Frontier Communications Corporation — Representing Frontier Communications Corporation in various strategic financings, including the issuance of $1.6 billion in new second lien secured notes and a $240 million add-on term loan facility, as well as other matters.
Parker Drilling Company — Representing Parker Drilling Company and certain of its affiliates in connection with their prearranged Chapter 11 restructuring in the United States Bankruptcy Court for the Southern District of Texas. Parker is a leading international provider of contract drilling and drilling-related services and rental tools. Parker, together with its non-debtor affiliates, has operations in approximately 19 countries worldwide and employs over 2,400 employees. Parker’s prearranged plan of reorganization carries broad stakeholder support and proposes to reduce Parker’s funded-debt obligations by approximately $375 million and provide Parker with $95 million in fully-committed new equity capital upon emergence from Chapter 11.
PES Holdings, LLC — Representing PES Holdings, LLC in its prepackaged Chapter 11 restructuring in the United States Bankruptcy Court for the District of Delaware. Headquartered in Philadelphia, PES owns and operates the largest oil refining complex on the U.S. Eastern seaboard. The refining complex, which spans 1,300 acres and has capacity to refine 335,000 barrels of crude oil per day, has been in continuous operation since the 1860s. PES’s prepackaged plan of reorganization carries universal stakeholder support and commitments for over $260 million of new capital, and will provide PES with substantially reduced debt service obligations upon emergence. PES obtained confirmation of its plan in March 2018.
Energy Future Holdings Corp. — Representing Energy Future Holdings Corp. and its affiliates (collectively, "EFH") in their Chapter 11 cases pending in the U.S. Bankruptcy Court for the District of Delaware. EFH — the largest generator, distributor and certified retail provider of electricity in Texas — is the product of the largest leveraged buy-out in history. With over $49 billion in liabilities and $36 billion in assets, EFH's Chapter 11 case is the largest operating Chapter 11 case ever filed in Delaware and one of the largest Chapter 11 cases filed in history.
