FinancialRestructuring
King & Spalding represents a broad range of clients incomplex and high profile restructuring matters and inother situations involving financially distressedbusinesses. We are regularly retained in bankruptcy
cases pending throughout the United States, including
cases presenting multi-jurisdictional and cross-borderissues. Our practice focuses on representing
institutional lenders, alternative asset managers andother secured creditors, financially distressedborrowers/debtors, buyers of assets in connection withdistressed M&A transactions, and parties in connectionwith insolvency-related litigation.

CapabilityLawyers

Working closely with our Finance, Private Equity,Healthcare, Energy and Capital Markets teams, ourrepresentations span a variety of industries, with particularemphasis on the retail, healthcare, energy, restaurant,
hospitality, infrastructure, real estate, agriculture,manufacturing, media and telecommunications sectors.

CHAMBERS 2022

Financially distressed companies must be as efficient as
possible when working to restructure or reorganize theirbusinesses. Advance planning, liability management
analysis and a coordinated approach among specialists andstakeholders are critical components to any successfulreorganization. We have handled financial restructurings
on behalf of a variety of stakeholders, so we understand thevaried perspectives, motivations and concerns from all sides
of a transaction.
Our secured lender clients (including ad hoc groups oflenders) seek out the Financial Restructuring team tomaximize their recoveries in connection with out-of-court
workouts, formal in-court reorganizations, debtor-inpossession loans, Chapter 11 exit financings, andprepackaged and pre-arranged Chapter 11 plans. Our “oneteam” approach across practice areas allows us to provide aseamless and comprehensive client representation.
We are regularly retained to represent financially distressedbusinesses in connection with workouts, restructurings orW. Austin Jowers (Austin)
AtlantaRecognition
Ranked Band 1 –Bankruptcy/Restructuring in
Georgia

Ranked Band 1 –Bankruptcy/Restructuring:Highly Regarded Nationwide
CHAMBERS 2022

Ranked Band 5 –Bankruptcy/Restructuring inNew YorkCHAMBERS 2022

Ranked National Tier 1 –Bankruptcy and Creditor
Debtor Rights / Insolvency
and Reorganization Law
US NEWS: BEST LAWFIRMS 2022

Ranked National Tier 3 –Litigation: Bankruptcy
US NEWS: BEST LAWFIRMS 2022

reorganizations, including portfolio company investments
held by private equity firms and hedge funds. By working
with other lawyers in the firm’s Corporate, Finance andInvestments (CFI) practice area, we are able to offer legal
services throughout the lifecycle of a distressed company.
We frequently represent strategic and financial buyers ofassets and businesses in Chapter 11 cases. We help ourclients identify opportunities and navigate the complexitiesof these transactions by analyzing the circumstances andhelping devise structures and approaches that maximize thelikelihood of a successful deal.
We also represent litigants in contested matters, adversary
proceedings and other bankruptcy and insolvency litigation
involving creditors’ rights, lender liability and alter ego
liability.

Ranked Tier 1 Atlanta –Bankruptcy and Creditor
Debtor Rights / Insolvency
and Reorganization Law
US NEWS: BEST LAWFIRMS 2022

Ranked Tier 1 Atlanta –Litigation: Bankruptcy
US NEWS: BEST LAWFIRMS 2022Cases & Deals

Ranked Tier 2 New York –Bankruptcy and Creditor
Debtor Rights / Insolvency
and Reorganization Law

September 18, 2024
Red Lobster Emerges From Bankruptcy with New Owners

US NEWS: BEST LAWFIRMS 2022

King & Spalding Advises Abercrombie & Kent on $500
Million Financing
June 7, 2024
King & Spalding Secures TRO for Leadenhall
VIEW ALL

Insights
ARTICLE
August 15, 2024
Disclosure Takeaways From Superdry Restructuring Plan
NEWSLETTER
July 31, 2024
Lender Liability Quarterly – July 2024
ARTICLE
July 10, 2024
Private Credit Restructuring: Less Cost and Volatility;More Optionality
VIEW ALL

EventsSPEAKING ENGAGEMENT
October 30, 2024
Thad Wilson to Speak at Thomson Reuters West
LegalEdcenter’s Webinar
SPEAKING ENGAGEMENT
September 25, 2024
Thad Wilson to Speak at Thomson Reuters West
LegalEdcenter’s upcoming webinar

Ranked Band 1 –Bankruptcy/Restructuring
Nationwide
CHAMBERS USA 2021

Ranked Band 1 –Bankruptcy/Restructuring in
Georgia
CHAMBERS USA 2021

Ranked Band 5 –Bankruptcy/Restructuring in
New York
CHAMBERS USA 2021

“King & Spalding is one of
my favorite firms to workwith. The lawyers are
consummate professionalswho always approachmatters with a very calmmanner.”
CHAMBERS USA 2021

“They have tremendous
experience, they’re
extremely responsive andSPEAKING ENGAGEMENT
September 18, 2024
Peter Hsiao to Speak at Think Forward the Future of Food
Conference
VIEW ALLNews
RECOGNITION
September 23, 2024
King & Spalding Earns Multiple Practice and Individual
Rankings in 2024 IFLR1000 Guide
IN THE NEWS
September 6, 2024
Michael Handler explains why direct lenders are starting
to ask for “Pluralsight Protection” when negotiating newdeals
IN THE NEWS
September 5, 2024
Austin Jowers, Jeff Dutson, Michael Fishel, SarahPrimrose, Christopher Coleman, Brooke Bean, andTaeyeong Kim counsel Red Lobster before a Florida
bankruptcy court, which approved a plan for the seafood
restaurant chain to successfully exit bankruptcy just underfour months after filing for Chapter 11 protection. The
company emerged from bankruptcy under a newownership group led by Fortress Credit Corp.—retaining
545 restaurants operating throughout North America.
VIEW ALLthey’re detailed in theirapproach.”
CHAMBERS USA 2021

Ranked Tier 1 –Restructuring and Insolvency
GAIFLR 2021Ranked Tier 5 –Restructuring and Insolvency
ILIFLR 2021

Ranked Tier 5 –Restructuring and Insolvency
NYIFLR 2021

Ranked Tier 5 –Restructuring and Insolvency
USA
IFLR 2021

Ranked Tier 3 –Restructuring and Insolvency
Singapore
IFLR 2021

One individual notes that theteam is "very well-connected,talented and versatile."
CHAMBERS USA 2020

Clients view them as "the top
restructuring firm in theAtlanta market."
CHAMBERS USA 2020

One interviewee reports:"King & Spalding is a wellrespected law firm with adeep bench of creditor
clients."CHAMBERS USA 2020

"There's a lot of creativity
there," comments another,
continuing: "They offer apersonal service."
CHAMBERS USA 2020Three of our bankruptcy
lawyers are Fellows of theAmerican College ofBankruptcy
THE AMERICAN COLLEGE
OF BANKRUPTCY

One of the most active
bankruptcy law firms basedon representations in active
cases.
THE DEAL

Finalist for Team of the Year:
Restructuring and Insolvency
and Deal of the Year:
Restructuring and Insolvency(Nine West Restructuring)
IFLR1000 US 2020
AWARDS