Scott J.Greenberg

Partner

(T) 1.212.326.3830

Scott Greenberg focuses on representing debtors and creditors in in-court and out-of-court restructurings. He is co-head of the Business Restructuring & Reorganization Practice in the Firm's New York Office and serves on the Firm's Advisory Committee.

Recently Scott was lead counsel on Outcome Health, Rex Energy, M&G Chemicals, and American Apparel's chapter 11 cases and lead counsel for Transtar (DACCO Transmission Parts [NY] Inc.) and Nextel (NII Holdings Inc). in their chapter 11 cases in the SDNY.

On the creditor side Scott currently represents the term lenders in Monitronics, Crossmark, Sunguard, Savers, Catalina Marketing, and David's Bridal and recently represented the term loan lenders in rue21's chapter 11, Answers Corp.'s chapter 11, J. Crew's term loan, AMF Global (Ameriforge), 77 Energy, the first lien steering committee in RCS Capital's chapter 11 cases, and Fortress as DIP lender in A&P's chapter 11 cases. At his prior firm he represented the senior lenders in the acquisition of InterCity Media Corp. through a 363 sale; the ad hoc noteholders in AES Eastern's chapter 11 cases; the first lien lenders to BLB/TWIN River Casino in its chapter 11 cases in Providence, Rhode Island; the ad hoc committee of senior secured bondholders in Black Gaming; and Penn National Gaming as owner of Hollywood Casino Shreveport in their chapter 11 cases. He also represented the senior secured lenders in the chapter 11 cases of Inner City Media Corporation in the SDNY.

Experience

  • CROSSMARK Holdings term loan lenders consent to exchange offerJones Day represented a group of first and second lien term loan lenders of CROSSMARK Holdings, Inc. ("CROSSMARK"), a leading sales and marketing services company, in connection with its out-of-court restructuring, consummated through an exchange transaction supported by 100 percent of its first and second lien secured term loan lenders (the "Out-of-Court Transaction").
  • Monitronics term lender group participates in comprehensive restructuring and extension of DIP financing for Monitronics International, Inc.Jones Day is representing a group of lenders holding approximately $1 billion of secured term loans issued by Monitronics International, Inc., which, together with its affiliates, filed partially prepackaged chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas on June 30, 2019.
  • Sungard AS secured term loan lenders receive $300 million of secured debt and 89% of equity in fast-tracked two-day chapter 11 caseJones Day represented a group of secured term loan lenders of Sungard Availability Services ("Sungard AS"), a leading provider of critical data recovery and production services and related integrated solutions, in connection with its prepackaged chapter 11 case filed in the U.S. Bankruptcy Court for the Southern District of New York.
  • M&G debtors confirm chapter 11 plan of liquidation and close sale of Corpus Christi plant for $1 billionOn December 17, 2018, the United States Bankruptcy Court for the District of Delaware entered an order confirming the Third Amended Plan of Liquidation (the "Plan") of Jones Day client M&G USA Corporation and eight of its affiliates (the "M&G Debtors"), which prior to the chapter 11 filing, were, along with their affiliates in Mexico, Brazil and Europe, one of the largest producers of polyethylene terephthalate resin – used for packaging applications – in the world. On December 28, 2018, after receiving antitrust approval, the M&G Debtors closed the sale of their partially constructed manufacturing facility in Corpus Christi, Texas, (the "Corpus Christi Plant") with a deal value in excess of $1 billion.
  • Rex Energy successfully closes $600.5 million 363 asset sale and confirms plan of liquidation with releases and exculpation provisionsA multi-disciplinary Jones Day team represented Rex Energy Corporation in the negotiation of a Restructuring Support Agreement ("RSA") with its first and second lien creditors that formed the foundation for a successful chapter 11 process.
  • Babcock & Wilcox completes $248.5 million rights offeringJones Day represented Babcock & Wilcox Enterprises, Inc., a global leader in energy and environmental technologies and services for the power and industrial markets, in connection with the Company's rights offering.
  • Northern Oil and Gas obtains $400 million secured term loan facilityJones Day represented Northern Oil and Gas, Inc., an independent energy company, in connection with a $400 million secured term loan facility.
  • rue21 term loan lender group receives 96 percent equity in reorganized companyJones Day represented a group of term loan lenders of rue21, Inc., a specialty fashion retailer of girls' and guys' apparel and accessories with over 700 stores in 45 states, in connection with the retailer's chapter 11 cases in the U.S. Bankruptcy Court for the Western District of Pennsylvania.
  • AFGlobal first lien lender group receives 95.5 percent of equity as debtor emerges pursuant to prepackaged plan of reorganizationJones Day represented a group of first lien term loan lenders of AFGlobal Corporation (f/k/a Ameriforge Group), an oil and gas OEM specializing in technology, products and services with fully-integrated manufacturing capabilities to clients around the world, in its prepackaged chapter 11 cases.
  • Answers Corp. DIP/First Lien Lender Group receives 96 percent of equity as debtor emerges pursuant to prepackaged plan of reorganizationJones Day represented a group of first lien term loan lenders of Answers Holdings Inc., a leading global provider of high-quality internet content and customer solutions, in its prepackaged chapter 11 cases.
  • American Apparel sells IP rights to Gildan ActivewearJones Day represented American Apparel, LLC ("AA") in its second chapter 11 case, which was filed on November 14, 2016.
  • Seventy Seven Energy Term Lender Group supports prepackaged chapter 11Jones Day represented a group of term loan lenders and Wilmington Trust, N.A., in its capacity as Term Loan Agent, before and during the prepackaged chapter 11 cases of oilfield services company, Seventy Seven Energy.
  • KeyBank amends and restates credit agreement for Tri-Starr Management Services and Legacy SCOJones Day represented KeyBank National Association in connection with an amended and restated credit agreement for Tri-Starr Management Services, Inc., a provider of logistics services, and Legacy SCO, Inc., a Delaware corporation, for restructuring existing indebtedness.
  • First lien lenders take majority ownership in RCS Capital chapter 11 caseJones Day represented a steering committee of first lien lenders in the RCS Capital Corp. chapter 11 cases filed in the U.S. Bankruptcy Court for the District of Delaware.
  • American Apparel confirms prearranged planJones Day represented American Apparel, Inc. as lead debtors' counsel in its 2015 chapter 11 cases which filed for bankruptcy in October 2015.
  • Fortress Capital provides $100 million DIP financing to The Great Atlantic & Pacific Tea CompanyJones Day represented Fortress Capital Corp., as DIP lender, in connection with a novel $100 million junior lien DIP financing.
  • NII Holdings obtains approval for reorganization planJones Day client NII Holdings, Inc. obtained approval for its chapter 11 reorganization plan following a 9-day contested trial on confirmation.
  • NII Holdings sells Nextel Mexico to AT&T for $1.875 billionJones Day advised NII Holdings, Inc., a provider of differentiated mobile communication services operating under the Nextel brand in Latin America, in connection with the sale of its Mexican operations managed by its indirect subsidiary, Nextel de Mexico, S.A. de C.V., to AT&T for $1.875 billion, less the outstanding net debt of the business at closing.
  • NII Holdings amends and restructures $875 million credit facilitiesJones Day advised NII Holdings, Inc. and its subsidiaries in connection with the amendment and restructuring of its $875 million credit facilities in Mexico and Brazil with the China Development Bank.
  • NII Holdings files for bankruptcy protectionJones Day is advising NII Holdings, Inc. and certain of its affiliates in its chapter 11 bankruptcy cases.
  • Speaking Engagements

    • June 6, 2019
      Jones Day MCLE University Chicago 2019
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