Matthew D. Struble
Trammell Crow Center
2001 Ross Avenue
Suite 3900
Dallas, Texas 75201
Matt’s primary area of practice includes all aspects of restructuring and reorganization work, including the representation of debtors, lenders, creditors, and other stakeholders in chapter 11 and out-of-court restructurings. His experience includes chapter 11 reorganization proceedings, bankruptcy litigation, distressed asset acquisitions and divestitures, and corporate workout and restructuring transactions.
Company/Debtor Representations
Riverstone Holdings LLC, its portfolio company, Talen Energy Corporation (TEC), and TEC’s wholly-owned subsidiary, Cumulus Growth Holdings LLC in the chapter 11 cases of TEC’s wholly-owned subsidiary Talen Energy Supply, LLC, which involved key settlements that paved the way for a consensual reorganization of Talen’s legacy power generation business and the Cumulus data center and cryptomining growth initiatives and allowed Riverstone to retain material equity positions in both TEC and Cumulus Growth
Jonah Energy in connection with its out-of-court restructuring, which deleveraged the Company’s balance sheet by approximately $580 million through a combination of transactions including a cash tender offer for any and all of Jonah’s existing senior unsecured notes, the redemption of all non-tendered notes, a fully-backstopped equity rights offering to fund $85 million of new equity investment from all eligible existing noteholders, and entry into an amended and restated credit facility with an initial borrowing base of $750 million
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
California Resources Corporation and certain of its affiliates, as company co-counsel, in their pre-negotiated chapter 11 cases filed in Houston, Texas
Cloud Peak Energy in the sale of substantially all their operating assets to an affiliate of the Navajo Nation as part of its Chapter 11 cases involving approximately $350 million in funded debt and over $750 million in total liabilities
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
Samuel Wyly in the largest chapter 11 personal bankruptcy case for an individual in 20 years; secured a settlement with the SEC; conducted multiple asset sales for the benefit of creditors
Special situations investor in its role as lender and administrative agent under $129 million of revolver and multi-draw term loan prepetition and DIP financing and $50 million of take-back exit financing provided in connection with the Chapter 11 bankruptcy proceedings and equitization of a multi-site private cinema chain
Wells Fargo Bank as Administrative Agent in Oasis Petroleum’s restructuring and prepackaged chapter 11 bankruptcy cases, including a $450 million DIP financing and $575 million exit financing
JPMorgan Chase Bank as Administrative agent and lead lender to Tuesday Morning Corporation in a $100 million debtor-in-possession revolving credit facility in connection with its chapter 11 bankruptcy
JPMorgan Chase, N.A. in a $1.6 billion secured reserve-based revolving credit facility to Denbury Resources Inc.
Represent client as secured lender in $80,000,000 secured facility to upstream producer in restructuring and chapter 11 matters
Bank of America as secured lender of $100 million asset-based credit facility in the prenegotiated chapter 11 bankruptcy case of Parker Drilling, and as the post-petition $50 million DIP lender and $100 million Exit facility lender
Angelo, Gordon Energy Servicer LLC, as agent to the senior secured lenders in the chapter 11 cases of Rooster Energy Ltd. and it subsidiaries filed in Lafayette, Louisiana
Morgan Stanley Capital Group Inc. as a senior secured lender to Trinity River Resources L.P. in its chapter 11 case filed in Austin, Texas
National lender in the negotiation and preparation of restructuring support agreement, plan of reorganization, and related bankruptcy pleading and documentation related to financing provided to a wholesale power company; resulted in a settlement and out of court resolution
Southwest Airlines as a party in interest in the chapter 11 bankruptcy of Global Eagle Entertainment, a licensor of media and entertainment content
Credentials
- Law School: University of Pennsylvania Law School, J.D., 2016 (Editor-in-Chief, Journal of Business Law)
- Undergraduate: Texas A&M University, B.S. Economics & Political Science summa cum laude, 2013
- The Best Lawyers in America© (BL Rankings, LLC), “Ones to Watch,” (Dallas): Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, 2023; Litigation–Bankruptcy, 2023
- Member: State Bar of Texas; Dallas Bar Association; DFW Association of Young Bankruptcy Lawyers
- Texas
- U.S. District Courts for the Northern, Eastern, Southern, and Western Districts of Texas and the District of Colorado
- U.S. Bankruptcy Courts for the Northern, Eastern, Southern, and Western Districts of Texas and the District of Colorado
- Rankings & AwardsAugust 18, 2022
- InsightJanuary 25, 2022
V&E Restructuring & Reorganization Update
- Rankings & AwardsSeptember 22, 2021
- Deals & CasesJanuary 6, 2021
News & Insights
V&E Restructuring & Reorganization Update