Thomas A.Wilson (Tom)

Partner

Cleveland + 1.216.586.7079

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Tom Wilson advises corporate, financial, and municipal clients in insolvency and restructuring situations across a variety of industries. These industries include automotive, mining, gaming, energy, retail, manufacturing, and financial services, with particular experience in municipal bankruptcy and the liquidation of complex corporate enterprises. Tom played a key role in the successful resolution in the historic chapter 9 case of the City of Detroit, Michigan. He regularly counsels clients in all aspects of bankruptcy and restructuring matters, including distressed asset transactions, supplier issues, fraudulent conveyance, preference and fiduciary duty actions, environmental and mass tort liability, post-petition financing, and jurisdictional issues arising in bankruptcy. Tom's clients span the spectrum of interested parties in restructuring matters, including debtors and potential debtors, prepetition secured creditors, creditors' committees, parents of insolvent subsidiaries, avoidance actions defendants, and sellers and purchasers of assets.

Tom has represented, among other clients: Alpha Natural Resources; American Greetings Corporation; Boscov's Department Stores; Cablevision Systems Corporation; Chrysler and Old Carco Liquidation Trust (the liquidating successor in interest to Chrysler); Dana Corporation; Financial Guaranty Insurance Company; First Energy Corporation; General Motors; Hostess Brands; International Textile Group; KeyBank; LTV Steel Company; Metaldyne Corporation; and Oglebay Norton Company.

Tom regularly speaks and lectures at restructuring-related forums around the country and has coauthored bankruptcy-related articles published in the Journal of Bankruptcy Law and Practice and was recognized as a "Rising Star" by Ohio Super Lawyers multiple times.

Experience

  • 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.
  • OmniMax sells company to SVPGlobalJones Day advised OmniMax International, Inc., the leading national manufacturer of residential roof drainage systems and a top supplier of products for outdoor living, recreational vehicle, and other building end markets, in its acquisition by Strategic Value Partners, LLC and its affiliates ("SVPGlobal").
  • 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.
  • FTD sold North and Latin American florist and consumer business, including ProFlowers, to Nexus CapitalJones Day advised FTD Companies, Inc. in the $95 million sale of the North America and Latin America florist and consumer business, including ProFlowers, to an affiliate of Nexus Capital Management LP, a Los Angeles, California-based private equity firm.
  • 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.
  • 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.
  • Alpha Natural Resources plan confirmed by U.S. Bankruptcy CourtOn July 12, 2016, the United States Bankruptcy Court for the Eastern District of Virginia entered an order confirming the Second Amended Joint Plan of Reorganization of Alpha Natural Resources, Inc. and 148 of its debtor affiliates, less than one year after Alpha, one of the largest coal companies in the United States, entered chapter 11 with liabilities of approximately $7.1 billion amidst the most challenging economic environment for coal producers in decades.
  • Alpha Natural Resources plan goes effective; Sale of certain assets to Contura Energy Inc. closesJones Day represented Alpha Natural Resources Inc., which emerged from bankruptcy on July 26, 2016, less than one year after the commencement of its chapter 11 cases.
  • Alpha Natural Resources files for bankruptcy with $10.1 billion in assets and over $7 billion in liabilitiesJones Day represented Alpha Natural Resources, the second-biggest coal company in the U.S. in its chapter 11 bankruptcy case which was filed in Richmond, Virginia with assets of $10.1 billion and liabilities of $7.1 billion.
  • 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.
  • JPMorgan Chase provides financing to provider of high-grade fireproof ceramic refractory productsJones Day represented JPMorgan Chase Bank, N.A., as administrative agent and lender, in connection with the $75 million secured revolving credit facility for a provider of high-grade fireproof ceramic refractory products and services for high-temperature applications in cement, metals, and other materials.
  • Polar acquires Beall's parts and services divisionJones Day represented Polar Corporation in its acquisition of Beall Corporation's parts and services division through a section 363 bankruptcy sale.
  • 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.
  • Old Carco (Chrysler) sells Michigan assembly plant to Chrysler GroupJones Day advised Old Carco LLC (Chrysler) in the $20 million sale of a Sterling Heights, Michigan, assembly plant to Chrysler Group LLC.
  • Old Carco (Chrysler) sells Ohio stamping plant to Maynards IndustriesJones Day advised Old Carco LLC (Chrysler) in the $45.5 million sale of a Twinsburg, Ohio, stamping plant to Maynards Industries Ltd.
  • Metaldyne files for bankruptcy protectionJones Day represented Metaldyne Corporation -- one of the top 50 North American auto parts suppliers with over $1 billion in sales -- and its subsidiaries in an out-of-court tender offer transaction pursuant to which over $350 million in long term debt was extinguished.
  • ITG subsidiaries file chapter 11Jones Day represented International Textile Group, Inc. ("ITG"), a global diversified textile manufacturer headquartered in Greensboro, North Carolina, in connection with the chapter 11 cases of Global Safety Textiles Holdings LLC and its direct and indirect U.S. subsidiaries (the "GST Debtors").
  • Financial Guaranty Insurance Company completes reinsurance transaction with MBIA InsuranceJones Day advised Financial Guaranty Insurance Company (FGIC), a leading national mono-line financial guaranty assurance company, in a transaction in which MBIA Insurance Corporation (MBIA), a subsidiary of MBIA Inc. and another leading national mono-line financial guaranty assurance company, reinsured FGIC's risk under financial guaranty policies covering $166 billion in par of public finance obligations.
  • Boscov's Department Stores completes successful going concern saleJones Day represented Pennsylvania-based Boscov's, Inc. and its affiliated entities in their chapter 11 bankruptcy cases, including the successful sale of all of their assets as a going concern.
    • View All

    January 2019 Commentaries

    Fifth Circuit Suggests Claims for Make-Whole Amounts Should Be Disallowed

    December 2018 Newsletters

    Business Restructuring Review | November - December 2018

    December 2018 Newsletters

    First Impressions: Eleventh Circuit Rules That Equitable Mootness Applies in Chapter 9 Cases

    March/April 2008 Jones Day Publications

    Jones Day Charts Dana Corporation's Path to Successful Emergence From Chapter 11

    Speaking Engagements

    • March 31, 2017
      "Cities That Cope – Confronting Financial Challenges in the Urban Landscape: The Chapter 9 Alternative": Symposium Presented by The University of Maryland Francis King Carey School of Law.
    • December 1, 2015
      Surviving Bankruptcy: A Review of the Legal Challenges That Detroit Faced, Jones Day Cleveland CLE

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