Mark Dendinger is a financial restructuring partner focusing on all aspects of corporate restructuring, bankruptcy and insolvency proceedings. He represents corporate debtors, senior and junior secured creditors, unsecured creditors and private equity sponsors, negotiating out-of-court workouts, and leading in-court Chapter 11 bankruptcy cases with total enterprise values ranging from $20 million to over $1 billion. He has extensive experience negotiating reorganization plans, structuring high risk “rescue financings” and Chapter 11 “DIP” and “Exit” financings, and representing buyers and sellers of financially distressed companies. Mark has experience across a wide array of industries, most recently with companies in energy, shipping, consumer goods and financial services in the U.S. He also represents clients in multi-jurisdictional and cross-border matters.
Prior to practicing law, Mark spent seven years as an investment professional at a private equity investment firm specializing in secondary market transactions, with funds capitalized at more than $15 billion, which brings an intrinsic business sense to his practice.
Recent Notable Matters
Venoco, Inc. — Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware to restructure their debt obligations and capital structure and its affiliates Denver Parent Corporation, TexCal Energy (LP) LLC, Whittier Pipeline Corporation, TexCal Energy (GP) LLC, Ellwood Pipeline, Inc., and TexCal Energy South Texas, L.P.
Optim Energy LLC — Chapter 11 proceedings, including the $126 million sale in a bankruptcy auction of the 305 MW coal-fired Twin Oaks Plant to a unit of Blackstone Group LP and the confirmation of a plan of reorganization for its other operational power plants
Marco Polo Seatrade, B.V. — Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of New York
Energy & Exploration Partners, LLC — Chapter 11 bankruptcy cases in the U.S. Bankruptcy Court for the Northern District of Texas
Ad hoc group of second lien noteholders — Chapter 11 case of Ahern Rentals, Inc. in the U.S. Bankruptcy Court for the District of Nevada; recognized by The M&A Advisor with a Turnaround Award as the Restructuring Deal of the Year (over $500 million to $1 billion) in 2014
Canadian media conglomerate — Chapter 15 and Chapter 7 cases in the U.S. Bankruptcy Court for the Southern District of New York
First lien lender group — out-of-court restructuring of an oil exploration and production company headquartered in Texas
Ad hoc group of second lien noteholders — Chapter 11 cases of Trico Marine Services in the U.S. Bankruptcy Court for the District of Delaware
Ad hoc group of senior and subordinated bondholders — receivership of Washington Mutual Bank
Ad hoc group of noteholders — restructuring discussions with YRC Worldwide Inc., bondholder of Griffin Coal, an Australian coal mining company, that also provided debtor in possession financing to the company in voluntary administration proceedings in Australia
Publications and Speeches
“The Good, the Bad, and the Ugly of Shipping Chapter 11s,” Marine Money International, October/November 2016.
“Losing Momentive: A Roadmap to Higher Cramdown Interest Rates,” Harvard Business Law Review, June 15, 2015.
“To (Credit) Bid Or Not To (Credit) Bid, That Is The Question,” INSOL International Electronic Newsletter, August 2014.
“Shipping Chapter 11s: Safe Harbor or Rough Seas? (Continued),” INSOL International Technical Papers Series,Issue No. 30, August 2014.
“Shipping Chapter 11s: Safe Harbor or Rough Seas?,” INSOL International Electronic Newsletter, October 2013.
“Bankruptcy Considerations for the Transaction Attorney,” American College of Investment Counsel Annual Meeting and Education Conference, October 10, 2013.