Financial Restructuring

King & Spalding represents a broad range of clients in Capability complex and high profile restructuring matters and in other situations involving financially distressed Lawyers businesses. We are regularly retained in bankruptcy Roger G. Schwartz cases pending throughout the United States, including New York cases presenting multi-jurisdictional and cross-border issues. Our practice focuses on representing Matthew Warren institutional lenders, alternative asset managers and Chicago other secured creditors, financially distressed borrowers/debtors, buyers of assets in connection with Michael Rupe (Mike) distressed M&A transactions, and parties in connection New York with insolvency-related litigation.

Working closely with our Finance, Private Equity, Sarah R. Borders Healthcare, Energy and Capital Markets teams, our Atlanta representations span a variety of industries, with particular emphasis on the retail, healthcare, energy, restaurant, hospitality, infrastructure, real estate, agriculture, W. Austin Jowers (Austin) Atlanta manufacturing, media and telecommunications sectors.

Financially distressed companies must be as efficient as possible when working to restructure or reorganize their businesses. Advance planning, liability management Recognition analysis and a coordinated approach among specialists and stakeholders are critical components to any successful Ranked Band 5 in New York reorganization. We have handled financial restructurings Bankruptcy/Restructuring on behalf of a variety of stakeholders, so we understand the CHAMBER USA 2020 varied perspectives, motivations and concerns from all sides of a transaction. Ranked Band 1 in Georgia Our secured lender clients (including ad hoc groups of Bankruptcy/Restructuring lenders) seek out the Financial Restructuring team to CHAMBER USA 2020 maximize their recoveries in connection with out-of-court workouts, formal in-court reorganizations, debtor-in- possession loans, Chapter 11 exit financings, and One individual notes that the prepackaged and pre-arranged Chapter 11 plans. Our “one team is "very well-connected, team” approach across practice areas allows us to provide a talented and versatile." seamless and comprehensive client representation. CHAMBERS USA 2020 We are regularly retained to represent financially distressed businesses in connection with workouts, restructurings or reorganizations, including portfolio company investments Clients view them as "the top held by private equity firms and hedge funds. By working restructuring firm in the with other lawyers in the firm’s Corporate, Finance and Atlanta market." Investments (CFI) practice area, we are able to offer legal CHAMBERS USA 2020 services throughout the lifecycle of a distressed company.

We frequently represent strategic and financial buyers of One interviewee reports: assets and businesses in Chapter 11 cases. We help our "King & Spalding is a well- clients identify opportunities and navigate the complexities respected law firm with a of these transactions by analyzing the circumstances and deep bench of creditor helping devise structures and approaches that maximize the clients." likelihood of a successful deal. CHAMBERS USA 2020 We also represent litigants in contested matters, adversary proceedings and other bankruptcy and insolvency litigation "There's a lot of creativity involving creditors’ rights, lender liability and alter ego there," comments another, liability. continuing: "They offer a Cases & Deals personal service." January 25, 2021 CHAMBERS USA 2020 The Imagine Group, LLC Restructures

December 1, 2020 Named a leading Tier 1 Aaron's Completes Spin-Off Transaction Bankruptcy practice.

September 1, 2020 CHAMBERS USA 2019 Nantahala Capital Management Wins Right To Trade Global Eagle Entertainment Stock Band 1 – Georgia – VIEW ALL Bankruptcy/Restructuring

CHAMBERS USA 2019 Insights ARTICLE September 1, 2021 Five bankruptcy lawyers are Not in My Court: Texas Bankruptcy Judge Dismisses NRA recognized as leading Bankruptcy Cases As Filed in Bad Faith individuals. CHAMBERS USA 2019 CLIENT ALERT August 25, 2021 "Trust the Force" Three of our bankruptcy lawyers are Fellows of the ARTICLE American College of June 21, 2021 Bankruptcy Keeping the Faith: Recent Dismissals for Bad Faith THE AMERICAN COLLEGE VIEW ALL OF BANKRUPTCY

Events One of the most active SPEAKING ENGAGEMENT bankruptcy law firms based October 21, 2021 on representations in active Thad Wilson to Speak on Financial Poise Webinar About cases. Bad Debtor THE DEAL SPEAKING ENGAGEMENT September 23, 2021 Thad Wilson to Speak on Financial Poise Webinar About "They are top-notch. They Buying Distressed Assets, Claims, and Securities are responsive, bring substantial resources, and SPEAKING ENGAGEMENT analyze the issues August 12, 2021 thoroughly and quickly." Thad Wilson to Speak on Financial Poise Webinar About Business in Trouble CHAMBERS USA 2019

VIEW ALL "They do an excellent job, News they are very practical and pragmatic." RECOGNITION September 15, 2021 CHAMBERS USA 2019 Yahoo Finance UK and INvolve Name Sarah Primrose to HERoes Future Female Leaders List Clients praise the "breadth RECOGNITION and expertise" the firm September 13, 2021 offers. Atlanta Business Chronicle Names Thad Wilson to its 40 CHAMBERS USA 2019 Under Forty List

IN THE NEWS Finalist for Team of the Year: May 25, 2021 Restructuring and Insolvency Timothy Hoffmann discusses the pace of bankruptcies this and Deal of the Year: year Restructuring and Insolvency VIEW ALL (Nine West Restructuring) IFLR1000 US 2020 AWARDS