HeatherLennox

Partner-in-Charge Cleveland

Cleveland + 1.216.586.7111 New York + 1.212.326.3837

Heather Lennox has played a leading role in Jones Day's representations of debtors and potential debtors, creditors' committees, prepetition secured lenders, bank groups, DIP lenders, credit card processors, and other significant creditors in many of the nation's largest in-court and out-of-court corporate and municipal restructurings.

Heather has substantial experience counseling clients in fraudulent conveyance, illegal dividend, fiduciary duty, piercing the corporate veil, and mass tort issues in bankruptcy. She has represented entities in the structuring and consummation of spin-offs, distressed sales and acquisitions, ring-fencing transactions, and other out-of-court restructuring transactions. Heather is Partner-in-Charge of the Cleveland Office and Cleveland.com named her "one of Northeast Ohio's Most Influential Women" in 2019.

Heather has represented, among others: Peabody Energy Corp., the City of Detroit, Copperweld Corporation, CSC Industries, Dana Corporation, Fruehauf Trailer Corporation, Great American Communications Company (a prepackaged case), Hostess Brands, Inc., LTV Steel Company, Metaldyne Corporation, Oglebay Norton Company, and St. Mary's of the Woods (a CCRC) as debtors' counsel and significant creditors in the Delta Airlines, Forum Health, HomePlace Stores, Northwest Airlines, Pittsburgh Penguins, R.H. Macy, Southern Air Transport, United Airlines, US Airways, and Wornick Company bankruptcies.

Heather has coauthored bankruptcy-related articles published in The Business Lawyer and the Journal of Bankruptcy Law and Practice. She is listed in the Guide to the World's Leading Insolvency and Restructuring Lawyers and is a conferee of the National Bankruptcy Conference (2012-present); a Fellow in the American College of Bankruptcy; and a member of the American Bankruptcy Institute, the Cleveland Metropolitan Bar Association, and the New York City Bar Association. Lawdragon 500 lists her among the "Leading Lawyers in America" (2017).

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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.
  • Black Box sells IT unit for $75 million to Arlington Capital PartnersJones Day advised Black Box Corporation in the $75 million sale of its federal government IT services business (the "Federal Business") to Arlington Capital Partners.
  • FirstEnergy raises $1.616 billion in private placement of Convertible Preferred StockJones Day represented FirstEnergy Corp., a diversified energy holding company, in connection with its issuance of $1.616 billion of Series A Convertible Preferred Stock in a private placement to affiliates of Elliott Management Corporation, Bluescape, and GIC.
  • FirstEnergy raises $850 million in private placement of Common StockJones Day represented FirstEnergy Corp., a diversified energy holding company, in connection with its issuance of $850 million of Common Stock in a private placement to funds affiliated with Zimmer Partners, LP.
  • 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.
  • FirstEnergy acquires Pleasants Power Station for $195 millionJones Day is advising Monongahela Power Company, a subsidiary of FirstEnergy Corp., in its acquisition of the Pleasants Power Station ("Pleasants") from Allegheny Energy Supply Company, LLC, an affiliate and subsidiary of FirstEnergy Corp., for $195 million.
  • 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.
  • Peabody Energy closes $800 million DIP financing packageJones Day represented Peabody Energy Corporation, a large private-sector coal company, in connection with their $800 million debtor-in-possession superpriority secured financing arrangement.
  • Peabody Energy successful in defense of Patriot Coal's claimJones Day represented Peabody Energy Corporation ("PEC") when Patriot Coal revisited bankruptcy on May 12, 2015, having filed for chapter 11 protection in the Eastern District of Virginia with $2 billion in assets against $2.4 billion in debt (collectively, "Patriot 2").
  • GM prevails as Sixth Circuit affirms summary judgment in $450 million dispute with UAWJones Day successfully represented General Motors LLC ("New GM") in an appeal of the dismissal of a lawsuit filed by the UAW in Michigan federal district court.
  • 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.
  • Certain Hostess bread brands and bakeries acquired by Flowers Foods for $355 millionJones Day advised Hostess Brands, Inc. regarding the sale of its Wonder, Merita, Nature's Pride, Home Pride, and Butternut bread brands and associated bakeries to Flowers Foods, Inc. for $355 million.
  • Hostess sells Hostess and Dolly Madison snack cake business to Apollo Global Management and Metropoulos & Co. for $410 millionJones Day advised Hostess Brands, Inc. regarding the stalking horse bid by affiliates of Apollo Global Management, LLC and Metropoulos & Co. in the purchase for the majority of the assets of the snack cake business, including both Hostess® and Dolly Madison® branded products, including the iconic Twinkies® brand for $410 million.
  • Hostess Brands commences bankruptcy proceedingsJones Day represents client Hostess Brands, Inc. and its direct and indirect subsidiaries (collectively, "Hostess") as lead restructuring counsel, in Hostess' January 11, 2012 (the "Petition Date") filing under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") with more than $800 million in secured debt and a $75 million debtor-in-possession financing facility with Silver Point.
  • Yale-New Haven Hospital obtains antitrust approval for proposed Saint Raphael's acquisitionJones Day represented Yale-New Haven Hospital ("YNHH") in connection with all antitrust matters related to its acquisition of a competing hospital, the Hospital of Saint Raphael's in New Haven, Connecticut.
  • St. Mary of the Woods files for chapter 11Jones Day represents Franciscan Communities St. Mary of the Woods in its chapter 11 case and related debtor-in-possession financing.
  • ZAIS Investment goes into involuntary bankruptcyJones Day served as prepetition counsel and postpetition special counsel to ZAIS Investment Grade Limited VII, a Cayman Islands special purpose vehicle in a first of its kind involuntary prepackaged bankruptcy filed in the District of New Jersey.
  • Wireless communications provider restructures bond debtJones Day represented a $200 million local wireless communications provider in an out-of-court workout of $150 million in bond debt.
  • Metaldyne sells powertrain, balance shaft module, tubular products, and chassis assets to affiliate of The Carlyle Group and Solus Alternative Asset ManagementJones Day advised Metaldyne Corporation, a leading designer and producer of engine, driveline, and chassis products, in the $400 million sale of its powertrain, balance shaft module, tubular products, and chassis assets to an affiliate of The Carlyle Group and Solus Alternative Asset Management LP via a sale under section 363 of the Bankruptcy Code.
  • Additional Publications

