02/07/2019 | News release | Distributed by Public on 02/11/2019 14:07
The Paul, Weiss Bankruptcy & Corporate Reorganization Departmentserves as a critical advisor in almost every major, complex restructuring matter, helping companies, creditors and investors facing rapid market transformation respond to business challenges with comprehensive and innovative strategies. Diversity of matters and clients, senior-level attention and seamless delivery of multidisciplinary services distinguish the practice.
Paul, Weiss advised an ad hoc group of prepetition second lien lenders in connection with the chapter 11 cases of FULLBEAUTY Brands Holdings Corp. and certain affiliates. The firm advised the group on all aspects of the company's reorganization, which restructured more than $1.2 billion of prepetition debt through a prepackaged plan of reorganization that was approved by the United States Bankruptcy Court for the Southern District of New York less than 24 hours after the company filed for chapter 11 protection, setting the record for the fastest chapter 11 case ever. The company emerged from chapter 11.
The Paul, Weiss team included bankruptcy partners Paul Basta and Elizabeth McColm; corporate partners Lawrence Wee and David Huntington and counsel Austin Witt; litigation partner Walter Rieman; and tax partner Scott Sontag.February 7, 2019