Danimer Scientific, Inc., a leading producer of biodegradable and compostable plastic alternatives, in connection with the sale of substantially all of its assets through chapter 11 bankruptcy cases filed in the U.S. Bankruptcy Court for the District of Delaware
Enviva Inc., the world’s largest producer of industrial wood pellets as a source of renewable energy, in connection with its comprehensive financial restructuring and chapter 11 bankruptcy cases; the company’s restructuring deleveraged its balance sheet by approximately $1.4 billion while raising approximately $1.3 billion in new-money commitments through a senior secured exit facility and an equity rights offering, and facilitated the renegotiation and preservation of key, long-term customer offtake contracts critical to its business operations
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
A global specialty insurance business in connection with various corporate governance matters and the evaluation of various strategic alternatives
A publicly-traded Chinese real estate company in connection with the evaluation of various strategic and capital raising alternatives
Rockall Energy and its subsidiaries in a chapter 11 sales process in which substantially all of the company’s operating assets were sold to Formentera Partners Fund I, LP pursuant to a prepackaged chapter 11 plan with a dual-track sale and back-stop equitization process that was confirmed within 83 days of commencing the chapter 11 cases
Publicly-traded energy services company in connection with evaluating various liability management alternatives resulting in an out-of-court capital raise and settlement of material litigation, and effectively positioning the company for a strategic combination
Private upstream E&P company in the $215 million distressed sale of substantially all of their assets in Sublette County, Wyoming (Pinedale Field) to a strategic buyer with the consent of the company’s lenders, who cancelled all debt in excess of the purchase price in connection with the out-of-court transaction
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
Unit Corporation, a diversified, publicly-traded energy company engaged in oil and natural gas exploration and production, contract drilling, and midstream services, and its affiliates in connection with its prearranged chapter 11 cases deleveraging the company by approximately $650 million in a debt-for-equity transaction with its subordinated noteholders
Carbo Ceramics in an in-court restructuring involving a debt-for-equity exchange with the company’s prepetition and DIP lenders
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