Pryor Cashman LLP advises creditors, indenture trustees, administrative and collateral agents, investors, and other stakeholders in complex Chapter 11 reorganizations, out-of-court restructurings, and claims trading. The team has particular strength representing corporate trust and loan agency departments of major banks and financial institutions. Practice head Seth Lieberman leads representation of ad hoc groups and trustees in high-profile cases. Patrick Sibley focuses on indenture trustees and agents in restructurings, and Matthew Silverman advises default-side corporate trust clients and creditors. Joseph Shifer represents stakeholders in Chapter 11 and joined from Herbert Smith Freehills Kramer in March 2025. The team is based in New York.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Lawyer & team quality
Testimonials
Collated independently by Legal 500 research team.
‘Seth Lieberman is a best-in-class advisor to secured lenders and agents in difficult situations. He is a go-to lawyer across the country for ad hoc groups, lenders and agents in some of the most complicated situations.’
‘Seth Lieberman is a strong advocate, very experienced and knowledgeable about industry developments, careful and gets results. ’
Key clients
- Wilmington Savings Fund Society, FSB
- CSC Delaware Trust Company
- UMB Bank, National Association
- Wilmington Trust, National Association
- Acquiom Agency Services LLC
- Computershare Trust Company, National Association
- Celsius Network LLC Litigation Administrator
- Genesis Global Holdco, LLC ad hoc group of dollar lenders
- Jeff Anderson & Associates PA
Work highlights
Represented Wilmington Savings Fund Society, FSB as DIP Agent and indenture trustee in the Wesco Aircraft Holdings, Inc. Chapter 11 bankruptcy cases.
Advising the indenture trustee and administrative agent in connection with approximately US$1.26 billion of funded debt issued by At Home Group Inc. (“At Home”) and its affiliates, consisting of approximately US$683 million in secured notes and a US$579 million secured term loan facility.
Represented UMB Bank, N.A., in its capacities as DIP Agent and Indenture Trustee for the secured notes, in the Chapter 11 bankruptcy cases of Azul, S.A. and its affiliated debtors.
Practice head
Seth Lieberman
Other key lawyers
Patrick Sibley; Matthew Silverman; Joseph Shifer