Press Release

Kirkland Represents Lenders on $2.2 Billion Restructuring of Danaos Corporation

Kirkland & Ellis represented a committee of secured lenders to Danaos Corporation (NYSE:DAC), one of the world's largest independent owners of container ships, headquartered in Greece, in relation to its financial restructuring. 

On 13 August 2018 Danaos announced it had reached a consensual agreement with its creditors to restructure $2.2 billion of its liabilities to reduce its total debt by $551 million.

The Kirkland team comprised restructuring partners Kon Asimacopoulos and Stephen Hessler, restructuring associates Justin Bernbrock and Hannah Crawford, and debt finance partner Ben Myers.