Peter S.Saba (Pete)


New York + 1.212.326.7899

Pete Saba's practice focuses on complex restructurings and reorganizations and cross-border insolvency proceedings. He regularly represents debtors, creditors, lender groups, court-appointed trustees, and asset purchasers in in-court and out-of-court proceedings. Pete also has experience advising lenders of distressed companies.

Pete is currently representing a creditor in the chapter 11 cases of Verity Health System of California and its affiliated debtors and the plan administrator of Soundview Elite Ltd., et al. Pete's past experience includes representing a group of term lenders of Monitronics International in connection with a partially prepackaged plan of reorganization, a distressed health care service provider in an out-of-court Article 9 restructuring, M&G USA Corporation in its jointly administered chapter 11 cases, American Apparel in its chapter 11 proceedings and successful sale of its assets, Molycorp in its chapter 11 proceedings, and the first lien steering committee in the chapter 11 cases of RCS Capital. Pete has also represented defendants in avoidance actions seeking the recharacterization of loans and an insolvency trustee in a chapter 15 recognition proceeding.

Pete maintains an active pro bono practice, working with Her Justice in assisting single mothers in obtaining custody and visitation rights and Immigration Equality in assisting asylum seekers with admission into the United States.


  • Patrick Soon-Shiong IC, LLC, Patrick Soon-Shiong IC 2, LLC, and Patrick Soon-Shiong IC 3, LLC acquires St. Vincent Medical Center for $135 millionJones Day advised Patrick Soon-Shiong IC, LLC, Patrick Soon-Shiong IC 2, LLC, and Patrick Soon-Shiong IC 3, LLC in the $135 million acquisition of St. Vincent Medical Center in Los Angeles, California, from Verity Health System in a Section 363 sale.
  • Chinese financial leasing company provides $15 million loan to KateevaJones Day represented a Chinese financial leasing company in connection with its $15 million loan provided to Kateeva Inc., a developer of the world's first inkjet printer to manufacture high volumes of flexible OLEDs (organic electroluminescent diodes).
  • 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.
  • 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.
  • Oi Brasil obtains approval of recovery planJones Day represented the trustee of Oi Brasil Holdings Coöperatief, a subsidiary of the Brazilian telecom giant Oi S.a., who filed for bankruptcy protection in 2016.
  • 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.
  • Molycorp emerges from bankruptcy as Neo Performance MaterialsJones Day advised Molycorp, Inc. in the bankruptcy buyout of the company by Oaktree Capital Management, L.P.
  • 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.
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