Where We Excel


Vinson & Elkins’ nationally ranked Restructuring & Reorganization team is known for our skillful representation of syndicated bank groups, secured and unsecured noteholders, and alternative lenders, both in- and out-of-court, in complex and high-profile matters across the country.

Our clients – some of the biggest name banks, alternative lenders, asset managers, and hedge funds in the world – rely on us to help maximize returns, structure and optimally protect their investments, and, when necessary, steer them through workouts and chapter 11 cases.

Our team works effectively under stressed circumstances, maximizing efficiency for our clients by capitalizing on the firm’s global presence and talented bench of attorneys. We leverage cross-office teams to address complex legal issues across relevant disciplines, including finance, corporate, capital markets, litigation, and tax.

Experience

  • Wells Fargo Bank as Administrative Agent, DIP Agent, and Exit Facility Agent in Oasis Petroleum’s restructuring and prepackaged chapter 11 bankruptcy cases, including a $450 million DIP financing and $575 million exit financing

  • JP Morgan Chase as Administrative Agent, DIP Agent, and Exit Facility Agent of a $615 million credit facility in Denbury Resources’ restructuring and prepackaged chapter 11 bankruptcy

  • An ad hoc group first lien term lenders, as co-counsel, in the chapter 11 cases of Neiman Marcus Group LTD, LLC filed in Houston, Texas

  • Royal Bank of Canada as administrative agent and collateral agent under Martin Midstream Partners’ RBL credit facility which facilitated the completion of an exchange offer and consent solicitation and related cash tender offer

  • Monroe Capital Management Advisors as secured lender and DIP lender of a $55 million credit facility to Little River Healthcare System in its chapter 11 bankruptcy case and subsequent chapter 7 bankruptcy case

  • An ad hoc term loan lender group in the prepackaged chapter 11 bankruptcy cases of MD America Energy

  • 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

  • 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.

  • Mercuria Energy in its capacity as lender, noteholder, and equity holder in connection with Arsenal Energy’s recapitalization and chapter 11 case, including the conversion of $861 million in debt to equity through a plan confirmed in the first nine days of the chapter 11 case filed in Delaware

  • Blackstone Energy Partners L.P. and its portfolio company, Gavilan Resources, LLC, in an ongoing dispute with joint venture partner Sanchez Energy Corporation under their joint development agreement and in connection with Sanchez Energy Corporation’s chapter 11 cases

  • JPMorgan Chase Bank as administrative agent, DIP and exit facility lender in the chapter 11 bankruptcy reorganization sale of Tuesday Morning Corporation, a national retail chain

  • TPG Sixth Street in the refinancing of Northern Oil & Gas, Inc.’s first lien credit facility and subsequent uptier exchange offer of unsecured notes

  • An ad hoc group of convertible noteholders in the prepackaged chapter 11 case of Global Brokerage, Inc.

  • JPMorgan Chase Bank in the chapter 11 case of Chaparral Energy, an oil and natural gas exploration and production company, filed in Delaware

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At Vinson & Elkins, we bring decades of knowledge, skill, and experience to our clients’ most complex legal matters.

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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

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 Workout Discussions with Lenders – Trends from 2023

Vinson & Elkins attorneys discussed commercial real estate loan workouts and amendments: the path most often taken by commercial real estate lenders in 2023 when a borrower is facing a default.

November 9, 2023

November 9, 2023 • 1-minute read

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Client Alerts

In re Boy Scouts of America and Delaware BSA, LLC: Delaware District Court Affirms Bankruptcy Court’s Approval of Third-Party Releases, in Conflict with Southern District of New York District Court in Purdue

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

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

Event Recaps

Navigating Creditor on Creditor Violence: The New Normal?

Vinson & Elkins attorneys discuss recent creative deleveraging and restructuring transactions, including non-pro rata uptier exchanges, priming transactions, and financing assets transferred to unrestricted…

April 27, 2023

April 27, 2023 • 1-minute read

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Client Alerts

Silicon Valley Bank FDIC Takeover

Silicon Valley Bank (“SVB”), a key lender serving customers and borrowers primarily in the technology industry, was taken over by U.S. regulators on Friday, March 10, 2023. Included herein are considerations that may be top of mind for persons with connections to SVB.

March 12, 2023 • V&E Restructuring & Reorganization Update

March 12, 2023 • 2-minute read

Distressed Debt and Looming Maturities: Liability Management and Restructuring Strategies in the Time of COVID-19 Background Decorative Image

Client Alerts

Sanofi v. Mallinckrodt: Delaware Decision Highlights Importance of Asset Sale Structures in Later Bankruptcy Proceedings

In Sanofi-Aventis U.S. LLC v. Mallinckrodt PLC, the United States District Court for the District of Delaware ruled that a debtor that purchased intellectual property under a prepetition asset purchase agreement could continue to retain and use the property post-confirmation while discharging its obligations to pay any future royalties otherwise owed.

January 23, 2023 • V&E Restructuring & Reorganization Update

January 23, 2023 • 5-minute read

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