T. Daniel Reynolds (Dan)

Partner

Cleveland + 1.216.586.7148

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Dan Reynolds is a corporate restructuring lawyer who advises debtors, acquirers, creditor constituencies, and private equity sponsors in complex corporate restructurings, distressed M&A transactions, and chapter 11 proceedings.

Dan regularly structures and negotiates distressed acquisitions and divestitures, section 363 sales, spin-offs, and complex out-of-court workouts. He counsels boards and management teams on fiduciary duty obligations, fraudulent conveyance exposure, illegal dividend claims, and veil-piercing risks — frequently in situations where swift commercial resolution is essential to preserving enterprise value.

Dan regularly partners with private equity sponsors in platform acquisitions of distressed targets, portfolio company restructurings, and controlled dispositions through chapter 11 processes. His experience across the full life cycle of distressed investments — from initial acquisition through operational turnaround or orderly exit — allows him to provide counsel tailored to the unique priorities of financial sponsors.

Dan is a leader in Jones Day's nationally recognized automotive restructuring practice, having guided numerous Tier 1 suppliers through high-stakes commercial negotiations and operational restructurings in both domestic and cross-border contexts. His deep industry knowledge enables clients to identify out-of-court solutions that preserve critical supplier relationships and avoid value-destructive resolutions.

Representative clients include Center Rock Capital Partners, Vintage Wine Estates, Cortec Group, Diebold Nixdorf, The Riverside Company, Shiloh Industries, Rockwood Equity Partners, FirstEnergy, Peabody Energy, FTD Companies, Westmoreland Resource Partners, Vari-Form Holdings Group, and Relativity Media.

Dan serves on the board of directors of the Boys & Girls Club of Northeast Ohio and co-leads the Cleveland Office's New Lawyers Group.

