Bondholder, Bond Trustee & Bondholder Committee Representation
- Representation of the indenture trustee and bondholders of the Iowa subsidiary of Dutch nitrogen fertilizer company OCI NV in connection with debt restructuring of the $1.2 billion high yield bond issue.
- Representation of purchaser’s counsel for investors in a limited offering of tax-exempt bonds offered by the Director of the State of Nevada Department of Business and Industry through Morgan Stanley for the benefit of Fulcrum Sierra BioFuels, LLC.
- Representation of the indenture trustee in an out-of-court workout of approximately $140 million of municipal bonds issued for Rideout Memorial Hospital, a California-based health system.
- Representation of UMB Bank, National Association as indenture trustee in Texas Pellets, Inc., Louisiana Pellets, Inc., German Pellets Inc., LLC, and German Pellets Louisiana, LLC insolvencies and related bankruptcies.
- Representation of the indenture trustee and bondholders in multi-year restructuring and workout in $144 million in bonds issues to develop Branson Airport.
- Representation of the indenture trustee and bondholders in the defaulted senior notes issued by the River Rock Entertainment Authority, a California-based Indian gaming casino.
- Representation of the indenture trustee with respect to five separate Erickson Retirement Communities LLC, continuing care retirement communities across the United States with total debt in excess of $500 million.
- Representation of institutional holders of tobacco bonds with respect to securitization of settlement payments made pursuant to tobacco Master Settlement Agreement.
- Representation of the indenture trustee for convertible note holders in Energy XXI Ltd. bankruptcy case in the United States Bankruptcy court of the Southern District of Texas.
- Representation of ad hoc committee of second lien bondholders in Chapter 11 of Caesars Entertainment Corp. et al in the United States Bankruptcy Court for the District of Illinois.
- Representation of the indenture trustee in state court receivership for a Rhode Island detention facility.
- Representation of indenture trustee of $20 million of bonds in the bankruptcy of Dowling College in the United States Bankruptcy Court for the Eastern District of New York.
- Representation of indenture trustee of $12 million of bonds in Chapter 9 bankruptcy of Atoka Medical Center in the United States Bankruptcy Court for the Eastern District of Oklahoma.
- Representation of indenture trustee of $100 million of bonds in Chapter 9 bankruptcy of Tulare Medical Center in the United States Bankruptcy Court for the Eastern District of California.
- Representation of indenture trustee of approximately $50 million of municipal bonds issued for the benefit of E3 BioFuels, LLC in Kansas Chapter 11 proceedings in the United States Bankruptcy Court for District of Kansas.
- Representation of indenture trustee in restructuring of third lien bonds of Foxwoods Resort and Casino.
- Representation of indenture trustee for $1 billion of Harris County Houston Sports Authority bonds
- Representation of indenture trustee co-chair of unsecured creditor’s committee in bankruptcy of Walter Energy, Inc. in the United States Bankruptcy Court for the Northern District of Alabama
- Representation of indenture trustee in Molycorp Inc., rare earth minerals, mines, and processing business, Chapter 11 in United States Bankruptcy Court for District of Delaware
- Representation of indenture trustee in Northampton Generating Company, L.P., waste-coal fueled co-generation facility, Chapter 11 in the United States Bankruptcy Court for the Middle District of North Carolina
- Representation of indenture trustees for 1.3 billion in revenue bonds in bankruptcies of United Airlines, Inc.; Northwest Airlines, Inc.; and Delta Air Lines, Inc.
- Representation of indenture trustee for $68 million bond issue in bankruptcy of Downey Regional Medical Center-Hospital, Inc. in United States Bankruptcy Court for the Central District of California.
- Representation of indenture trustee in connection with $27.5 million bonds of Adams County Hospital as part of a work-out.
- Representation of indenture trustee in restructuring of $64 million of notes of The Cliffs Club & Hospitality Group, Inc. in the United States Bankruptcy Court for the District of South Carolina.
- Representation of indenture trustee for $90 million in bonds in the bankruptcy of The Groves in Lincoln, a continuing care retirement community, in the United States Bankruptcy Court for the District of Massachusetts.
- Representation of indenture trustees, bond insurers and bondholders in the default and workout of numerous charter schools located throughout the country.
Case Study
Mintz represented bondholders and the trustee of two municipal debt issuances totaling $21 million in a bankruptcy case dispute about the borrower’s attempts to modify the terms of the bonds. Mintz persuaded the borrower to amend its improper proposal — and the bondholders received payment in full.
Case Study
Mintz represented Wilmington Savings Fund Society, FSB, the indenture trustee for holders of $367 million in notes, in oil and gas developer Energy XXI, Inc.’s contentious Texas bankruptcy. The noteholders ultimately received a cash payout of more than double the original offer amount.
Case Study
Mintz advised the bond trustees of wood pellet supplier German Pellets and its US subsidiaries in a $515 million cross-border bankruptcy. The ongoing matter has included Louisiana and Texas bankruptcy proceedings and related litigation and insolvency matters in Germany.