TimothyHoffmann (Tim)

Partner

Chicago + 1.312.269.4376

Tim Hoffmann's practice focuses primarily on bankruptcy and insolvency-related matters. He has represented debtors, lenders, strategic investors, and various other parties in financially distressed situations, including both in-court and out-of-court restructurings.

Tim's chapter 11 representations include FTD, Inc., which consummated the sale of its floral network business, gourmet foods business, and on-line gifting business in three separate transactions. Tim advised Peabody Energy Corporation with respect to a $1.5 billion equity financing, which Peabody consummated in connection with its chapter 11 plan. He also played a key role in Jones Day's representation of Harry & David in its chapter 11 case, which the Turnaround Management Association named the 2012 "Turnaround of the Year" for large companies. Tim's other chapter 11 debtor representations include AFA Foods, Boscov's Department Stores, Chrysler, Fresh & Easy, and FLYi.

Tim's creditor representations include the majority holders of Preferred Proppants' term loans, the majority holder of second lien notes in the Goodrich Petroleum chapter 11 cases, the Ad Hoc Committee of Term Loan Lenders in the Southcross Holdings chapter 11 cases, and the first lien secured lenders in the chapter 11 cases of AWI and Allen.

Outside of the office, Tim has served as an adjunct professor at DePaul University College of Law and is currently a member of the Catholic Charities Board of Advisors (Chicago Diocese).

Experience

  • Westmoreland chapter 11 plan confirmedJones Day represented Westmoreland Resource Partners LP (WMLP) and its debtor-subsidiaries (the WMLP Debtors) and the Conflicts Committee in their chapter 11 cases commenced on October 9, 2018, in the Southern District of Texas.
  • Black Box acquired by AGC NetworksJones Day advised Black Box Corporation (Nasdaq: BBOX) in its acquisition by AGC Networks Ltd, a majority-owned subsidiary of Essar Global Fund.
  • Nissan Motor Co. in global restructuring of Takata CorporationJones Day is representing Nissan Motor Co., Ltd. in connection with the global restructuring of Takata Corporation and its subsidiaries.
  • Peabody Energy exits chapter 11 in less than a yearFacing unprecedented industry conditions in late 2015 and early 2016, Peabody Energy Corporation, the world's largest private-sector coal company, and 153 of its direct and indirect subsidiaries filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Missouri on April 13, 2016.
  • Peabody Energy completes $1 billion offering of Senior Secured NotesJones Day represented Peabody Energy Corporation (PEC), a large private-sector coal company, in connection with a Rule 144A offering of $1.0 billion aggregate principal amount of Senior Secured Notes, consisting of $500 million of 6.000% Senior Secured Notes due 2022 and $500 million of 6.375% Senior Secured Notes due 2025.
  • Franklin Advisers participates in consensual resolution to Goodrich Petroleum chapter 11 caseJones Day represented Franklin Advisers in connection with the Goodrich Petroleum chapter 11 case.
  • Caesars second lien noteholders confirm support for economic terms of consensual chapter 11 planJones Day represents the Official Committee of Second Priority Noteholders ("Second Priority Noteholders") of Caesars Entertainment Operating Company ("CEOC"), the casino operator who filed for bankruptcy in January 2015.
  • Foresight Reserves' affiliate completes global debt restructuring of more than $1.4 billion of indebtednessJones Day advised Foresight Reserves LP ("Reserves") in connection with the out-of-court restructuring of Foresight Energy LP's ("Foresight Energy") capital structure.
  • Ad hoc committee of term lenders negotiate Southcross's prepackaged chapter 11 plan and obtain confirmation 15 days after filingJones Day represented an ad hoc committee of secured term loan lenders in connection with the chapter 11 cases of Southcross Holdings LP and its affiliated debtors.
  • AFA Foods retains Jones Day in chapter 11 casesJones Day represents AFA Foods, Inc. and eight affiliated entities ("AFA") in their chapter 11 cases, which were filed in the United States Bankruptcy Court for the District of Delaware.
  • Bank of America negotiates postpetition financing for AWIJones Day advised Bank of America in connection with the chapter 11 cases of AWI Delaware, Inc. (n/k/a ADI Liquidation, Inc.).
  • City of Detroit's chapter 9 plan of adjustment confirmedJones Day served as lead restructuring counsel to the City of Detroit in connection with its chapter 9 bankruptcy case filed in July 2013 and its ongoing restructuring efforts.
  • Wilmington Savings Fund Society brings action against Caesars Entertainment Operating Company and related partiesJones Day was retained by Wilmington Savings Fund Society, FSB ("WSFS"), the indenture trustee for the second-priority senior secured notes issued by Caesars Entertainment Operating Company, Inc. ("CEOC"), a subsidiary of Caesars Entertainment Corporation ("CZR").
  • Fresh & Easy Neighborhood Market completes sale of 150 stores to Yucaipa Cos.Jones Day represented Fresh & Easy Neighborhood Market, Inc., a chain of grocery stores in the western United States, in connection with its sale of 150 stores to Yucaipa Cos. LLC.
  • Bank of America provides $119 million DIP financing for Allens, Inc.Jones Day represented Bank of America, N.A. with the negotiation and documentation of a $119 million secured debtor-in-possession term loan and revolver financing for Allens, Inc., a family-owned and operated vegetable processor, in connection with the bankruptcy filing by Allens, Inc., and its parent, All Veg, LLC.
  • World Fuel Services seeks to enforce its in rem rights in STX Pan Ocean chapter 15 caseJones Day represented World Fuel Services Corporation in connection with STX Pan Ocean's chapter 15 bankruptcy case, which was filed in the United States Bankruptcy Court for the Southern District of New York.
  • HSP-EPI Acquisition acquires substantially all of Entertainment Publications' assets in 363 saleJones Day represented HSP-EPI Acquisition, LLC in the acquisition of substantially all of the assets of Entertainment Publications, LLC's assets.
  • Clare Oaks restructures $75,000,000 of existing tax-exempt bondsJones Day served as bond counsel to Clare Oaks, an Illinois not for profit corporation (“Clare Oaks”), in its debt restructuring as part of its Chapter 11 bankruptcy case.
  • Micron Technology purchases minority stake in OvonyxJones Day advised Micron Technology, Inc. in its purchase of a minority stake in Ovonyx, Inc. from Energy Conversion Devices, Inc., a chapter 11 debtor, pursuant to a transaction consummated under section 363 of the Bankruptcy Code.
  • Peabody Energy continues fight with Patriot CoalJones Day represented Peabody Energy Corporation ("PEC") in matters relating to the chapter 11 cases of its former subsidiary, Patriot Coal Corporation ("PCC"), including (a) discovery being conducted by PCC and their creditors' committee in those chapter 11 cases, (b) in an adversary proceeding brought against PEC by PCC in the chapter 11 case relating to certain benefit payments, and (c) litigation in West Virginia brought by the United Mine Workers of America relating to benefits owing by PCC.
  • Speaking Engagements

    • June 1, 2017
      Conducting Business with Financially Distressed Companies, Jones Day Chicago 2017 MCLE University
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