Experience

  • Vanderbilt Minerals files for chapter 11 with $50 million stalking horse bid for substantially all assetsJones Day is representing Vanderbilt Minerals, LLC in its chapter 11 case before the U.S. Bankruptcy Court for the Northern District of New York.
  • TreeHouse Foods goes private in $2.9 billion sale to InvestindustrialJones Day represented TreeHouse Foods, Inc. (NYSE: THS) in a $2.9 billion take-private transaction whereby an affiliate of Investindustrial, a leading European group of independently managed investment, holding, and advisory companies, acquired TreeHouse Foods in an all-cash transaction.
  • Center Rock Capital Partners acquires Stoneridge Control DevicesJones Day advised Center Rock Capital Partners in the acquisition of Stoneridge Control Devices, Inc., a division of Stoneridge, Inc. (NYSE: SRI).
  • Center Rock Capital Partners acquires GHSPJones Day represented Central Rock Capital Partners in the acquisition of GHSP, a global leader in mechatronic systems, smart actuators, and electronic controls serving the automotive market.
  • Eissmann North America secures accommodations from customers to maintain operations during cross-border insolvency and global sale processJones Day advised the North American subsidiaries of Eissmann Group Automotive in connection with the German insolvency proceedings of the subsidiaries' ultimate parent and the parent's global sale process, including in negotiating with the subsidiaries' customers regarding the accommodations that would be required as a result of the German insolvency proceeding.
  • Five Below purchases rights to 10 commercial leases out of Rite Aid's chapter 11 casesJones Day advised Five Below, Inc. regarding its purchase of the designation rights to 10 commercial leases held by New Rite Aid, LLC, a chapter 11 debtor, and certain of its debtor affiliates.
  • Vintage Wine Estates confirms chapter 11 plan of liquidation following sale of substantially all assetsJones Day represented Vintage Wine Estates, Inc. and 11 of its direct and indirect subsidiaries (collectively, the "Debtors") in their chapter 11 cases in the United States Bankruptcy Court for the District of Delaware (the "Chapter 11 Cases").
  • Five Below purchases rights to 42 commercial leases out of Party City's chapter 11 casesJones Day advised Five Below, Inc. regarding its purchase of the designation rights to 42 commercial leases held by Party City Holdco Inc., a chapter 11 debtor, and certain of its debtor affiliates.
  • U.S. Acute Care Solutions, LLC completes $200 million Senior Secured Notes offeringJones Day represented U.S. Acute Care Solutions, LLC (the "Company"), the nation's largest physician-owned and physician led provider of integrated acute care services, in connection with a Rule 144A and Regulation S offering by the Company of an additional $200 million aggregate principal amount of 9.750% Senior Secured Notes due 2029 (the "Notes").
  • Dollar Tree purchases rights to 170 commercial leases out of 99 Cents Only Stores' chapter 11 casesJones Day advised Dollar Tree, Inc. regarding its purchase of the designation rights to 170 commercial leases held by 99 Cents Only Stores, LLC, a chapter 11 debtor.
  • Diebold Nixdorf obtains $200 million super-priority senior secured revolving credit facilityJones Day represented Diebold Nixdorf, Incorporated, a multinational financial and retail technology company that specializes in the sale, manufacture, installation, and service of self-service transaction systems (such as ATMs and currency processing systems), point-of-sale terminals, physical security products, and software and related services for global financial, retail, and commercial markets, and certain of its domestic subsidiaries in obtaining a $200 million super-priority senior secured revolving credit facility.
  • ETS acquires PSIJones Day advised Educational Testing Service (ETS) in its acquisition of PSI Services LLC, a global leader in test development and delivery across workforce certification and licensure.
  • Diebold Nixdorf obtains $1.25 billion senior secured exit credit facilityJones Day represented Diebold Nixdorf, Incorporated, a multinational financial and retail technology company that specializes in the sale, manufacture, installation, and service of self-service transaction systems (such as ATMs and currency processing systems), point-of-sale terminals, physical security products, and software and related services for global financial, retail, and commercial markets, in connection with a new $1.25 billion senior secured term loan facility as part of it’s emergence from chapter 11 bankruptcy and other domestic and foreign court-supervised restructuring proceedings.
  • Diebold Nixdorf successfully restructures over $2.7 billion in funded debt and completes the first-ever dual proceeding under the U.S. bankruptcy code and Dutch restructuring law in 71 daysIn the first-ever cross border restructuring involving dual main proceedings under chapter 11 of the U.S. Bankruptcy Code and a scheme of arrangement (the "Dutch Scheme") under the Dutch Act on Confirmation of Extrajudicial Plans (Wet Homologatie Onderhands Akkoord ("WHOA")), and the first-ever chapter 15 recognition of Dutch Scheme proceedings and a sanctioned WHOA reorganization plan (the "WHOA Plan"), Jones Day represented Diebold Nixdorf, Incorporated ("Diebold") and certain of its U.S. and Canadian subsidiaries (the "Debtors") in connection with (i) the prepackaged chapter 11 cases of In re Diebold Holding Company, LLC, et al., (Case No. 23-90602-DRJ) commenced on June 1, 2023, in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"); (ii) the Dutch Scheme, commenced on June 1, 2023 by Diebold Nixdorf Dutch Holding B.V. (the "Dutch Issuer") in the District Court of Amsterdam (the "Dutch Court"), and (iii) the chapter 15 proceedings before the Bankruptcy Court commenced by the foreign representative of the Dutch Issuer, wherein the Bankruptcy Court recognized the Dutch Scheme proceeding as a foreign main proceeding and recognized and extended comity to the WHOA Plan that was sanctioned by the Dutch Court.
  • Diebold Nixdorf obtains $1.25 billion senior secured superpriority DIP credit facilityJones Day is representing Diebold Nixdorf, Incorporated (the “Company”), a multinational financial and retail technology company that specializes in the sale, manufacture, installation, and service of self-service transaction systems (such as ATMs and currency processing systems), point-of-sale terminals, physical security products, and software and related services for global financial, retail, and commercial markets, and certain of its domestic and foreign subsidiaries (collectively, the “Debtors”) in (i) a pre-packaged chapter 11 proceeding in front of the U.S. Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”), (ii) a scheme of arrangement by Diebold Nixdorf Dutch Holding B.V. (the “Dutch Issuer”) and the related voluntary proceeding in front of the District Court of Amsterdam under the Dutch Act on Confirmation of Extrajudicial Plans (Wet Homologatie Onderhands Akkoord), and (iii) an anticipated proceeding commenced by the Dutch Issuer under chapter 15 in the Bankruptcy Court, seeking recognition of such scheme of arrangement.
  • Jefferies Finance provides $33 million superpriority secured DIP credit facility to Morphe, LLCJones Day represented Jefferies Finance LLC, as administrative agent and collateral agent, in connection with a $33 million superpriority secured debtor-in-possession credit facility provided to Morphe, LLC, a subsidiary of Forma Brands, LLC, a builder of beauty brands anchored in innovative and high-quality products, marketing and operations.
  • 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").
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    June 2026 Newsletters

    Business Restructuring Review Vol. 25 No. 3 May-June 2026

    July 2025 Newsletters

    Business Restructuring Review Vol. 24, No. 4 | July–August 2025

    May 2024 Newsletters

    Business Restructuring Review Vol. 23 No. 3 | May-June 2024

    May 2024 Newsletters

    Ability of Creditors' Committees to Prosecute Estate Claims Given a Boost in Delaware Bankruptcy Courts

    May 2024 Newsletters

    Fifth Circuit: Recent U.S. Supreme Court Ruling Did Not Alter Mootness Requirements for Unstayed Bankruptcy Sale Orders

    December 2023 Newsletters

    Business Restructuring Review | November–December 2023 | Vol. 22 No. 6

    December 2023 Newsletters

    Florida Bankruptcy Court Substantively Consolidates Debtor and Non-Debtor Entities

    June 2023 Newsletters

    Business Restructuring Review | May–July 2023 | Vol. 22 No. 3

    June 2023 Newsletters

    Fifth Circuit: Barton Doctrine Precluded Litigation by Chapter 7 Debtor Against Bankruptcy Trustee and Counsel

    December 2022 Newsletters

    Business Restructuring Review Vol. 21, No. 6 | November-December 2022
    View All

    Additional 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

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