  • U.S. Oil and Refining in connection with its credit facility amendments and out-of-court restructuring

  • Natural Resource Partners, a master limited partnership principally engaged in owning and managing mineral reserve properties, in connection with its comprehensive 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

  • Sanjel Corp., an oilfield services company headquartered in Canada, in connection with its chapter 15 case 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 its 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

  • Riverstone Holdings and HPS Investment Partners as equity owners in connection with the restructuring of Alta Mesa Resources and its subsidiaries involving approximately $862 million of funded debt

  • Riverstone Holdings as equity owner in connection with the restructuring of EP Energy Corporation and its chapter 11 cases

  • Metalmark Capital in its capacity as an equity owner and counterparty to a tax receivable agreement in connection with Jones Energy’s restructuring and chapter 11 cases

  • Riverstone Holdings in the out-of-court restructuring of its portfolio company, Dynamic Industries, a leading fabricator and brownfield contractor to the global oil, gas, and energy industries

  • TPG Capital Management, L.P., in connection with the sale of its portfolio company Travel Management Company, to an affiliate of Wheels Up

  • Riverstone Holdings in its capacity as second lien lender and private equity sponsor in connection with Fieldwood Energy’s restructuring, including the conversion of more than $1.6 billion in funded debt to equity, its $525 million new money rights offering, and the acquisition of Noble Energy’s deepwater assets in the Gulf of Mexico, all as effectuated through prepackaged chapter 11 cases

  • Riverstone Holdings in connection with the successful sale of substantially all of the assets of its portfolio company Enduro Resources Partners LLC, and the company’s chapter 11 cases

  • TPG in connection with the restructuring of Beta Renewables S.p.A

  • Quantum Energy Partners in connection with the restructuring and sale of Midstream Energy Holdings

  • Houston Astros in connection with the involuntary chapter 11 case commenced against the Houston Regional Sports Network and the launch of Root Sports Southwest

  • American Infrastructure MLP Funds in the out-of-court restructuring of its portfolio company, Agspring

  • 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

  • PennEnergy Resources, LLC in connection with its purchase of substantially all of the assets of Rex Energy Corporation for $600.5 million and negotiation of a comprehensive global settlement to the chapter 11 case

  • Certain investment funds managed by the Merchant Banking Division of The Goldman Sachs Group Inc. in connection with their preferred equity investment in McDermott International, Inc. and the company’s subsequent restructuring efforts

  • TPG Pace Energy Holdings, a Special Purpose Acquisition Company and affiliate of TPG, in the $2.66 billion acquisition of oil and gas assets from EnerVest

  • 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.

  • A confidential bidder in connection with SunEdison’s chapter 11 cases

  • 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

  • An ad hoc group of lenders holding approximately $175 million in senior secured term debt in the prepackaged chapter 11 cases of Pioneer Energy Services Inc.

  • Blackstone Energy Partners L.P. and its portfolio company, Gavilan Resources, LLC, in an ongoing dispute with joint venture partner Sanchez Energy Corporation under their joint development agreement and in connection with Sanchez Energy Corporation’s chapter 11 cases

  • Riverstone Credit Partners as administrative agent and lender in connection with the restructuring of MTE Holdings and its subsequent chapter 11 cases and related litigation

  • Angelo Gordon as administrative agent for a prepetition secured credit facility and a debtor-in-possession credit facility, and stalking horse bidder and purchaser of certain upstream oil and gas assets in the chapter 11 bankruptcy case of Weatherly, Oil & Gas, LLC

  • Mercuria Energy in its capacity as lender, noteholder, and equityholder in connection with Arsenal Energy’s recapitalization and chapter 11 case, including the conversion of $861 million in debt to equity through a plan confirmed in the first nine days of the chapter 11 case filed in Delaware

  • Riverstone Credit Partners in its role as secured lender and DIP lender in the chapter 11 bankruptcy case of Elk Petroleum, Inc.

  • HPS Investment Partners in connection with the out-of-court restructuring of Elk Petroleum, Inc., and its exit from the company’s capital structure

  • TPG Sixth Street Partners in its capacity as a joint venture partner in Jupiter JV, LP and in connection with Legacy Reserves Inc. chapter 11 cases

  • Oaktree Capital Management in the recapitalization and out-of-court restructuring of King Operating Corporation, an independent oil and gas operator

  • Riverstone Holdings in its capacity as second lien lender and private equity sponsor in connection with Fieldwood Energy’s restructuring, including the conversion of more than $1.6 billion in funded debt to equity, its $525 million new money rights offering, and the acquisition of Noble Energy’s deepwater assets in the Gulf of Mexico, all as effectuated through prepackaged chapter 11 cases

  • KKR in connection with Exco Resources’ chapter 11 cases

  • Vitol Group in connection with its analysis of liability management considerations in multiple confidential situations

  • TPG Sixth Street Partners in the refinancing of Northern Oil & Gas, Inc.’s first lien credit facility and subsequent uptier exchange offer of unsecured notes

  • An ad hoc group of convertible noteholders in the prepackaged chapter 11 case of Global Brokerage, Inc.

  • 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 restructurings of Provo Craft and Novelty, Co.

Credentials

  • Brooklyn Law School, J.D. (Associate Managing Editor, Brooklyn Journal of International Law)
  • Bates College, B.A., Political Science
  • 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), 2017–2019
  • Member: American Bankruptcy Institute
  • Member: Turnaround Management Association
  • Member: Turnaround Management Association, NextGen Committee, 2015
  • Connecticut
  • New York
  • “Momentive Ruling – Make Whole Litigation Controversy Continues,” V&E Restructuring & Reorganization Update E-communication, November 8, 2017 (co-author)
  • Kentucky & Mineral Law Conference, “Access to Capital – Creative Financing Options,” October 2017 (speaker)
  • “Restructurings in the Energy Industry: Lessons Learned and Recent Developments,” V&E Energy Series, April 2017 (panelist)
  • Institute for Energy Law (IEL) 68th Annual Oil and Gas Conference, “Deleveraging Energy Companies to Survive Depressed Commodity Prices,” February 17, 2017 (speaker)
  • RBC Capital Markets’ Global Energy and Power Executive Conference, “Down and Dirty of Bankruptcy, Credit Risk and Landscape,” June 2016 (speaker)
  • Goldman Sachs Energy Restructuring Conference, March 2016 (speaker)
  • “Key Considerations in Distressed Upstream M&A,” V&E Energy Series, February 2016 (panelist)
  • Business Boot Camp, Brooklyn Law School, January 8, 2013; January 9, 2014 (panelist)