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Jessica
C.K.
Boelter
Partner
Chicago
312.853.7030
312.853.7036 Fax
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Vcard
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JESSICA C.K. BOELTER is a partner in the Corporate Reorganization and Bankruptcy Group. Ms. Boelter represents clients in a wide variety of in court and out of court restructuring matters. In court, Ms. Boelter has represented clients in complex and multi-faceted traditional, pre-packaged and pre-arranged chapter 11 cases. Her broad range of experience includes, among other things, negotiating DIP financing, cash collateral and exit financing packages; drafting, negotiating and implementing plans of reorganization; negotiating debt and equity documents for reorganized companies; drafting and negotiating sale documents and pleadings in connection with section 363 asset sales; strategic planning for debt restructuring alternatives and chapter 11 filings; preparing debtors for chapter 11 filings; and structuring exit strategies for chapter 11 proceedings. Out of court, Ms. Boelter represents clients in connection with debt-for-equity exchanges and other debt restructurings and frequently counsels clients from a restructuring perspective on optimal structures for transactions and business relationships.
Ms. Boelter’s representative public engagements include:
- Tribune Company – Representation of Tribune Company and its affiliated debtors in their chapter 11 proceedings, involving approximately $13 billion in total funded debt. Tribune Company is a leading media and entertainment company reaching more than eighty percent of households in the United States through its newspapers, other publications and websites, television and radio stations and other news and entertainment offerings.
- Pliant Corporation – Representation of Pliant Corporation and its affiliated debtors in their 2006 and 2009 chapter 11 proceedings, involving in excess of $1.2 billion and $1.0 billion of indebtedness, respectively. Pliant was among North America’s leading manufacturers of value-added films and flexible packaging for food, personal care, medical, agricultural and industrial applications.
- Federal-Mogul Corporation – Representation of Federal-Mogul Corporation and its affiliated debtors in their chapter 11 proceedings, involving funded debt in excess of $4 billion, asbestos liabilities estimated in excess of $9 billion and U.K. pension liabilities estimated by U.K. pension authorities to be in excess of $2 billion. Federal-Mogul is a publicly-traded corporation that manufactures vehicle parts for OEMs and after-market customers in the automotive, small engine, heavy-duty and industrial markets throughout the world.
- Hilex Poly Co. LLC – Representation of Hilex Poly Co. LLC in its successful prepackaged chapter 11 proceeding. Hilex Poly Co. LLC is a leading manufacturer of plastic bags.
- Pegasus Satellite Television, Inc. – Representation of Pegasus Satellite Television, Inc. and its affiliated debtors in their chapter 11 proceedings. Pegasus was the largest independent distributor of DIRECTV services and ultimately sold its direct satellite business to DIRECTV during the chapter 11 cases in a section 363 sale.
- Heartland Publications, LLC – Representation of agent for prepetition senior, secured credit facility in prenegotiated chapter 11 proceeding for Heartland Publications, LLC. Heartland published approximately 50 publications consisting of community newspapers and specialty publications in medium and small sized markets.
- Adelphia Communications Corporation – Representation of noteholder group holding claims against Ft. Myers Acquisition Limited Partnership, an indirect subsidiary of Adelphia Communications Corporation, in connection with the chapter 11 proceedings of Adelphia and over 250 of its affiliates.
- Malden Mills Industries, Inc. – Representation of agent for DIP facility and prepetition senior secured credit facility in connection with the chapter 11 cases of Malden Mills Industries, Inc. and its affiliates. Malden Mills was the largest manufacturer of performance fabrics in North America, including the Polartec® global brand. Malden Mills’ assets were sold during the chapter 11 cases in a section 363 sale.
- American Commercial Lines LLC – Representation of the largest bondholder in the chapter 11 proceedings of American Commercial Lines LLC and certain of its affiliates. American Commercial Lines and its affiliates are among the largest providers of barge transportation and ancillary services in the world.
- Other Public Engagements - American Home Mortgage Corporation (client, loan repurchaser); The Flintkote Company (client, debtor); Union Acceptance Corporation (client, portfolio insurer)
Publications:
Fiduciary duties: Timing considerations in equitizing excess debt, published in Navigating Today’s Environment: The Directors and Officers’ Guide to Restructuring (co-author)