Creditors Committee / Ad-Hoc Committee

• Nortel Networks – represented Unsecured Creditors Committee, lead creditor negotiator in three 363 sales resulting in $3.25 billion of sales proceeds.
• Forum Group – represented unsecured creditors in bankruptcy of this senior residential real estate developer.
• Triangle Pacific – represented unsecured creditors in the recapitalization of this building products supplier.
• Frictionless World – Financial advisor to the unsecured creditors committee of privately-held hand power tools distributor. The committee and the arbitration creditors confirmed a creditor plan.
• (Ongoing confidential matter) Forensics consultant to the Ad-Hoc Committee of several hundred investors of a failed investment scheme with operations in the U.K., Southeast Asia and Australia.

Debtor / Company-Side 

• (Confidential) Financial advisor (sell-side) to a sleep diagnostic and DME company owned by a large healthcare network. Advised on the successful confidential sale of the sleep business.
• Indalex – represented in bankruptcy, negotiated DIP financing subject to closing 363 sale in 100 days, successfully sold to its largest competitor, Sapa, which fully repaid banks.
• Stratus Technologies – structured and negotiated comprehensive recapitalization involving refinancing revolver and first lien term loan and amending and extending 100% of the second lien term loan.
• The Newark Group – negotiated prepackaged bankruptcy that involved converting unsecured debt into equity and negotiating replacement DIP to exit financing for both the ABL revolver and secured term loan.
• Acindar – negotiated comprehensive debt restructuring of Argentine steel company with an international lender group.
• American Tire Distributors – negotiated a recapitalization which included a tender for public notes at a discount funded by major vendors and the sponsor.
• Anacomp – negotiated prearranged bankruptcy. Represented the company in its first bankruptcy while at another former firm.
• Bestel – negotiated the repurchase of public notes at a significant discount for this Mexican long distance fiber company.
• Colorado Prime – negotiated an out-of-court restructuring with bank lenders and public noteholders.
• DeCrane Aircraft – negotiated a restructuring of public notes and preferred stock that significantly reduced cash interest payments and preferred dividend accretion.
• Footstar – represented this retailer in bankruptcy including the 363 sale of the FootAction retail chain.
• Genesis Health Ventures – represented sister company, Multicare, in a joint bankruptcy that resulted in restructuring and merging the two companies.
• Harborside Healthcare – negotiated an out-of-court restructuring of its public notes.
• Internet Capital Group – negotiated the repurchase of public notes at a significant discount.
• J.Crew – negotiated the restructuring of holding company discount notes prior to cash interest payments commencing.
• Maxcom Telefonia – negotiated comprehensive recapitalization of this Mexican local telephone provider.
• Mississippi Chemical – negotiated a restructuring of its credit facility.
• Port Adventura – assisted NBC Universal in renegotiating its investment in a troubled Spanish theme park.
• Simmonds Industries – negotiated an out-of-court restructuring of its public notes and the acquisition of International Knife and Saw, another troubled competitor.
• Transwitch – tender offer for public notes at a significant discount.
• FPL Group – negotiated financial settlement to terminate power purchase agreement with noteholders of bankrupt recycled waste power plant.
• Gorges/Quick-to-Fix Foods – negotiated a tender for public notes at a significant discount.
• I.C.H. – represented the company in the 363 sale of its principal asset, Southwestern Life.
• Innovative Clinical Solutions – negotiated prepackage bankruptcy for this pharmaceutical testing company.
• Machala Group – negotiated a scheme of arrangement to repurchase public notes at a discount and recapitalize this Jamaican conglomerate.
• Northfield / Ponderosa Fibres – negotiated prearranged bankruptcies for two recycled pulp mill with separate creditor groups.
• Petroleum Heat & Power (Star Gas) – negotiated the repurchase of public notes and preferred stock at a discount in order to recapitalize Petro into Star Gas.
• Phar-Mor – represented the company in bankruptcy.
• Scott Cable – negotiated prepackaged bankruptcy and exit financing.
• The Southland Corporation – represented the company in one of the earliest prepackaged bankruptcies.
• Wang Laboratories – represented the company in bankruptcy and negotiated preferred stock exit financing.

Financing 

• Amtrol – arranged credit facility to finance bankruptcy exit.
• Aspen Technology – negotiated restructuring of existing preferred stock in connection with raising new preferred stock to recapitalize the company.
• Autocam – financed an out-of-court recapitalization.
• Boston Generating – financed an out-of-court recapitalization.
• Exide Technology – ABL and covenant lite term loan financing to eliminate potential covenant defaults.
• Ferro – delayed draw term loan financing to backstop note redemptions due to reporting default and subsequent convertible note offering to refinance near term note maturity.
• Gate Gourmet – financed an out-of-court recapitalization.
• Meridian Automotive Systems – structured and provided DIP financing.
• Safety-Kleen – refinanced the Company’s bankruptcy exit facility and subsequent refinancing.
• Anacomp – negotiated new credit facility to refinance the pre-petition banks after emergence from bankruptcy.
• Belden & Blake – negotiated new credit facility which allowed development to continue for this natural gas producer.
• Foamex – series of high yield financings and initial public offering.
• Forstmann – series of senior secured note financings to refinance credit facilities.
• Interlake – series of high yield financings to refinance credit facilities.
• Merisel – negotiated a significant private equity investment to recapitalize this software reseller.
• Nu-West Industries – negotiated terms of third party investment to recapitalized this fertilizer company.
• Reeves Industries – second lien rescue financing.
• Petroleum Heat & Power – series of high yield and preferred stock financings to fund acquisitions.
• Star Gas – initial public offering of propane distributor master limited partnership
• Sullivan Graphics – solicited and negotiated terms of equity investment to recapitalize this commercial printer.

• Co-Chair of the Social Services Committee, Board Member, Harvard Business School Club of New York Community Partners. Community Partners provides pro bono consulting projects for New York area nonprofits.
  • Family Services of Westchester – Strategic Plan
  • YWCA White Plains & Central Westchester – Strategic Plan
  • El Centro Hispano – Strategic Plan
  • The Carver Center – Strategic Plan
  • Youth, INC – Strategic Planning Program
  • The Hunger Project – Corporate Partnerships
  • NY/NJ Super Bowl Host Committee – Marketing Brainstorming
  • SPRYE – Aging In Place Brainstrorming

Academic

• MBA, Finance, Harvard Business School
• BS, Operations Research, Columbia University
• BA, Mathematics & Physics, Whitman College