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"Discreetly handles a good deal of debt-investor work leveraged off the insurance sector" – Legal 500

"Represents many of the world's largest institutional investors in and out of the courtroom" – Connecticut Law Tribune

Bracewell attorneys have represented private placement noteholder groups, including original par purchasers as well as secondary and distressed debt purchasers, in numerous workouts, restructurings and bankruptcies throughout the United States and globally.

Bracewell attorneys understand the fundamental differences between private notes and public bonds, including the different covenant structures, investment objectives, make-whole premiums, and other negotiated provisions. We have also repeatedly litigated the enforceability of make-whole provisions, including the seminal Delaware bankruptcy decision, In re Anchor Resolution Corporation, 221 B.R. 338, that allowed a substantial make-whole claim in full.

Domestic & International Perspective
Our attorneys have represented private placement noteholders in restructurings and insolvencies of companies in Australia, Canada, Chile, England, France, Italy, Mexico, the Netherlands, New Zealand, Spain, and, of course, the United States. We have an appreciation and understanding of restructuring cultures around the globe with our "unparalleled expertise in cross-border restructurings." – Law360

Our attorneys’ representations of noteholder groups include the following:

  • Centro Properties
  • Elders Limited
  • LSP Energy
  • Australian Education Trust
  • Henry Walker Eltin
  • MCG Capital
  • Pasminco
  • BMCA
  • Sons of Gwalia
  • Century Aluminum
  • Rubicon
  • Telex Chile
  • Texas American Resources
  • Tembec Industries
  • Western Metals

Be sure to visit Basis Points Bracewell’s blog providing context and offering fresh (if irreverent) commentary on developments in today's restructuring, distressed debt, and new investment markets.