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Financial Restructuring

A Leading Firm for Restructuring

Bracewell is a nationally recognized firm for restructuring and bankruptcy matters. For decades, we have represented the interests of domestic and global clients in significant restructurings and bankruptcies across multiple industries. This experience is especially critical in today’s economic climate, given the proliferation of fraudulent transfer, fiduciary duty, lender liability, valuation disputes and other complex litigation issues. For this work, we have received various awards, as well as top rankings in Chambers USA, IFLR1000 and Legal 500 US.

Our team is particularly known for our experience in the energy and maritime sectors, including on behalf of oil and gas companies, international shipping groups, retail companies and power generation projects. We also advise corporate borrowers and debtors, private investment funds, financial institutions, commercial lenders and institutional investors in restructurings. For example, we recently represented Wells Fargo in connection with Chapter 11 reorganization of Diamond Offshore Drilling and the related exit financings, as well as in connection with the Alta Mesa/Kingfisher Chapter 11 bankruptcy cases and J. C. Penney Chapter 11 bankruptcy proceedings. We also represented GPIF Aspen Club in connection with the Chapter 11 bankruptcy cases filed by The Aspen Club and Aspen Club Redevelopment Company and Venoco in Chapter 11 proceedings.

Global Recognition for Excellence

Our restructuring team is highly regarded within the legal industry.

  • Chambers USA – Texas Bankruptcy/Restructuring
  • IFLR1000 – US Restructuring & Insolvency
  • Legal 500 US – Restructuring (Including Bankruptcy)
  • U.S. News – Best Lawyers – Houston Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (Tier 1)

Bracewell as an organization is very knowledgeable and professional in the field of bankruptcy law.
 

Chambers USA, 2021

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Market-Leading Engagements

We have broad experience on restructuring and bankruptcy matters.

  • Amegy Bank, as administrative agent for first lien lender group in the Chapter 11 proceedings of Torqued-Up Energy Services, Inc.
  • Crédit Agricole Corporate and Investment Bank, as agent to revolving debtor-in-possession (DIP) lenders, in the $2.8 billion financing facility in prepackaged Chapter 11 restructuring transaction for McDermott International – Restructuring Deal of the Year Finalist, 2021 IFLR Americas Awards
  • Eastern Outfitters, LLC as debtor in Chapter 11 proceedings resulting in the successful Section 363 sale of certain Bob’s Stores and Eastern Mountain Sports retail stores to SportsDirect.com Retail Ltd., the UK’s largest sporting goods retailer – Section 363 Sale of the Year ($100 Million to $250 Million), 2018 Turnaround Atlas Awards
  • Echo Energy Partners in a Chapter 11 US bankruptcy case in the Southern District of Texas, with a debtor-in-possession (DIP) financing approved for $8.5 million
  • Energy & Exploration Partners, LLC and its subsidiary debtors in Chapter 11 proceedings resulting in the restructuring of more than $1 billion of funded debt enabling the company to emerge from Chapter 11 with a deleveraged balance sheet and new financing to support future operations – Turnaround of the Year ($1 Billion to $2 Billion), 2017 Turnaround Atlas Awards
  • ENI Petroleum Co. Inc., as the joint venture partner of Quicksilver Resources in Quicksilver’s Chapter 11 proceedings
  • Equity owners in Chapter 11 proceedings of Excel Maritime, Ltd.
  • Prepetition secured lender and DIP lender in the Chapter 11 proceedings of EXCO Resources, Inc.