CORPORATE & LOAN STRATEGISTS
BUSINESS RESTRUCTURING
& BANKRUPTCY SPECIALISTS

Pack Law currently represents Mary Brickell Village Hotel, LLC, the owner of the Aloft Marriott Hotel located in Miami FL, in its Chapter 11 case.

Represented Hurdl Inc., a leading live events marketing company through which communications between artists and brands and their customers, respectively, are driven through high-tech LED bracelets, in its prepackaged chapter 11 case in the Southern District of New York, through which Hurdl shed its multi-million dollar liability and effectuated a debt-to-equity plan that confirmed in only 37 days.

The indenture trustee of the “2019” unsecured notes in Nine West Holdings, a leading manufacturer, designer and distributor of women's apparel, in its Manhattan chapter 11 cases, which had approximately $1.6 billion in funded-debt obligations at the time of filing.

United Retail Group, Inc., a leading retailer of plus-size fashions under the Avenue Stores brand. The company utilized Chapter 11 to exit unprofitable store locations and sell its assets to affiliates of Versa Capital pursuant to a section 363 auction with stalking horse bid.

The Great Atlantic & Pacific Tea Company (A&P) in its Chapter 11 cases with respect to its DIP Financing, employment issues, location closures and lease transfers. At the time of its filing, A&P employed more than 40,500 people at 395 stores and listed $2.5 billion in assets and $3.2 billion in debt.

Reader's Digest Association, Inc., a global multi-brand media company offering books, magazines, entertainment products, online networking websites and educational products to more than 130 million customers in 78 countries, in their pre-arranged Chapter 11 cases.

The ad hoc group of crossover lenders and bondholders of Acosta, Inc., a grocery store supply chain vendor, in the negotiation and implementation of a prepackaged chapter 11 that equitized over $3 billion of debt in approximately one month.

Conexant Systems, Inc., a market leader in the microchip industry, in its consensual pre-arranged Chapter 11 restructuring, in which approximately $195 million of secured debt was exchanged for equity (through an investment vehicle backed by George Soros), enabling Conexant to significantly deleverage its capital structure, and shed burdensome real estate leases.

Centerbridge Partners in connection with the restructuring of Aquilex LLC, a leading provider of critical maintenance, repair and industrial cleaning solutions to the energy industry, primarily in the oil and gas refining, chemical and petrochemical production, fossil and nuclear power generation and waste-to-energy industries. Through a debt-for-equity exchange (of both second lien debt and senior notes) in addition to an $80 million equity investment, Aquilex reduced its debt by more than $300 million and became majority-owned by Centerbridge.

Pack Law currently represents the limited liability holding company, in its Chapter 11 case, through which it has so far effectuated the sale of over 20 parcels valued excess of $20 million.

Represented the Behrens Investment Group, as DIP Lender and Stalking Horse Bidder and ultimately, the Successful Buyer, in its acquisition of the Gorham Paper manufacturing mill, a co-generation facility previously managed and owned by Lynn Tilton and The Zohar Funds, located in Gorham, New Hampshire.

Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company, in its bid for the $9.45 billion all-cash acquisition of Energy Future Holdings Corp., which indirectly owns 80% of Oncor Electric Delivery Company, LLC, an operator of the largest electric transmission and distribution system in Texas. The transaction, which created the largest utility holding company in the US, was named "M&A Deal of the Year" by The Deal in 2018.

The ad hoc group of first lien lenders of Hercules Offshore, Inc., an international owner-operator of jack-up drilling rigs and liftboats, in the negotiation and implementation of a prepackaged chapter 11 plan that contemplated the ultimately-successful payment in full, plus a make-whole and controlled liquidation of the company, against the opposition by equity holders.

Dynegy Inc. in the restructuring of Illinois Power Generating Co. (originally Ameren Energy Resources), an indirect, wholly owned subsidiary of Dynegy, through a prepackaged chapter 11 case that ultimately resulted in Illinois Power Generating’s reduction of over $600 million of debt. Dynegy’s primary business is the production and sale of electric energy, capacity and ancillary services from its fleet of 50 power plants in 12 states totaling approximately 31,000 MW of generating capacity.

Optim Energy, LLC, an operator of coal-fired and gas-fired power plants throughout Texas, in its chapter 11 restructuring, including with respect to its section 363 auction sale of its coal plant to Major Oak Power LLC, a Blackstone investment vehicle.

Lobo Leasing Limited, a global commercial helicopter leasing company in respect of its lease arrangements with CHC Helicopter (CHC), a leading provider of crew transport, search-and-rescue and MRO services to the world-wide helicopter mark.

Tronox, Inc. and its affiliates, a leading manufacturer and marketer of titanium dioxide pigment, electrolytics and specialty chemicals, in their complex Chapter 11 cases, where Tronox successfully restructured and resolved massive environmental liabilities through one of the largest environmental settlements in bankruptcy history.

Rialto Capital, in connection with the origination, and assumption and assignment, of CMBS loans.