Timothy Bow

Real Estate

• Represented Ares Real Estate Funds, in partnership with The Scion Group, on the $435 million acquisition of a four-community housing portfolio from SCHENK+.
• Represented Yondr Group in a joint venture with Cerberus Capital Management to acquire and develop a data center and related infrastructure in Manassas, Virginia.
• Represented Ares Management, through an Ares Real Estate fund, on a series of joint ventures with The Scion Group to acquire two student housing portfolios from Harrison Street Asset Management, comprising 12 properties across 10 states with an approximate aggregate value of $910 million. The acquisition was financed in part by two mortgage loans totaling $620 million.
• Represented Blue Owl in $1.4 billion joint venture with Cedar Investment Group and American Real Estate Partners for the development of a 100-MW AI/high-performance computing data center in Northern Virginia leased to a hyperscaler.
• Represented CyrusOne on a $7.9 billion U.S. warehouse facility and $1.8 billion revolving credit facility, bringing the total debt capital raised to approximately $9.7 billion.
• Represented a real estate operating company and investment manager focused on the development and acquisition of industrial properties in the U.S. and Europe, in a comprehensive reorganization of its company structure that created separate platforms for its fee-based management services and real estate equity holdings.
• Represented seller in the sale of equity interests in a portfolio of 89 hotel properties valued at over $1.1 billion.

