Overview

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.

Experience Highlights

  • 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

Credentials

Education

  • Columbia Law School, J.D. Harlan Fiske Stone Scholar, 2014 (Columbia Journal of Law and Social Problems, Executive Board: Finance Editor and Managing Editor)
  • Rutgers University, B.A. Political Science summa cum laude, 2011

Admissions

  • New York
  • U.S. District Court for the Southern District of New York
  • U.S. District Court for the Southern District of Texas

Recognitions

  • Selected to the New York Rising Star list, Super Lawyers (Thomson Reuters), 2023-2025
Insights

Client Alerts

Serta Bankruptcy Court Awards Approximately $400 Million Judgment Following Fifth Circuit Uptier Ruling

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

SCOTUS in Purdue: Non-Debtor Third-Party Releases Are Not Permitted in Chapter 11 Plans Without Consent

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

Should They Stay, and Will It Go? SCOTUS Weighs ETS’ Fate Background Image

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

In re Purdue Pharma L.P.: Second Circuit Reverses S.D.N.Y and Holds Bankruptcy Court Has Subject Matter Jurisdiction and Statutory Authority to Approve Sackler Family Releases

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

Should They Stay, and Will It Go? SCOTUS Weighs ETS’ Fate Background Image
News & Achievements