Latham Represents Robertshaw in Successfully Completing Sale and Emerging From Chapter 11

Robertshaw US Holding Corporation, a leading global design, engineering, and manufacturing company, has previously announced the successful completion of its Chapter 11 sale and restructuring, and its new ownership by a group of Robertshaw’s pre-existing primary senior secured lenders and an affiliate of the pre-existing sponsor. Through completion of the sale and emergence from Chapter 11, Robertshaw eliminated approximately US$650 million of debt, substantially reducing its debt service burden, greatly improving its liquidity, and giving the company the financial flexibility to invest in growth and better serve its global customer base. Robertshaw also entered into a settlement with the Creditors’ Committee and resolved litigation issues related to the May 2023 and December 2023 liability management transactions.

Latham & Watkins LLP represented Robertshaw in the matter with a global, cross-practice team led by banking partners Josh Tinkelman, Kendra Kocovsky, and Seniz Yakut, with associates Chen Tang, Jordan Gratch, and Lea Avsenik. The litigation team was led by New York partners Eric Leon and Kuan Huang, with associates Ryan Jones, Shannon McLaughlin, Daniel Grill, Molly Babad, Zijun Zhao, and Coco Xu. The restructuring team was led by New York partners George Davis and George Klidonas and New York counsels Adam Ravin and Hugh Murtagh, with associates Misha Ross, Whit Morley, Isaac Ashworth, Nikhil Gulati, Alexandra Lisner, Brian Herskowitz, and Jessmine Lee. The M&A team was led by New York partners Alex Johnson and Javier Stark and New York counsel Ben Kaplan, with associates Marc Klepner, Brent Begany,* and Joey Yu. Advice on tax matters was provided by New York partner Alan Kimball, with associate Lukas Kutilek; on insurance matters by San Diego partner Drew Gardiner; on benefits matters by New York partner Austin Ozawa, with associate Daniel Gocek; on real estate matters by Chicago partner Robert Buday and New York counsel Karen Ritter; on labor matters by Chicago partner Nineveh Alkhas, with associate Yoojin DeNiro; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associate Lyle Stewart; on data privacy matters by Bay Area partner Robert Blamires, with associate Kathryn Parsons Reponte; on environmental matters by New York counsel David Langer, with associate Brittany Curcuru; and on antitrust matters by Washington, D.C. partner Farrell Malone, Brussels partner Hector Armengod, Hamburg partner Jana Dammann, and Washington, D.C. counsel Britton Davis, with associate Lorenzo Sacco.

*Admitted to practice in New York only.