Restructuring

• APC Automotive Technologies, LLC — Represented APC Automotive Technologies, LLC, a leading supplier of undercar replacement parts in the automotive aftermarket, in a successful out of court restructuring transaction that reduced APC’s debt through a consensual equitization of $125 million of junior debt and a $40 million capital infusion from APC’s equity sponsors and lenders.
• Vanguard Natural Resources Inc. — Represented Vanguard Natural Resources Inc. and its affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court of the Southern District of Texas. Vanguard is an independent exploration and production company focused on the production and development of oil and natural gas properties in the United States with operations in the Gulf Coast, Permian and Anadarko Basins. Vanguard had approximately $850 million in debt at the time of filing and obtained a commitment for a $130 million debtor-in-possession financing facility, which included $65 million in new money.
• Westmoreland Coal Company — Represented Westmoreland Coal Company and certain of its affiliates (collectively, “Westmoreland”) in their Chapter 11 proceedings before the U.S. Bankruptcy Court for the Southern District of Texas.  Westmoreland is the sixth largest North American coal producer, maintaining domestic coal operations in Montana, Wyoming, North Dakota, Texas, New Mexico, and Ohio, and Canadian coal operations in Alberta and Saskatchewan, and is headquartered in Englewood, Colorado.  At the time the cases were filed, Westmoreland had funded debt obligations of approximately $1.4 billion. Westmoreland is pursuing a sale of its mining operations and commenced its Chapter 11 cases with a restructuring support agreement entered into with a substantial majority of its key lender constituents.
• EXCO Resources, Inc. ― Represented EXCO Resources, Inc. in its Chapter 11 restructuring in the U.S. Bankruptcy Court for the Southern District of Texas. EXCO Resources, Inc. is an oil and natural gas exploration, exploitation, acquisition, development and production company headquartered in Dallas, Texas with principal operations in Texas, North Louisiana and the Appalachia region. EXCO listed approximately $1.4 billion of funded debt obligations at the time of filing.
• PaperWorks Industries, Inc. — Represented PaperWorks Industries, Inc. in its successful refinancing and out-of-court restructuring of approximately $387 million of funded indebtedness. Pursuant to the consensual restructuring, PaperWorks reduced its long-term indebtedness by approximately $275 million through a repayment of its revolving credit facility and an exchange of secured notes for new debt and common stock.  In addition, the company obtained a new $115 million credit facility (including $70 million of new capital).
• EV Energy Partners, L.P. — Represented EV Energy Partners, L.P., and certain affiliates in their prepackaged Chapter 11 restructuring in the U.S. Bankruptcy Court for the District of Delaware.  Headquartered in Houston, EVEP is a master limited partnership engaged in acquiring, producing and developing oil and natural gas properties with approximately $640 million in funded debt obligations at the time of filing.  Before filing for Chapter 11 to implement its restructuring, the company negotiated a restructuring support agreement with 100 percent of the lenders under its reserve-based revolving credit facility and holders of approximately 70 percent of its unsecured notes, locking in support for a comprehensive restructuring of the company’s balance sheet.
• GST Autoleather, Inc. — Represented GST Autoleather, Inc., a supplier of leather upholstery to nearly every major automaker, in its Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware.  The Company obtained a commitment from its senior secured lenders for a $40 million debtor-in-possession facility, the proceeds of which will be used to fund ongoing business operations while pursuing a court-supervised going concern sale. GST has operations in North America, China, South Korea, Europe, and South Africa. 
• Armstrong Energy, Inc. ― Represented Armstrong Energy, Inc. and certain of its affiliates, producers and marketers of thermal coal in the Illinois Basin, in their chapter 11 proceedings before the United States Bankruptcy Court for the Eastern District of Missouri.  At the time the cases were filed, Armstrong had funded debt of approximately $200 million of senior secured notes.   Armstrong and its affiliates commenced their chapter 11 cases with a restructuring support agreement and chapter 11 plan that had the support of a substantial portion of their secured noteholders, primary mineral rights provider, and equity sponsor, as well as a contemplated investor for purposes of consummating the plan.
• Sequa Corporation — Representation of Sequa Corporation in its successful refinancing and out-of-court restructuring of approximately $1.9 billion of funded indebtedness. Pursuant to the consensual restructuring, Sequa obtained a significant new money investment, its senior credit facilities were refinanced in full, and over 90 percent of its unsecured notes were exchanged for new convertible preferred equity.
• The Gymboree Corporation ― Represented The Gymboree Corporation and certain of its affiliates in connection with their prearranged Chapter 11 cases in the United States Bankruptcy Court for the Eastern District of Virginia.  Gymboree is one of the largest children’s apparel specialty retailers in North America, with widely recognized brands — Gymboree, Janie and Jack, and Crazy 8 — and approximately 1,300 stores worldwide.  Gymboree confirmed a Chapter 11 plan that restructured over $1.1 billion of indebtedness.
• Permian Holdings, Inc. ― Represented Texas-based Permian Holdings, Inc., the largest U.S. manufacturer of above-ground storage and processing tanks for the oil and natural gas exploration and production industry, in connection with its stakeholder negotiations and successful out-of-court recapitalization.
• Samson Resources Corporation ― Represented Samson Resources Corporation in its Chapter 11 restructuring in the United States Bankruptcy Court for the District of Delaware. Samson, a leading onshore oil and gas exploration and production company with headquarters in Tulsa, Oklahoma, held oil and gas assets primarily located in Colorado, Louisiana, North Dakota, Oklahoma, Texas and Wyoming. In Chapter 11, Samson successfully executed on six simultaneous asset sales during its restructuring, with an aggregate purchase price of $650 million, and negotiated a global settlement with its major stakeholders, resolving all open issues in its bankruptcy. Samson’s plan of reorganization deleveraged its balance sheet by approximately $4 billion and positioned Samson for future success after emergence.
• Sherwin Alumina Company, LLC — Represented Sherwin Alumina Company, LLC, a Texas Gulf Coast producer of aluminum oxide, or alumina, in its Chapter 11 restructuring in the United States Bankruptcy Court for the Southern District of Texas.
• Ultra Petroleum Corp. — Represented Ultra Petroleum Corp. (“Ultra”)—a publicly-traded, independent oil and natural gas exploration and production company—in its Chapter 11 restructuring in the United States Bankruptcy Court for the Southern District of Texas. Ultra has historically been one of the lowest-cost operators in the domestic oil and gas industry. Ultra’s principal assets are its Pinedale Field properties in Wyoming.
• Emerald Oil, Inc. — Represented Emerald Oil, Inc., a Denver-based independent exploration and production company focused on acquiring acreage and developing wells in North Dakota and Montana, in its Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware.

Associate (Corporate and Finance Transactions), Bryan Cave Leighton Paisner LLP

Associate (Restructuring), Kirkland & Ellis LLP