George A. Davis
Partner - New York
george.davis@cwt.com
212 504 6797
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One World Financial Center
New York, NY 10281
Practice areas
Financial Restructuring
Distressed Finance
Distressed M&A

Schools
Hofstra University School of Law
J.D., with distinction 1990

State University of New York - Binghamton
B.S., magna cum laude 1986

Articles:
PDF file Bankruptcy Implications Of Environmental Liabilities
Law360
John J. Rapisardi, George A. Davis, Gregory M. Petrick, Ingrid Bagby, Richard Nevins
Aug 02, 2010
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Clients & Friends Memos:
PDF file  BP in the Wake of the Deepwater Horizon Incident and the Bankruptcy Implications of Mounting Environmental Liabilities
Jul 07, 2010
Quoted:
and the firm are noted for successfully completing the global reorganization of one of the world's largest petrochemical companies, Lyondell Basell.
- Cadwalader Completes Historic Global Reorganization, Ad hoc News
May 13, 2010
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George A. Davis

George Davis has 20 years of experience representing debtors, secured lenders and agents, unsecured creditor groups and investors in complex corporate reorganizations, debt restructurings and distressed mergers and acquisitions across a wide array of industries, including chemical, real estate, financial, retail, telecommunication, energy, airline, steel and manufacturing.

Publications have consistently lauded George's work "due to his success in building consensus among groups with extremely different viewpoints." He has been regularly recognized as one of the leading restructuring lawyers in the United States by Chambers USA, The Best Lawyers in America, Legal 500 (US), Turnarounds and Workouts, Corporate Counsel, and IFLR 1000.  His representation of JP Morgan Chase as agent and secured lender in the out-of-court restructuring of Centro Properties Group, one of the largest owners and managers of shopping centers in the United States and Australia, received the 2009 Merger Market Turnaround Atlas Award for "Out-of-Court Restructuring of the Year."

George is currently lead counsel in the chapter 11 and cross-border restructuring of LyondellBasell Industries and affiliates, the world's third-largest independent chemical company.  He has played a leading role in the successful restructurings of many other corporate clients, including Saint Vincent's Catholic Medical Centers (healthcare), Portland Trailblazers (sports franchise), IMPATH Inc. (medical services and supplies), Bethlehem Steel Corporation (steel manufacturer), Sunbeam Corporation (consumer products), Carmike Cinemas, Inc. (theatre chain), Marvel Entertainment, Inc. (creator, publisher, distributor of comic books), DIMAC Holdings (warehousing and order fulfillment), McCulloch Corporation (consumer products), and Factory Card & Party Outlet Corporation (specialty store).

George is currently playing or has recently played a leading role on behalf of creditor and investor clients in the following restructurings:

  • Merrill Lynch as first lien agent for the first lien lenders in BLB/Twin River Casinos (casino)
  • JPMC as agent and secured lender in the out-of-court restructuring of Centro Properties Group (owner and manager of shopping centers)
  • Citigroup as clearing broker and financial contract counter-party to Lehman Brothers Holdings, Inc. (investment bank and brokerage)
  • Merrill Lynch as primary secured lender to Fred Leighton Holding, Inc. (luxury jeweler)
  • Lehman Brothers as agent for the first lien lenders to SunCal Companies (real estate operating companies)
  • Chilton Investment Company as a substantial lender to Foamex LP (commodity chemicals)
  • Morgan Stanley as equity sponsor of Crescent Resources, LLC (real estate development)
  • Ad hoc group of third lien lenders to CalGen Corporation and ad hoc group of unsecured noteholders of Calpine Corporation (independent power producer)
  • Ad hoc group of unsecured claims purchasers of Adelphia Communications Corporation (cable and satellite)
  • Brencourt Advisors as first lien lender and acquirer of Werner Holding Co. (building products)
  • GECAS as primary aircraft lessor to US Airways Group, Inc. and Independence Air, Inc. (airline)
  • Ad hoc group of senior noteholders to Kaiser Aluminum & Chemical Corporation (aluminum)
  • Lenders to the following chapter 11 companies:
    • Ad hoc group of secured bondholders and roll-up DIP lenders to VeraSun Energy Corporation (producer and marketer of ethanol)
    • GE Capital as DIP lender to Delta Air Lines, Inc. (airline)
    • Merrill Lynch as prepetition secured lender and roll-up DIP lender to Pliant Corporation (commodity chemicals)
    • Goldman Sachs as DIP and exit lender to Eagle Pitcher Corporation (auto parts and equipment)
    • GE Capital as prepetition secured lender and roll-up DIP lender to Galey & Lord Industries, Inc. (textiles)
    • Citibank as proposed exit lender to WCI Steel, Inc. (steel)
  • Bidders and purchasers/prospective purchasers of substantially all the assets of the following chapter 11 debtors:
    • Steve & Barry's LLC (apparel retail)
    • New Century Financial Corporation (originator and purchaser of mortgage loans)
    • USA Commercial Mortgage Company (mortgage finance and servicing)
    • Pegasus Satellite Communications, Inc. (cable and satellite)
    • FAO Schwarz, Inc. (retailer)
    • Metalforming Technologies, Inc. (auto parts and equipment)
    • Sterling Jewelers, Inc. (specialty stores)
    • Cable and Wireless plc (telecommunications)
    • TLC Home Health Care, Inc. (healthcare series)
    • Scott Cable Communications, Inc. (cable and satellite)

George is an adjunct professor at Georgetown University Law Center, teaching a course in Bankruptcy and Creditors' Rights.  He is also a frequent writer and speaker on restructuring topics and an active member of the Committee on Bankruptcy and Corporate Reorganizations of the Association of the Bar of the City of New York, the American Bankruptcy Institute, and the Turnaround Management Association.






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