Brown Rudnick LLP

Bankruptcy & Restructuring

Partner

Andrew Carty is a partner in the firm’s Bankruptcy & Corporate Restructuring Practice Group. Andrew has over a decade of experience representing a wide variety of stakeholders in all aspects of in-court and out-of-court restructurings.

Andrew has represented official committees (general unsecured creditors and equity holders) in some of the most complex, high-stakes bankruptcy cases over the past decade. Andrew’s official committee experience spans a wide range of industries, from the oil & gas sector (Chesapeake Energy, Alta Mesa Resources, EdgeMarc Energy Holdings, Rex Energy), services and infrastructure (Ruby Pipeline, Basic Energy Services), manufacturing and consumer goods (Performance Sports Group, Briggs & Stratton, Libbey Glass), commodities (Real Industry), healthcare (Adeptus Health), real estate (Washington Prime Group), and mass torts (LTL Management).

In addition to his official committee work, Andrew has significant experience representing an array of key stakeholders in both in-court and out-of-court restructurings. Examples of these engagements include:

Celsius Network: Plan sponsor in the Chapter 11 case of Celsius Network, a cryptocurrency company. Large cryptocurrency mining company in a comprehensive out-of-court restructuring of the company’s capital structure ($140 million+), resulting in a substantial deleveraging of the company’s balance sheet. Cred: Court-appointed examiner in the Chapter 11 case of Cred, a crypto lending platform. Conducted an investigation of the debtor’s business, operations, pre-petition transactions, and management team, culminating in the issuance of an approximately 100-page examiner’s report that the Bankruptcy Court described as “excellent.” Compute North Holdings: Asset purchaser and successful bidder in the Section 363 auction and sale process in the Chapter 11 case of Compute North Holdings a crypto data center company. Colt Defense: Ad hoc committee of secured lenders in the successful reorganization of Colt Defense, the firearms manufacturer, including advising the secured lenders with respect to providing replacement DIP financing and exit financing, and backstopping a rights offering and Chapter 11 plan that resulted in the secured lenders receiving majority equity interests in and control over the reorganized debtor. Remington Outdoor: DIP lender and prepetition secured creditor in the Chapter 11 case of Remington Outdoor, the firearms manufacturer, including advising the DIP lender in the post-petition financing and the debtor’s post-petition sale process, through which the DIP loan and prepetition secured debt were repaid in full. The Sports Authority: Ad hoc committee of secured lenders in the Chapter 11 case of The Sports Authority, a large sports retailer, which included hotly contested litigation over the collateral rights of the secured lenders in consigned goods.