    • 2011
      American College of Bankruptcy Best Practices Report, Formation, Function & Obligations of Equity Committees in Chapter 11
    • June 14, 2011
      Practice Spotlight: Heather Lennox, Business Law Currents
    • February 2011
      An Overview of Chapter 9 of the Bankruptcy Code and Municipal Debt Adjustments, Westlaw
    • June 2010
      A Tectonic Shift For Administrative Rent Claims? Bankruptcy Court Rejects "Actual Use" Limitation On Debtor-Lessee's Obligation To Pay Postpetition Rent Under Commercial Equipment Lease, Journal of Bankruptcy Law and Practice, Vol. 19, No. 3
    • 2010
      2009: A Changing Bankruptcy Landscape And How It Affected Labor and Benefit Issues, 2010 Annual Survey of Bankruptcy Law
    • June 2007
      Reinstatement v. Cramdown: Do Secured Creditors Win or Lose? coauthor, Westlaw
    • 1999
      Breaking Up Is Hard to Do: Avoiding the Solvency-Related Pitfalls in Spinoff Transactions, The Business Lawyer
    • 1996
      'Safe Harbor in Uncharted Waters' — Securities Law Exemptions Under Section 1125(e) of the Bankruptcy Code, The Business Lawyer
    • 1994
      The Fiduciary Duties of Directors of Financially Troubled Companies, Journal of Bankruptcy Law and Practice
    • 1993
      Applying an Ax When a Scalpel Will Do: The Role of Exclusivity in Chapter 11 Reform, Journal of Bankruptcy Law and Practice

    Speaking Engagements

    • November 4, 2019
      ABI Mid-Level Professional Development Program
    • October 4, 2013
      The Imperishable Hostess Brands, Inc., TMA Annual Meeting
    • February 7, 2013
      2013 TMA Distressed Investing Conference
    • October 14, 2011
      Shareholders Count Too: The Role of the Equity Committee in a Volatile Economy, Business Bankruptcy Fall Meeting CLE Program
    • May 24, 2010
      Credit Bidding, panelist, American Bankruptcy Institute's 12th Annual New York City Bankruptcy Conference
    • October 29, 2009
      Pressure on the Supply Chain – Beginning of the End or End of the Beginning, TMA 2009 Webinar Series
    • September 30, 2009
      Labor & Employment Law Changes: What the New Administration Has Brought and What the Future Holds
    • March 31, 2009
      Creating a Restructuring Process that Ensures a Successful Turnaround, panelist, ACI Distressed Debt Investing Summit
    • December 11, 2008
      Protecting Your Human Capital: Indemnities and D&O Insurance in Troubled Times, Jones Day CLE Academy
    • June 22, 2007
      The Tenth Annual Conference on Corporate Reorganizations: Update on Autos and Auto Suppliers
    • April 27, 2007
      The Administratively Insolvent Debtor, panelist, William J. O'Neill Bankruptcy Seminar
    • November 1, 2006
      The Automotive Industry - Where It Was, Where It Is and Where It's Going, panelist, Fall 2006 Conference, International Women's Insolvency & Restructuring Confederation
    • October 6, 2006
      Developing Opportunities for a Multicultural Workplace - How to Create Opportunities for All Women, panelist, Capgemini "Reach for the Stars"
    • September 20, 2005
      The Significant Business Provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
    • May 13, 2005
      What Labor and Employment Lawyers Should Know About the Federal Bankruptcy Process for Corporate Debtors
    • October 5, 1999
      Issues in Debtor in Possession Financing, Jones Day CLE Program
    • November 30, 1995
      The Section 2-207 Battle of the Forms: Disclaimer of Damages and Other Issues
    • September 28, 1994
      Issues of Successor Liability in Section 363 Sales
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