Restructuring

We have been providing companies, creditors, and other key stakeholders with clear, careful advice in complex restructuring situations for more than 35 years. We reject the bifurcation of investment banking and advisory services, and we do both. There is little to be gained in that functional division, apart from the doubling of revenues for professionals and costs for debtors and creditors.

DETAILED CASE STUDIES

ADVISOR TO:

OSG operated a fleet of over 100 tankers and was the largest shipping company to have both U.S. and international operations. Chilmark was retained to advise the company as it confronted a $1.5 billion maturity during a cyclical low in the tanker industry.

ADVISOR TO:

As one of the Big Three automotive manufacturers, Chrysler obtained emergency loans from the federal government’s Troubled Asset Relief Program. We served as financial advisor to the agent for the company’s $6.8 billion senior secured credit facility.

We provide comprehensive restructuring services in each of our engagements, including:

Investment banking services:

  • Conducting business diligence
  • Providing strategic and financial advice
  • Negotiating with creditors and stakeholders
  • Raising new capital, including DIP loans and exit financing
  • Executing M&A, including the sale of non-core assets

Restructuring advisory services:

  • Forecasting cash flows
  • Estimating and reconciling claims
  • Preparing bankruptcy-related filings and financial disclosures
  • Providing expert testimony in contested matters

Selected Restructuring Transactions

FINANCIAL ADVISOR
TO SECURED LENDERS

$1.9 Billion

Debt Restructuring

FINANCIAL ADVISOR
TO ZYMERGEN

$35 Million

CHAPTER 11 SALE AND LIQUIDATION

Financial Advisor to the Federal Reserve as Secured Lender

$500 Million

CHAPTER 11 LIQUIDATION

FINANCIAL ADVISOR
TO SECURED LENDERS

$1.1 Billion

Debt Restructuring

INVESTMENT BANKER AND
FINANCIAL ADVISOR TO IN-SHAPE

$70 Million

CHAPTER 11 SALE

FINANCIAL ADVISOR TO SPECIAL COMMITTEE OF GULFPORT DIRECTORS

$2.2 Billion

Chapter 11 Restructuring

FINANCIAL ADVISOR TO
SECURED LENDERS

$3.1 Billion

Chapter 11 Restructuring

INDEPENDENT DIRECTOR OF GEOFFREY HOLDINGS, LLC AND GEOFFREY, LLC

$5.265 Billion

CHAPTER 11 LIQUIDATION

FINANCIAL ADVISOR
TO SENIOR LENDERS

$60 Million

Debt Restructuring

FINANCIAL ADVISOR
TO OSG

$2.6 Billion

Chapter 11 Restructuring

FINANCIAL ADVISOR
TO SECURED LENDERS

$8.7 Billion

Chapter 11 Restructuring

FINANCIAL ADVISOR
TO U.S. DEBTORS

$4.5 Billion

CHAPTER 11 LIQUIDATION

FINANCIAL ADVISOR
TO SUPERMEDIA

$3.2 Billion

Chapter 11 AND MERGER

FINANCIAL ADVISOR
TO SEATTLE TIMES

$80 Million

DEBT Restructuring

FINANCIAL ADVISOR
TO SECURED LENDERS

$6.8 Billion

CHAPTER 11 SALE

FINANCIAL ADVISOR
TO SECURED LENDERS

$1.2 Billion

CHAPTER 11 SALE

FINANCIAL ADVISOR
TO BETTENCOURT DAIRY

$325 Million

DEBT Restructuring

FINANCIAL ADVISOR 
TO COVANTA

$4 Billion

Chapter 11 Sale

FINANCIAL ADVISOR
TO TRINITY COAL

$370 Million

DEBT RESTRUCTURING

FINANCIAL ADVISOR 
TO SECURED LENDERS

$215 Million

Chapter 11 Restructuring

FINANCIAL ADVISOR
TO SECURED LENDERS

$490 Million

Chapter 11 Restructuring

FINANCIAL ADVISOR
TO SECURED LENDERS

$450 Million

CHAPTER 11 LIQUIDATION

FINANCIAL ADVISOR 
TO LODGIAN

$900 Million

Chapter 11 Restructuring

FINANCIAL ADVISOR TO
SECURED LENDERS

$300 Million

Debt Restructuring