Frac Diamond Aggregates LLC
Represented Spectrum Origination LLC in its capacity as administrative agent and lender under a $30.8 million credit facility for Frac Diamond Aggregates LLC and Alliance Consulting Group, LLC . FDA used the proceeds of the credit facility to acquire a 1,700-acre sand mine and related assets from the debtor, free and clear of all liens, claims, interests and other encumbrances, pursuant to 11 U.S.C. §§ 105 and 363. ACG used the proceeds of the facility for the construction of a related sand drying and storage facility. The facility was secured by the sand mine, drying facility, and related assets, including the borrowers’ rights under certain storage and supply agreements, construction agreements, and other project documents.
Gulfstream Crane, LLC Chapter 11
Representation of private equity firm in the Chapter 11 case Gulfstream Crane, LLC in the Southern District of Florida. The private equity firm, through a wholly owned subsidiary, acquired Gulfstream’s business and certain principle assets as the plan sponsor of Gulfstream’s plan of reorganization for consideration of approximately $40 million. Confirmation of the plan was difficult and complex. Gulfstream’s secured debt exceeded $80 million and was held by twelve different purchase money secured lenders that each held purchase money secured liens on specific Gulfstream cranes and other equipment. The firm assisted the private equity firm in its negotiations with Gulfstream, the twelve secured creditors, and the committee to acquire the necessary support to confirm the plan over the objections to confirmation lodged by the opposing members.
Debtor in Possession Representation - Airbase Services
Represented the Debtor, a leading independent provider of outsourced maintenance repair and overhaul services for non-flight critical onboard equipment to airlines of all sizes in the United States, Canada, and the United Kingdom.
Chapter 11 for Entertainment Company
Represented the trustee in connection with the liquidation of this international operator and franchisor of entertainment centers. The case involved extensive tracing of assets in foreign jurisdictions and significant litigation against accountants, officers and directors. There were numerous appeals and the case took nearly 10 years to complete.
Prime Succession, Inc.
Represented this major mortuary and death care provider in its successful pre-negotiated Chapter 11 case in Fort Lauderdale, Florida.
Debt Restructure and Collections
Represented Southwest Savings Association, Bonnet Resources, Amresco, and Sunbelt Savings Association in connection with the collection of hundreds of loans including, real property foreclosures, personal property foreclosures, litigation, demands for payment, restructurings, and bankruptcies. These loans covered all industries and involved many novel factual and legal issues.
Representation of Creditors’ Committee - Reliant Building Products
Represented the Creditors’ Committee in the Chapter 11 case of this manufacturer of home building products, principally windows and doors.
Bankruptcy Case - Real Estate Company
We served as the trustee for and counsel for the trustee in the bankruptcy of this real estate development firm that had in excess of $50 million in real estate holdings in five states.
Camp Cooley, Ltd.
Representation of lender in the complex Chapter 11 case Camp Cooley, Ltd in the Western District of Texas. The case required the firm to litigate disputed complex issues involving producing and nonproducing minerals, federal and state wetlands and mitigation banking regulations, surface and underground water regulations, timber rights, and operations and valuation disputes involving Camp Cooley’s cattle, genetics, and hay production operations. The lender’s claim against Camp Cooley exceeded $25 million secured by Camp Cooley’s real estate and minerals assets. After a six-day confirmation trial, the firm successfully blocked confirmation of Camp Cooley's proposed plan of reorganization over the lender's objection. Thereafter, the firm negotiated a global settlement on behalf of the lender with Camp Cooley and a second secured creditor that provided for the orderly liquidation of the Camp Cooley assets through a Section 363 sale process.
Moll Industries, Inc.
Representation of the agent for the secured lenders in the Chapter 11 case of this plastics injection molding company pending in Delaware, including the negotiation of the use of cash collateral and the sale of a substantial portion of the debtors' business. The lenders are owed in excess of $70 million.
Represent the secured lenders and DIP lenders in the Chapter 11 case of this plastic injection molding company pending in Canton, Ohio. The secured lenders and DIP lenders are owed approximately $165 million.
Bankruptcy Case - Retail
Represented the largest secured and unsecured creditors in the bankruptcy cases of one of North America's and Mexico's leading retail home decor companies.
CrossPoint Energy Company
Represented oil and gas production and exploration company and its subsidiaries in their Chapter 11 proceedings in Dallas, Texas. Obtained confirmation of a plan of reorganization for the debtor.