Patrick Venter

PATRICK VENTER focuses his practice on leading large private and public companies, creditors, and investors in capital structure, liquidity and strategic transactions, including liability management transactions, refinancings, mergers and acquisitions, out-of-court restructurings, and other complex restructuring transactions.

Prior to joining Sidley, Patrick was an attorney at another top global law firm where he coordinated highly complex transactions for companies across various industries.

Patrick received his J.D. from Boston College Law School, and his B.S. in business administration/economics from Villanova University School of Business. While attending law school, Patrick served as the managing editor of the Boston College Law Review.

Company Representations

• Represented Prospect Medical Holdings, Inc. (Prospect) and several of its subsidiaries in its Chapter 11 cases, which were confirmed in the United States Bankruptcy Court for the Northern District of Texas on December 12, 2025. With over US$2.3 billion in funded debt and a multi-state healthcare network, Prospect’s Chapter 11 cases were among the largest and most complex restructurings of 2025.
• Represented Velo3D, Inc. (OTCQX: VLDX) (Velo3D), a leader in scalable metal 3D printing technology, in connection with a debt-for-equity exchange transaction with Arrayed Notes acquisition Corp. (Arrayed). Upon closing of the transaction on December 24, 2024, approximately US$22.4 million (or 81.7%) in principal amount of Velo3D’s outstanding senior secured notes, plus accrued interest, was canceled in exchange for issuance of newly issued shares of Velo3D’s common stock to Arrayed.
• Represented Casa Systems (Casa) and certain of its affiliates, in their Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. Casa’s Chapter 11 filing culminated in the fully consensual, uncontested confirmation of its chapter 11 plan in just 65 days. The process resulted in the going-concern sales of the company’s 5G mobile core/RAN and cable businesses across multiple jurisdictions, a global settlement providing for recoveries to the company’s unsecured creditors, and the preservation of hundreds of jobs.
• Represented AppHarvest, Inc. (AppHarvest), a high-tech indoor farming company with over US$300 million in funded debt and lease obligations, culminating with the confirmation of its Chapter 11 plan in the United States Bankruptcy Court for the Southern District of Texas on September 14, 2023. AppHarvest’s Chapter 11 cases were completed in less than 60 days and resulted in the orderly sale of the company’s assets, including its four state-of-the-art greenhouse farm facilities, as well as broad releases for its directors and officers.
• Represented Frontier Communications Corporation (Frontier) and its 103 debtor subsidiaries in their pre-arranged Chapter 11 restructuring in the United States Bankruptcy Court for the Southern District of New York. With over US$17.5 billion in outstanding funded debt, Frontier’s Chapter 11 cases were among the largest filed in 2020. Frontier, together with its subsidiaries, have over 4 million customers and 18,000 employees across 29 states. The company’s pre-arranged plan, which was confirmed in approximately four months, effected a balance sheet restructuring that reduced the company’s outstanding funded debt by over US$10 billion, carried broad stakeholder support, and unimpaired all general unsecured creditors.
• Represented RGN-Group Holdings, LLC, and approximately 100 other debtor affiliates (collectively, Regus) in their Chapter 11 cases filed in the United States Bankruptcy Court for the District of Delaware. Regus offers a network of on-demand office and co-working spaces, and ancillary service and support, to a variety of clients across a host of industries in over 1,000 locations in the United States and Canada.
• Represented PES Holdings, LLC (PES) in its Chapter 11 cases initiated in July 2019, four weeks after a catastrophic explosion at PES’s Girard Point refining complex that resulted in a permanent shutdown of PES’s refining operations. Following this event, PES worked quickly to obtain access to US$100 million of new DIP financing from its term loan lenders and negotiated consensual cash collateral usage with its working capital lender to finance its Chapter 11 cases. In Chapter 11, PES pursued a competitive sale process for the refinery site and a claim under its US$1.25 billion property insurance policy. The process culminated in a US$225.5 million equity sale to Hilco Redevelopment Partners under a Chapter 11 plan. The Chapter 11 plan and sale were approved by the United States Bankruptcy Court for the District of Delaware in February 2020, less than 8 months after the catastrophic explosion.
• Represented Parker Drilling Company (Parker) and certain of its affiliates in connection with their pre-arranged Chapter 11 restructuring in the United States Bankruptcy Court for the Southern District of Texas. Parker is a leading international provider of contract drilling and drilling-related services and rental tools. Parker, together with its non-debtor affiliates, has operations in approximately 19 countries worldwide and employs over 2,400 employees. Parker’s pre-arranged plan of reorganization carries broad stakeholder support and proposes to reduce Parker’s funded-debt obligations by approximately US$375 million and provide Parker with US$95 million in fully committed new equity capital upon emergence from Chapter 11.
• Represented PES Holdings, LLC (PES) in its pre-packaged Chapter 11 restructuring in the United States Bankruptcy Court for the District of Delaware. Headquartered in Philadelphia, PES owned and operated the largest oil refining complex on the U.S. Eastern seaboard. The refining complex, which spans 1,300 acres and has capacity to refine 335,000 barrels of crude oil per day, was in continuous operation since the 1860s. PES’s pre-packaged plan of reorganization carried universal stakeholder support and commitments for over US$260 million of new capital, and provided PES with substantially reduced debt service obligations upon emergence. PES obtained confirmation of its plan in March 2018.
• Represented Energy Future Holdings Corp. and 70 of its affiliates (collectively, EFH) in their pre-arranged Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware.

Creditor and Investor Matters

• Various representations of ad hoc committees in refinancing, restructuring, and liability management transactions.
• Representing RenWave Kore, LLC in STG Logistics restructuring transaction.
• Represented Twin Star International, Inc., as the stalking horse bidder, in its purchase of substantially all the assets of Walker Edison Furniture Company, LLC in connection with Walker Edison’s Chapter 11 proceedings.
• Represented a consortium of bidders, in their stalking horse bid to purchase certain assets of a national restaurant franchisee, and its debtor affiliates through a Chapter 11 sale under Section 363 of the United States Bankruptcy Code. The restaurant franchisee, which operates more than 1,300 fast food restaurants across the United States, filed voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas in July 2020. Under the terms of the asset purchase agreement, which was approved by the Court in January 2021, the company consortium will acquire over 900 pizza restaurants, approximately half of its hamburger fast food locations, and substantially all of its shared services assets.
• Represented a pipeline and power line inspection service corporation and its subsidiaries in connection with its out-of-court restructuring.
• Numerous additional engagements for investors as potential capital providers or buyers of distressed companies.

Some of the above matters were handled prior to joining Sidley.

Patrick is the co-founder and vice chair of Leadership in Financial Education, a nonprofit that provides innovative and experiential workshop learning to New York City high school students.