With a specialism in creditor-side representation, the team at Proskauer Rose LLP represents creditors in Chapter 11 and out-of-court solutions for private credit lenders. The team also supports clients on debtor-in-position fights, staking-horse protections, and auction dynamics. Practice head David Hillman leads the lender-side and special situations mandates, advising clients on Chapter 11 proceedings for private credit funds and institutional lenders, while fellow co-head Vincent Indelicato focuses on credit-side and private credit matters, with experience in sponsor-backed healthcare. Ehud Barak specializes in Chapter 11 matters for debtors, creditor groups, and distressed investors. Boston-based Charles Dale advises financial and private credit clients. Martin Bienenstock remains a key team member. All lawyers are based in New York.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Sector knowledge
Client satisfaction: NPS ®
Testimonials
Collated independently by Legal 500 research team.
‘Exceptional strategists in complex restructurings.’
‘Excellent roster of personalities and cross-table relationships, which in complex restructurings can be difference-makers beyond creative and proactive legal strategy.'
'David Hillman and Charles Dale deserve particular mention.’
‘This is a strong creditor practice with a focus on middle market private lending.'
‘David Hillman is my primary contact. Totally responsive, competent, and dedicated. ’
Key clients
- Bausch Health Companies, Inc
- ConvergeOne: Ad Hoc Group of Excluded Lenders
- Thrill: Ad Hoc Group of Term Loan Lenders
- Mitel: Ad Hoc Group of Excluded Lenders
- Vobev: Ares Capital
- Mondee: TCW
- Danimer: Ad Hoc Group of DIP and 1L Lenders
- Red Lobster: Fortress Credit Group
- Diamond Sports: NBA
- Beckett Collectibles
- Miami Beach Medical: KKR
- Zachry Holdings Inc.: Statutory Unsecured Claimholders Committee
- Wellpath: Statutory Unsecured Claimholders Committee
- Evolution Credit Partners
Work highlights
Advised Bausch Health Companies Inc. (NYSE: BHC) (TSX: BHC) on its $7.9 billion refinancing transaction.
Represented a coalition of minority creditors in a landmark appeal overturning the confirmation of ConvergeOne’s Chapter 11 plan.
Represents an ad hoc group of first‑lien lenders to Thrill Holdings LLC, the entertainment group behind MTV’s, in a high‑stakes dispute over proxy governance rights.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Practice head
David Hillman; Vincent Indelicato
Other key lawyers
Ehud Barak; Charles Dale; Martin Bienenstock