Lender & Creditor Representations
Vinson & Elkins’ nationally ranked Restructuring & Reorganization team is known for our skillful representation of syndicated bank groups, secured and unsecured noteholders, and alternative lenders, both in- and out-of-court, in complex and high-profile matters across the country.
Our clients – some of the biggest name banks, alternative lenders, asset managers, and hedge funds in the world – rely on us to help maximize returns, structure and optimally protect their investments, and, when necessary, steer them through workouts and chapter 11 cases.
Our team works effectively under stressed circumstances, maximizing efficiency for our clients by capitalizing on the firm’s global presence and talented bench of attorneys. We leverage cross-office teams to address complex legal issues across relevant disciplines, including finance, corporate, capital markets, litigation, and tax.
Experience Highlights
Wells Fargo Bank as Administrative Agent, DIP Agent, and Exit Facility Agent in Oasis Petroleum’s restructuring and prepackaged chapter 11 bankruptcy cases, including a $450 million DIP financing and $575 million exit financing
JP Morgan Chase as Administrative Agent, DIP Agent, and Exit Facility Agent of a $615 million credit facility in Denbury Resources’ restructuring and prepackaged chapter 11 bankruptcy
An ad hoc group first lien term lenders, as co-counsel, in the chapter 11 cases of Neiman Marcus Group LTD, LLC filed in Houston, Texas
Royal Bank of Canada as administrative agent and collateral agent under Martin Midstream Partners’ RBL credit facility which facilitated the completion of an exchange offer and consent solicitation and related cash tender offer
Monroe Capital Management Advisors as secured lender and DIP lender of a $55 million credit facility to Little River Healthcare System in its chapter 11 bankruptcy case and subsequent chapter 7 bankruptcy case
An ad hoc term loan lender group in the prepackaged chapter 11 bankruptcy cases of MD America Energy
Riverstone Credit Partners as administrative agent and lender on behalf of a syndicate of lenders under a $410 million term loan facility in the restructuring of MTE Holdings and its subsequent chapter 11 cases and related litigation; engagement evolved to representation in connection with acquisition of debtor’s assets by lender affiliate pursuant to a chapter 11 plan
An ad hoc group of lenders holding approximately $175 million in senior secured term debt in the prepackaged chapter 11 cases of Pioneer Energy Services Inc.
Mercuria Energy in its capacity as lender, noteholder, and equity holder in connection with Arsenal Energy’s recapitalization and chapter 11 case, including the conversion of $861 million in debt to equity through a plan confirmed in the first nine days of the chapter 11 case filed in Delaware
Blackstone Energy Partners L.P. and its portfolio company, Gavilan Resources, LLC, in an ongoing dispute with joint venture partner Sanchez Energy Corporation under their joint development agreement and in connection with Sanchez Energy Corporation’s chapter 11 cases
JPMorgan Chase Bank as administrative agent, DIP and exit facility lender in the chapter 11 bankruptcy reorganization sale of Tuesday Morning Corporation, a national retail chain
TPG Sixth Street in the refinancing of Northern Oil & Gas, Inc.’s first lien credit facility and subsequent uptier exchange offer of unsecured notes
An ad hoc group of convertible noteholders in the prepackaged chapter 11 case of Global Brokerage, Inc.
JPMorgan Chase Bank in the chapter 11 case of Chaparral Energy, an oil and natural gas exploration and production company, filed in Delaware