T. DanielReynolds (Dan)

Partner

Cleveland + 1.216.586.7148

Connect:

Share

Dan Reynolds is a corporate restructuring lawyer who represents major constituencies involved in distressed transactions. This includes companies both in and out of bankruptcy, as well as unsecured creditors' committees and other major stakeholders.

Dan has represented entities involved in all manner of restructuring transactions, including distressed sales and acquisitions, the structuring and consummation of spin-offs, and other out-of-court transactions. Dan also has substantial experience counseling clients in fraudulent conveyance, illegal dividend, fiduciary duty, and piercing the corporate veil issues.

Most recently, Dan served as chapter 11 counsel to Shiloh Industries, Inc. and 18 of its subsidiaries, who successfully consummated a sale of substantially all of their assets pursuant to section 363 of the Bankruptcy Code. Dan also played a major role in Jones Day's representation of FirstEnergy Corp. in certain of its unregulated power generation subsidiaries' chapter 11 bankruptcy cases, which were the first bankruptcy cases in the country to involve distressed nuclear assets. Other notable representations include, among others, Peabody Energy Corp., FTD Companies, Westmoreland Resource Partners, Vari-Form Holdings Group, and Relativity Media.

Experience

  • Nine Point Energy secures trial victory clearing path for successful reorganization through sale of its assetsJones Day is representing an oil and gas exploration and production company, Nine Point Energy, that is the Debtor in a chapter 11 bankruptcy case, leading to the successful ruling from the bench concluding that at least $150 million of the $157 million in liens asserted by Caliber were invalid, thus, clearing the path for the successful reorganization of Nine Point through a sale of its assets.
  • Shiloh Industries sells substantially all of its assets to affiliate of Middleground Capital pursuant to section 363 of Bankruptcy CodeJones Day represented Shiloh Industries, Inc., a major global supplier to OEMs in the automotive and commercial vehicle markets, and 18 of its subsidiaries in their chapter 11 bankruptcy cases, which resulted in the sale of substantially all of the debtors' assets to an affiliate of Middleground Capital.
  • Coronado Global Resources completes US$550 million in combined financingJones Day represented Coronado Global Resources Inc., in connection with (i) an offering of US$350 million aggregate principal amount of 10.750% Senior Secured Notes due 2026, (ii) a secured asset-based revolving credit agreement in an initial aggregate principal amount of US$100 million, and (iii) an offering of US$100 million aggregate principal amount of shares of its Common Stock in the form of CHESS Depositary Interests, which are listed on the Australian Stock Exchange.
  • TopBuild acquires American Building SystemsJones Day advised TopBuild Corp., a leading installer and distributor of insulation and building material products in the United States, in its acquisition of American Building Systems Group of Companies ("ABS").
  • FirstEnergy subsidiary completes $175 million private placement of First Mortgage BondsJones Day represented The Potomac Edison Company, an electric transmission and distribution subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with its private placement of $75 million aggregate principal amount of First Mortgage Bonds, 2.67% Series due 2032 and $100 million aggregate principal amount of First Mortgage Bonds, 3.43% Series due 2051.
  • FirstEnergy completes $750 million Notes offeringJones Day represented FirstEnergy Corp. in connection with its registered public offering of $300 million aggregate principal amount of 1.600% Notes, Series A, due 2026 and $450 million aggregate principal amount of 2.250% Notes, Series B, due 2030.
  • FirstEnergy completes $1.75 billion notes offeringJones Day represented FirstEnergy Corp. in connection with its registered public offering of $300 million aggregate principal amount of 2.050% Notes, Series A, due 2025, $600 million aggregate principal amount of 2.650% Notes, Series B, due 2030, and $850 million aggregate principal amount of 3.400% Notes, Series C, due 2050.
  • FirstEnergy's subsidiary will emerge from bankruptcy and separate from parentJones Day represented FirstEnergy Corp. and its non-debtor affiliates (FirstEnergy) in connection with the chapter 11 cases commenced on March 31, 2018, by its subsidiary First Energy Solutions, Inc. and certain of its other unregulated subsidiaries in the Northern District of Ohio, which are some of the largest chapter 11 cases to be filed in Ohio in recent memory.
  • 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.
  • 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.
    • View All

    July 2022 Newsletters

    Business Restructuring Review Vol. 21 No. 4 July–August 2022

    July 2022 Newsletters

    Buyer's Bad Faith in Failing to Inform Court of Right of First Refusal Precludes Statutory Mootness of Bankruptcy Sale

    January 2022 Newsletters

    Delaware Court Holds Rejection Eliminates Non-Debtor's Exclusive Right to Provide Services to the Debtor

    January 2022 Newsletters

    Business Restructuring Review | Vol. 21 No. 1 | January–February 2022

    May/June 2018 Jones Day Publications

    A Lesson in DIP Financing Due Diligence

    May/June 2016 Jones Day Publications

    First Impressions: Third Circuit Rules That a Terminated Collective Bargaining Agreement May Be Rejected Under Section 1113

    Speaking Engagements

    • July 15, 2022
      The American Bankruptcy Institute's Northeast Bankruptcy Conference (Adding Value at the Front End: Applying Tempnology and Other Contractual Planning)
    • May 2022
      Recent Trends in Bankruptcy Alternatives for Distressed Businesses
    • May 2020
      Bankruptcy 363 Sales and Successor Liability: Limits to Selling "Free and Clear" of All Claims and Interests
    • May 2016
      City Club of Cleveland: Puerto Rico's Debt Crisis

    Before sending, please note:

    Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.