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Ropes & Gray LLP

800 BOYLSTON STREET, BOSTON, MA 02199, USA
Tel:
Work +1 617 951 7000
Email:
Web:
www.ropesgray.com
Boston, Central Hong Kong, Chicago, East Palo Alto, London EC4A, London EC4M and 6 more

Stephen Moeller-Sally

Ropes & Gray LLP

Position

Steve works with lenders, bondholders, private equity funds and their portfolio companies to devise creative approaches to unlocking value in out-of-court and in-court restructurings. Steve has particular experience representing secured creditors in workouts and Chapter 11 cases and has assisted these clients in developing strategies to profitably resolve intercreditor disputes and to acquire distressed assets through receiverships, foreclosures and credit bids in section 363 sales. - See more at: https://www.ropesgray.com/biographies/m/stephen-moeller-sally.aspx?AK=moell#sthash.iK8t56Xc.dpuf


United States: Finance

Restructuring (including bankruptcy): corporate

Within: Restructuring (including bankruptcy): corporate

Ropes & Gray LLP traditionally focuses on representing official committees of creditors, equity security holders and ad hoc committees of lenders, but the firm also has increasing experience for distressed companies on the debtor side. New York-based Mark Bane and Stephen Moeller-Sally in Boston chair the practice, which was strengthened by the arrival in the New York office of Matthew Roose from Fried, Frank, Harris, Shriver & Jacobson LLP. The team represents Elliott Management Corporation as holder of $2.6bn of claims in the bankruptcy cases of Energy Future Holdings and Energy Future Intermediate Holdings; the team's work included assisting in negotiating a creditor-led plan for the debtors, ultimately concluding with the confirmation of the Chapter 11 plan and the merger with Sempra in 2018. On the debtor side, the practice acted for women’s fashion footwear brand AeroGroup in restructuring its business prior to filing its Chapter 11 petition in September 2017 in the US Bankruptcy Court for the District of Delaware; following an auction, the court authorized the sale of substantially all of the client’s assets, pursuant to a purchase agreement with Alden Global Capital. In another highlight, the firm is representing Wilmington Trust as indenture trustee for $250m of 1.5 lien notes issued by quartz and silicone manufacturer Momentive Performance Materials, in relation to Momentive's Chapter 11.

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