United States • Finance
4

Restructuring (including bankruptcy): corporate

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Arnold & Porter

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Arnold & Porter is best known for its representation of agents, ad hoc lender groups, hedge funds and other financial institutions in major restructurings and bankruptcies, along with insolvency-related litigation. It represented an ad hoc group of term lenders in connection with multiple rescue, DIP and exit financings and a consensual debt for equity plan for Cineworld’s reorganization. It also advises companies, private equity funds and their portfolio companies, while it has achieved further growth in representing funds and strategic investors in the acquisition of distressed companies. Chicago-based Michael Messersmith is chair of the bankruptcy and restructuring group, having more than two decades of experience in complex and contentious matters. Washington DC’s Michael Bernstein and Rosa Evergreen are also prominent names in the field, along with Chicago managing partner Tyler Nurnberg. New York-based Benjamin Mintz is another notable partner. Brian Lohan and Maja Zerjal Fink have left the firm.
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Accolades

Client satisfaction

Testimonials

Collated independently by Legal 500 research team.

  • ‘Michael Bernstein, the leader of the group, has a terrific legal mind and a great way of getting things done.’

  • ‘They are best in class.’

  • ‘Generally, Arnold & Porter has an excellent reputation in handling legal matters. As I understand, Arnold & Porter and Rosa Evergreen have extensive experience in handling complex and sophisticated matters involving large national businesses that have filed bankruptcy proceedings in different jurisdictions around the country'

  • ‘I have worked with Rosa Evergreen for over eight years. Ms Evergreen is a brilliant lawyer, who has mastery of bankruptcy law and procedures. In addition, she understands the strategic issues involved in bringing a bankruptcy proceeding to a successful conclusion. Ms Evergreen has extensive experience in handling complex and sophisticated matters involving large national businesses that have filed bankruptcy proceedings in different jurisdictions around the country.’

  • ‘Rosa Evergreen is a very skilled and effective advocate for her clients. She has a wealth of experience and knowledge to tap into to the tremendous benefit of her clients.’

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Key clients

  • Ad hoc group of Cineworld Lenders
  • Barings
  • Strategic Materials
  • Heitman
  • US Department of the Treasury
  • Recipients of Certain Alleged FTX Charitable Donations
  • Glove Assets Investment
  • Atlantic Security Bank and other large financial institutions
  • Healthpeak Properties
  • UMB Bank / Ad Hoc Group of Rialto Bioenergy Bondholders

Work highlights

  • Represented Cineworld in multiple rescue, DIP and exit financings and the negotiation and documentation of a fully-consensual debt for equity plan of reorganization.
  • Represented the United States Department of the Treasury with respect to its secured loans to Yellow Corporation and its subsidiaries and affiliates which were made in connection with the CARES Act.
  • Represented GSAM (as majority bondholder) and UMB Bank in its capacities as trustee and DIP agent, in Rialto Bioenergy Facility’s Chapter 11 case in the Bankruptcy Court for the Southern District of California.

Lawyers

Practice head

Michael Messersmith

Other key lawyers

Michael Bernstein; Tyler Nurnberg; Benjamin Mintz; Rosa Evergreen