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 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