Client Alerts
On July 7, 2026, Judge Christopher Lopez of the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”) …
July 13, 2026
July 13, 2026 • 6-minute read
Counsel
Restructuring & Reorganization
Steven’s primary area of practice focuses on all aspects of restructuring and reorganization work, including the representation of debtors, creditors, and equity holders in both chapter 11 cases and out-of-court restructurings. He also represents clients in contested matters and adversary proceedings before the state, bankruptcy, and federal district courts.
Encore Renewable Energy, a leading renewable energy developer and operator, in connection with the successful out-of-court restructuring of its bespoke integrated construction-to-term debt and a tax equity bridge facility
KLX Energy Services Holdings, Inc., an onshore provider of oilfield services, in refinancing approximately $232 million in aggregate principal amount of senior secured notes and entry into a new $125 million asset-based revolving credit facility
Platinum Equity in its capacity as sponsor and lender in the out-of-court restructuring of Yak Access, LLC, the nation’s leading provider of temporary access roads and related services, whereby among other things, the company reduced its funded debt obligations by over $500 million and Platinum funded the majority of a $121 million new money investment, retaining control of the company’s common equity
Strategic Materials, Inc., North America’s leading glass recycling company, and certain of its affiliates in their prepackaged chapter 11 cases that deleveraged the company’s capital structure by converting over 65% of the company’s approximately $430 million of prepetition secured funded debt into equity; the prepackaged chapter 11 plan was confirmed within only 37 days of commencing the chapter 11 cases in Houston
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.
An ad hoc term loan lender group in the prepackaged chapter 11 bankruptcy cases of MD America Energy
Angelo, Gordon Energy Servicer, LLC as administrative agent for a prepetition secured credit facility and a debtor in possession credit facility in the chapter 11 bankruptcy case of Weatherly, Oil & Gas, LLC
AMP Capital Investors (US) Limited in the out-of-court financial restructuring of Ocean Point Terminals (fka Limetree Bay Terminals) and certain affiliates under which AMP Capital will provide up to $100 million in new capital to Ocean Point Terminals
An independent committee of the board of directors of Daktronics, Inc., a publicly traded company that specializes in designing and manufacturing electronic scoreboards, programmable display systems, and large-screen video displays, in connection with the company’s efforts to improve its financial structure and liquidity profile
The Houston Astros in a joint venture with the Houston Rockets to acquire AT&T SportsNet Southwest from Warner Bros
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
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
Co-counsel to the Houston Astros as owner and substantial creditor in connection with the involuntary chapter 11 case commenced against the Houston Regional Sports Network
Select Energy Services, Inc. as stalking-horse bidder in the chapter 11 cases of Basic Energy Services, Inc. and the successful closing of sale transaction for Select’s acquisition of substantially all assets of Agua Libre Midstream, LLC and certain water-related assets and operations of Basic
Harvey Gulf International Marine in an in-court restructuring of a James Act Operator in its complex balance sheet restructuring addressing $1.3 billion in senior secured debt and deleveraging the company by nearly $900 million
Bellatrix Exploration Ltd., a Canadian exploration and production company, in connection with its out-of-court restructuring transaction and private up-tier exchange offer
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 approximately $3.0 billion
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.
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
U.S. Oil and Refining in connection with its credit facility amendments and out-of-court restructuring
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Client Alerts
On July 7, 2026, Judge Christopher Lopez of the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”) …
July 13, 2026
July 13, 2026 • 6-minute read
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
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
Awards & Rankings
Super Lawyers has recognized seven Vinson & Elkins lawyers across a range of the firm’s practice areas to the 2024 New York Super Lawyers list.
November 1, 2024
November 1, 2024 • 1-minute read
Awards & Rankings
Marine Money Selects Two Vinson & Elkins Matters as 2023 Deals of the Year
Marine Money highlighted two Vinson & Elkins matters as the most notable transactions in 2023. In the “M&A Deal of …
April 25, 2024
April 25, 2024 • 1-minute read
Awards & Rankings
Super Lawyers has recognized eight Vinson & Elkins lawyers across a range of the firm’s practice areas to the 2023 New York Super Lawyers list. Additionally, 14 attorneys have been selected for the New York Rising Stars list.
September 22, 2023
September 22, 2023 • 1-minute read
Deals & Cases
Tidewater Announces the Acquisition of 37 Platform Supply Vessels from Solstad Offshore
Vinson & Elkins advised Tidewater Inc. in its entry into a definitive agreement to purchase 37 of Solstad Offshore ASA’s platform supply vessels for $577 million.
March 7, 2023
March 7, 2023 • 1-minute read
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