Sidley’s Restructuring group has wide-ranging experience representing virtually every type of major creditor constituency in in-court and out-of-court reorganizations and insolvencies. The lawyers in Sidley’s Restructuring group have represented lenders, noteholders, agents, family offices, steering committees, ad hoc committees, official noteholder and unsecured creditors’ committees, and official equity holder committees, in dealing with financially troubled companies in a wide range of industries, including energy, healthcare, real estate, entertainment, technology, manufacturing, and for-profit education.
Our lawyers have extensive experience with all aspects of the lending cycle, from negotiating capital structures and amendment and forbearance agreements to post-default enforcement, workout, and bankruptcy scenarios. In the bankruptcy/insolvency context, we represent clients in connection with rescue and bridge financing, debtor-in-possession (DIP) financing, use of cash collateral, adequate protection, asset sales, plans of reorganization, and other key issues. Whether we are pursuing resolution through negotiation or litigation, we are committed to maximizing recoveries, mitigating risks for our clients, and providing immediate and effective solutions to their recovery challenges.
Representing committees presents unique challenges which our lawyers are particularly adept at handling. In addition to possessing technical and strategic excellence, the lawyers in Sidley’s Restructuring group understand the value of consensus and work tirelessly with their committee clients to ensure that each opinion is heard while driving the group toward a unified approach to devising, deciding upon, and implementing a case specific strategy.
“The whole team is very solid. They work well together, get things done and are efficient in handling matters.”
Chambers Global 2022, Bankruptcy/Restructuring: The Elite (USA)