Ted A. Dillman

Ted's experience includes advising:

Debtor Representations and Out-of-Court Company Restructuring

• JOANN, a leading national retailer of sewing, arts, and crafts, in its prepackaged chapter 11 restructuring of over US$1 billion of funded debt
• MOD Pizza, a 500+ restaurant pizza chain, in its out-of-court merger with Elite Restaurant Group
• Starry Group Holdings, an internet service provider network, in its chapter 11 restructuring
• Endeavor and Silver Lake as majority equity sponsors of Learfield Communications, a leading college athletics technology, data and content firm, in its US$1.1 billion out-of-court recapitalization and restructuring 
• Bird Global, an electric scooter and bike-sharing company, in connection with its out-of-court recapitalization and merger transaction with Bird Canada 
• Sycamore Partners, as sponsor and majority owner, in the financial restructuring through a one-day pre-packaged bankruptcy of Belk, a US department store chain
• Global Eagle Entertainment, a leading global provider of entertainment, connectivity, and data analytics to the airline, cruise, and other markets, in its chapter 11 cases and sale process
• Lucky Brand Dungarees, a contemporary premium apparel and lifestyle brand, in its chapter 11 cases and going-concern sale transaction
• Sienna Biopharmaceuticals, a biopharmaceutical and biotechnology company, in its chapter 11 case and sale process
• Britax Römer Group, the UK-headquartered child seat, pushchair, and bike seat manufacturer and distributor on its debt and equity restructuring
• Incipio Technologies in connection with its out-of-court restructuring and recapitalization
• Allen Systems Group, a leading software and service provider, in its prepackaged chapter 11, named Turnaround of the Year: Mid-Size Company by the Turnaround Management Association
• Freedom Communications in its successful reorganization through chapter 11
• Traffic Control and Safety Corporation in its section 363 bankruptcy sale
• New United Motor Manufacturing Inc. (NUMMI) in connection with its out-of-court wind-down and dissolution

Noteholder Groups and Creditors

• The ad hoc noteholder group led by Polen Capital (formerly DDJ Capital Management) in GTT Communications’ prepackaged chapter 11 cases
• Ares Commercial Finance as first-lien and debtor-in-possession lender in the Teligent chapter 11 cases and asset sales
• The ad hoc creditor committee in the restructuring of Deoleo, S.A., a Spanish headquartered and global olive oil production and distribution business, involving Spanish and US processes, new rights issue, and complex intra-group reorganization with business and asset hive down and partial debt for equity swap
• DDJ Capital Management (now Polen Capital)-led noteholder group and debtor-in-possession lenders in the Real Alloy chapter 11 cases (including successful purchase of all assets via credit bid)
• DDJ Capital Management (now Polen Capital) in the Optima Specialty Steel chapter 11 cases
• Official Committee of Unsecured Creditors in the Energy XXI chapter 11 cases
• Oaktree Capital Management-led noteholder group in the Rural/Metro Corporation chapter 11 cases
• Eduardo Saverin in the sale of substantially all of the assets of Jumio Inc., named Restructuring Community Impact Deal of the Year by M&A Advisor
• Secured print and advertising lender in the Relativity Media chapter 11 cases
• Secured lender syndicate agent in the out-of-court restructuring of a major equipment maintenance company servicing US ports

Distressed Mergers and Acquisitions

• Monarch Alternative Capital in its acquisition of the Aloft/Element hotels in Orlando out of the AD1 Global Hotels bankruptcy
• Renibus Therapeutics in its acquisition of intellectual property and related pharmaceutical development assets out of the Tricida bankruptcy cases
• A lender in financing the acquisition of certain manufacturing assets in the Katerra bankruptcy cases
• Mattel in its acquisition of Fuhu (section 363 bankruptcy sale)
• Toshiba Corporation in its acquisition of OCZ Technology (section 363 bankruptcy sale)
• Prana Studios in its acquisition of Rhythm and Hues (section 363 bankruptcy sale), named 363 Sale of the Year (Between US$10 million and US$50 million) by M&A Advisor
• Strategic buyer in its acquisition of substantially all of the assets of a leading cosmetics company (UCC Art. 9 foreclosure sale)

Landlord and Real Estate Workouts

• EPR Properties as the largest landlord in the Cineworld chapter 11 cases
• Spirit Realty as the primary and largest landlord in the Off Lease Only liquidating chapter 11
• Simon Property Group as the largest landlord in the Sears Holdings chapter 11 cases
• Secured lender in the bankruptcy of Centurion Properties III
• Secured lender in the bankruptcy of the San Jose Holiday Inn
• Secured lender in the bankruptcy of the Los Angeles Marriott Hotel
• Secured lender to the Metropolitan Project (Los Angeles) in the bankruptcy of the project’s real estate developer
• Secured lender in out-of-court restructuring of multiple golf course properties in California and Arizona