Lara Luo is a restructuring associate in the New York office of Kirkland & Ellis LLP.
California Pizza Kitchen, Inc.: Representation of California Pizza Kitchen, Inc. and its affiliates in their prearranged Chapter 11 restructuring in the United States Bankruptcy Court for the Southern District of Texas. CPK is an iconic brand that specializes in California-style pizza with over 200 locations in the U.S. and internationally. CPK’s prearranged plan of reorganization carries broad stakeholder support and contemplates the equitization of the lion’s share of its first lien debt. CPK is seeking to emerge from Chapter 11 in Fall 2020.
Salt Creek Midstream: Representation of Salt Creek Midstream, a full-service midstream provider headquartered in Houston, in a comprehensive out-of-court recapitalization that equitized certain existing debt and brought in new investment from its existing lender groups and funds managed by Ares Management.
Macy’s, Inc.: Representation of Macy’s, Inc. in connection with its recent $4 billion financing in response to impacts of the COVID-19 global pandemic. The transactions consist of a $2.8 billion ABL Facility and an additional $300 million bridge commitment secured by Macy’s inventory, and $1.3 billion bond offering secured by the company’s top mall assets and distribution centers. The proceeds of the financing will help Macy’s retire certain of its upcoming debt maturities and fund operations during the crisis.
Hornbeck Offshore Services, Inc.: Representation of Hornbeck Offshore Services, Inc. and its affiliates, in its Chapter 11 restructuring in the U.S. Bankruptcy Court for the Southern District of Texas. Hornbeck provides marine transportation and subsea installation services to support the deep water drilling and production needs of their exploration and production, oilfield service, offshore construction, and U.S. military customers. The Hornbeck Chapter 11 cases were filed with a prepackaged plan of reorganization that contemplates a $75 million in debtor-in-possession (DIP) financing and a fully backstopped $100 million rights offering.
Ultra Petroleum Corp.: Representation of Ultra Petroleum Corp. and its affiliates in their comprehensive deleveraging and balance-sheet restructuring, accomplished through prepackaged Chapter 11 cases filed in the U.S. Bankruptcy Court for the Southern District of Texas and a parallel Canadian recognition proceeding filed in the Supreme Court of Yukon in 2020. Ultra is one of the largest oil and natural gas exploration and production companies in Wyoming.
Neiman Marcus Group LTD LLC: Representation of Neiman Marcus Group LTD LLC and 23 of its affiliates in their pre-arranged Chapter 11 cases. Neiman Marcus Group brands include Neiman Marcus, Bergdorf Goodman, Horchow, and Last Call. Neiman Marcus Group employs more than 13,000 people and operates 67 stores, in addition to a substantial e-commerce business. With approximately $5.3 billion in debt, Neiman Marcus Group entered bankruptcy with a Restructuring Support Agreement that carries broad stakeholder support and would slash approximately $4 billion from the company’s balance sheet.
Sheridan Holding Company I, LLC: Representation of Sheridan Holding Company I, LLC and certain affiliates in the first one-day Chapter 11 case in Texas history in the U.S. Bankruptcy Court for the Southern District of Texas. Due to the coronavirus pandemic, Sheridan I obtained confirmation of its prepackaged Chapter 11 plan of reorganization by video conference on March 24, 2020, one day after Sheridan I filed for Chapter 11. Headquartered in Houston, Texas, Sheridan I is the first of three series of Sheridan oil and natural gas investment funds. Sheridan I’s prepackaged equitization restructuring eliminated approximately $470 million of funded debt and left general unsecured creditors unimpaired.
Sheridan Holding Company II, LLC: Representation of Sheridan Holding Company II, LLC, and certain affiliates in their prepackaged Chapter 11 restructuring in the U.S. Bankruptcy Court for the Southern District of Texas. Sheridan II is the second of three series of Sheridan oil and natural gas investment funds. Sheridan II’s prepackaged restructuring addressed over $1.1 billion of funded debt obligations through an equitization which had near universal creditor support and left general unsecured creditors unimpaired.
Admissions & Qualifications
New York University School of LawJ.D.cum laude2019