Financial Restructuring

Contact(s)

Gregory M. Petrick
+44 (0) 20 7170 8688 
+1 212 504 6373 
gregory.petrick@cwt.com
v-card

“[A]n experienced team which is frequently engaged by creditors for advice on complex, high-profile bankruptcy matters. Has notable cross-border capabilities. Sought out for its expertise in restructuring municipal debt and Chapter 11 proceedings.” – Chambers USA

Cadwalader regularly advises agents, noteholders, official creditor committees, ad hoc creditor committees and various other creditor constituencies, as well as debtors, in bankruptcy and insolvency proceedings in the U.S. and abroad. It also counsels strategic investors and market participants on bankruptcy issues related to financings and acquisitions involving distressed entities.

Debt and Claims Trading

We provide in-depth knowledge and holistic advice to clients on all aspects of secondary trading, including tax, regulatory, insolvency and special situation analysis. Our lawyers advise clients from the outset of an investment – from the initial review of credit documentation, non-performing loan portfolios, trading analysis and execution, through to debt restructuring and navigation of the various insolvency regimes throughout the U.S. and abroad.

Distressed Finance

In situations where there is a need or desire for additional liquidity for a distressed borrower, our attorneys craft practical solutions in the course of designing, negotiating and drafting rescue loans, DIP loans and Chapter 11 exit facilities, including documentation concerning complex operating and financial covenants, security and intercreditor matters.

Distressed M&A

Our leading M&A lawyers work hand-in-hand with our restructuring team to identify and evaluate distressed targets and advise on Chapter 11 plan sponsorships, Section 363 sales, schemes of arrangement and administration sales, assessing the potential tax ramifications of each option.

We also work with our debtor clients that may be in, or potentially face, stress at the earliest stages, providing preventative and defensive measures before a crisis to sustain value, manage difficult issues and avoid liability.

Distressed Structured Products

We have significant experience advising underwriters, issuers, portfolio managers and other large financial institutions in connection with the workout of distressed CLOs, structured investment vehicles and leveraged loan warehouse transactions, including both cash and synthetic structures. Our team has advised clients in the few Chapter 11 petitions filed by or against CLO vehicles, including leading litigation involving the transaction documents governing these structures.

Our financial restructuring attorneys draw on the vast experience of our securitization and asset-based finance team, who have advised issuers, underwriters and collateral managers on well over $300 billion of asset-backed securities issuances 

Municipal Restructuring

Our nationally recognized municipal finance team has played a lead role in numerous precedent-setting situations involving state and local governments and non-profit tax-exempt borrowers, including advising the primary creditor in the largest-ever U.S. municipal debt restructuring.

Real Estate Restructuring

We represent many of the largest international and domestic financial institutions in their capacity as administrative agents, agents or lenders in troubled leveraged finance transactions, in super-priority and other in- and out-of-court syndicated lending transactions, and in Chapter 11 debtor-in-possession financings. Cadwalader attorneys have substantial experience in workouts involving real estate investment trusts and publicly traded real estate limited partnerships.

Contact(s)

Gregory M. Petrick
+44 (0) 20 7170 8688 
+1 212 504 6373 
gregory.petrick@cwt.com
v-card