Partner
Restructuring & Reorganization
Steven Abramowitz’s practice focuses on restructuring, bankruptcy and transactions involving leveraged or financially distressed companies. He draws from his more than 25 years of experience to help businesses, creditors, investors and other clients navigate the opportunities and risks of pursuing acquisitions, divestitures, financings and other deals with companies that have either entered formal bankruptcy proceedings or face other challenging circumstances.
Riverstone Credit Partners as administrative agent and lender on behalf of a syndicate of lenders under a $410 million term loan facility in the restructuring of MTE Holdings and its subsequent chapter 11 cases and related litigation; engagement evolved to representation in connection with acquisition of debtor’s assets by lender affiliate pursuant to a chapter 11 plan
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
Aerotransportes Mas De Cargo, a Mexico based cargo air carrier, in connection with issues arising in chapter 11 case of LATAM Airlines Group
Eureka Hunter Pipeline LLC and Morgan Stanley Infrastructure Partners in connection with resolution of mid-stream contracts and joint venture issues in chapter 11 proceedings in District of Delaware of Magnum Hunter Resources Corporation
An ad hoc term loan lender group in the prepackaged chapter 11 bankruptcy cases of MD America Energy
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
An ad hoc group of convertible noteholders in the prepackaged chapter 11 case of Global Brokerage, Inc.
Private Equity investors in connection with DIP financing and acquisition through chapter 11 plan of 100% of the equity of the casual restaurant chain Cosi, Inc. (District of Massachusetts)
Terminal Investment Limited, S.A. and Korean Hyundai Merchant Marine Co., Ltd. as purchaser of equity interests and loans of debtor Hanjin Shipping Co. Ltd. in chapter 15 bankruptcy case pursuant to section 363 of the Bankruptcy Code
Sanjel Corporation, an oilfield services company headquartered in Canada, in connection with a chapter 15 case and the sale of substantially all of the debtor’s U.S. assets
Resource Energy Partners LLC (sponsored by Apollo Global Management) as purchaser of substantially all of the E&P assets of American Eagle Energy Corporation pursuant to Section 363 of the Bankruptcy Code (District of Colorado)
Trico Marine Services and affiliated entities as debtors in chapter 11 proceedings in District of Delaware and in out-of-court restructurings and debt exchange offers relating to foreign affiliates
Bundesbank (German Central Bank) as special counsel in connection with issues arising from chapter 11 proceedings of Lehman Brothers Holdings, Inc. in United States Bankruptcy Court for the Southern District of New York
United Airlines Inc. in connection with Court approved termination of regional air services arrangements and claims in chapter 11 proceedings of Pinnacle Airlines Corp. in United States Bankruptcy Court for the Southern District of New York
Education
Admissions
Client Alerts
On June 27, 2024, the United States Supreme Court (the “Supreme Court” or “Court”) rendered a 5-4 opinion in Harrington v. Purdue Pharma, L.P. that “the [B]ankruptcy [C]ode does not authorize a release and injunction that, as part of a plan of reorganization under Chapter 11, effectively seeks to discharge claims against a nondebtor without the consent of affected claimants.”
June 28, 2024 • V&E Restructuring & Reorganization Update
June 28, 2024 • 7-minute read
Client Alerts
5th Circuit: Section 363(m) Mootness is Alive and Well
On February 20, 2024, the United States Court of Appeals for the Fifth Circuit issued an Opinion, which held that challenges to “integral” aspects of a bankruptcy sale are statutorily moot under Bankruptcy Code § 363(m).1
March 11, 2024 • A version of this insight was published by Law360
March 11, 2024 • 5-minute read
Event Recaps
Navigating the Distressed Commercial Real Estate Environment Ahead
Vinson & Elkins attorneys discuss the various out of court considerations that commercial real estate enterprises will want to consider as they navigate the distressed environment that may lie ahead.
June 7, 2023
June 7, 2023 • 1-minute read
Client Alerts
On May 30, 2023, the United States Court of Appeals for the Second Circuit (the “Second Circuit” or the “Court”) rendered a much anticipated opinion (the “Opinion”),1 reversing the order of the United States District Court for the Southern District of New York (the “District Court”) that the Bankruptcy Code does not permit non-consensual third-party releases of direct claims and affirming the order of the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) confirming the chapter 11 plan (the “Purdue Plan”) of Purdue Pharma L.P. (“Purdue”), which approved non-consensual third-party releases of the owners of Purdue — members of the Sackler family.
June 6, 2023 • V&E Restructuring & Reorganization Update
June 6, 2023 • 7-minute read
Client Alerts
On March 28, 2023, the United States District Court for the District of Delaware (the “District Court”) rendered an opinion (the “Opinion”)1 affirming the confirmation order of Laurie S. Silverstein, of the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) that confirmed the chapter 11 plan (the “Plan”) of the Boy Scouts of America (“BSA”) (collectively, the “Confirmation Order”).2
May 2, 2023 • V&E Restructuring & Reorganization Update
May 2, 2023 • 8-minute read
