Representation: $1.4+ Billion Loan Restructuring – Spectrum Brands, Inc.

By August 27, 2009Uncategorized

Participating Attorneys: Albergotti, Robert D., Ottmers, W. Abigail, Terry, Eric
Services: Bankruptcy and Business Restructuring, Indenture Trustees, Successor Trustees and Secured Creditors, Bankruptcy and Insolvency Litigation
February 2009

Description: Represents the administrative agent in connection with the restructuring of the term loans provided to a global multi-product conglomerate company, including the collateralization thereof and the coordination with the other creditor constituencies in the Chapter 11 bankruptcy case.

Tri-Union Development Corporation – Chapter 11
Representation of an operating oil and gas exploration debtor company in reorganizing its secured, unsecured and governmental obligations associated with the operation of onshore and offshore oil and gas properties. Included in the representation was an analysis of hedged positions for the sale of physical oil and gas production in a rising market, the restructuring of significant second lien secured bond indebtedness held under trust indenture, and the negotiation and resolution of substantial onshore and offshore plugging and abandonment and environmental obligations owed to state and federal authorities. Included in the proceeding was litigation over payment of royalty claims, litigation concerning the design and resolution of decommissioning obligations for offshore platforms and wells, and litigation with co-owners and other parties in interest over continuation of oil and gas leases and farm out agreements. Reported decision in the case addressing satisfaction of offshore well obligations:In re Tri-Union Dev. Corp., 314 B.R. 611 (Bankr. S.D. Tex. 2004) and In re Tri-Union Dev. Corp., 349 B.R. 145 (Bankr. S.D. Tex. 2006)