EXPERIENCE

Candace’s broad experience includes representing:

Debtor/Company-Side Representation

• Steward Health Care System, the largest private, physician-owned for-profit healthcare network in the US, with over US$8 billion in debt obligations (US$7 billion of which is in long-term lease commitments), in its chapter 11 cases*
• AMC Entertainment Holdings, the largest movie exhibition company in the world, in its series of successful out-of-court restructuring, including various capital raising efforts that yielded over US$1.5 billion in cash and other liquidity improvements and reduced AMC’s debt load by more than US$550 million*
• Western Global Airlines, a contracted air cargo transportation and logistics services company with an aggregate principal amount of US$515 million in funded debt, in its chapter 11 cases*
• A leading independent entertainment company in connection with restructuring over US$700 million in funded debt through a consensual out-of-court recapitalization transaction*
• Emergent BioSolutions, Inc. in the refinancing of its debt and closing of a new credit facility agreement with Oak Hill Advisors* 
• Kabbage d/b/a KServicing, an online loan service provider for over US$7 billion of loans issued to small businesses under the Paycheck Protection Program, in its chapter 11 cases*
• J.Crew Group, a premier clothing retailer with about US$2 billion in funded debt and 13,000 employees, in its pre-arranged chapter 11 cases*
• Insys Therapeutics, a specialty pharmaceutical company facing hundreds of lawsuits related to the opioid crisis, in its chapter 11 cases (Insys was the first opioid manufacturer to file for chapter 11)*
• Sears Holdings, one of the largest retailers in the world with more than 68,000 employees and about US$6 billion in debt, in its chapter 11 cases*
• Odeon, Europe’s largest cinema operator and part of the AMC Entertainment Group, with implementing a capital solution involving refinancing its European business*
• Southeastern Grocers, the US’ fifth-largest supermarket chain with more than 40,000 employees and US$1billion in debt, in its prepackaged chapter 11 cases*
• J.Crew Group in both its cutting-edge out-of-court workout involving intellectual property and subsequent pre-arranged chapter 11 cases restructuring about US$2 billion in funded debt*
• Breitburn Energy Partners, an independent oil and gas limited partnership with more than US$3 billion in funded debt obligations, in its chapter 11 cases*
• The Great Atlantic & Pacific Tea Company (A&P) with more than 28,500 employees across the northeastern US under numerous retail banners and US$1.6 billion in assets and US$2.3 billion in debt, in their chapter 11 cases involving a global sale process of more than 120 stores*
• Southern Air Holdings, a cargo airline, in its prearranged chapter 11 cases to restructure about US$295 million in secured debt*
• Lehman Brothers Holdings, the fourth-largest investment bank in the world, and its affiliates in filing and prosecuting the largest chapter 11 cases in history*

Creditor, Acquiror, Secured and Unsecured Lender, and Sponsor Representation 

• The lead arrangers and lenders in connection with providing the approximately US$2.5 billion exit facility in the chapter 11 cases of The Hertz Corporation, a global vehicle renting and leasing business with about 12,000 corporate and franchisee locations in the US, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand*
• Citibank, N.A., as administrative agent under the DIP credit facility, in the chapter 11 cases of Garrett Motion, a Switzerland-based designer, manufacturer, and seller of turbocharger and electric-boosting technologies and automotive software solutions for light and commercial vehicle original equipment manufacturers worldwide, and its affiliates*
• HPS Investment Partners, as DIP agent and DIP lender, first lien agent and secured lender, and second lien secured noteholder, in the chapter 11 cases of Emerge Energy Services, a major energy service provider that engages in the mining, production, and distribution of silica sand proppant for the oil and gas fracturing industry, and its affiliates*
• Uniti Group in connection with representing an ad hoc committee of first lien lenders in amending the term loan agreement and chapter 11 case of Uniti master lease counterparty, Windstream Holding*

*Matter handled prior to joining Latham