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Garrick C. Smith
Garrick C. Smith
Senior Associate — Restructuring & Reorganization
Senior Associate — Restructuring & Reorganization

Garrick C. Smith

Garrick C. Smith
Dallas

Trammell Crow Center
2001 Ross Avenue
Suite 3900
Dallas, Texas 75201

Garrick C. Smith

Experience Highlights

  • Sable Management LLC in its capacity as an equity sponsor and certain officers and directors of Sable Permian Resources in connection with the Company’s chapter 11 cases, which resulted in a $1.3 billion credit-bid asset sale, a global settlement with key stakeholders, and confirmation of a chapter 11 plan in the U.S. Bankruptcy Court for the Southern District of Texas

  • Lilis Energy in an in-court sale process in which substantially all of the company’s operating assets were sold to Ameredev Texas LLC as part of its chapter 11 cases involving approximately $400 million in total liabilities plus the confirmation of a chapter 11 plan in the U.S. Bankruptcy Court for the Southern District of Texas

  • CARBO Ceramics Inc. and certain of its affiliates, who were engaged in the manufacturing of ceramic proppant and other industrial ceramic materials and products, in their chapter 11 bankruptcy cases filed in Houston, Texas; pre-negotiated chapter 11 plan confirmed within 80 days of case filing

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

  • Taco Bueno Restaurants in a prepetition debt sale transaction followed by an in-court restructuring in the U.S. Bankruptcy Court for the Northern District of Texas that 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

  • Wells Fargo Bank as Administrative Agent, DIP Agent, and Exit Facility Agent in Oasis Petroleum’s restructuring and prepackaged chapter 11 bankruptcy cases, including a $450 million DIP financing and $575 million exit financing

  • Mercuria Energy in its capacity as lender, noteholder, and equity holder 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

  • Goodrich Petroleum in out-of-court restructuring transactions and in-court restructuring involving the deleveraging of nearly $450 million in total liabilities through a confirmed chapter 11 plan in the U.S. Bankruptcy Court for the Southern District of Texas

  • Samuel Wyly in the largest chapter 11 bankruptcy case for an individual in 20 years; secured a global settlement with the SEC and IRS; conducted numerous asset sales for the benefit of creditors

  • 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

  • Goldman Sachs in connection with $50 million secured real estate and maritime loans to Offshore Exploration and affiliated entities and persons

  • Navistar, Inc., a manufacturer of international-branded trucks and diesel engines, in the defense of fraudulent transfer litigation brought by the Plan Trustee of the Liquidating Trust of Tango Transport LLC

  • Liquidating trustee of a bankrupt financial services firm in litigation against former officers and directors

Credentials

  • University of Virginia School of Law, J.D., 2013 (Editorial Board, Journal of Law & Politics)
  • The University of Texas at Austin, B.A. with highest honors, 2010 (Phi Beta Kappa)
  • The Best Lawyers in America© (BL Rankings, LLC), “Ones to Watch,” Creditor/Debtor Rights and Bankruptcy Litigation (Dallas), 2021–2023
  • Texas
  • “Dealing in Distressed Energy Assets,” 4 LSU J. Energy L. & Resources 175 (2016) (co-author)