Dan B.Prieto


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Dan Prieto has played a lead role in representing high-profile companies in successful chapter 11 reorganizations, including by assisting numerous companies in achieving permanent resolutions of mass asbestos tort liabilities through section 524(g) plans of reorganization. He also represents clients in out-of-court restructurings and distressed M&A transactions. Prior to returning to Jones Day in 2021, Dan was workout counsel at a leading direct lender and credit asset manager with more than $35 billion of capital under management in Chicago, where he handled restructuring matters for the lender.

Dan represented Bondex, Kaiser Aluminum, and USG Corporation in their respective section 524(g) chapter 11 reorganizations that fully resolved their asbestos liabilities and RadioShack in its successful chapter 11 reorganization, including in connection with a going concern sale of a substantial portion of RadioShack's business. Dan also represented the owners of the Vogtle nuclear plant in connection with Westinghouse's chapter 11 case and a guarantee provided by Toshiba and Hanson Permanente Cement and Kaiser Gypsum in chapter 11 cases they filed to resolve their asbestos and environmental liabilities. Other significant engagements include representing PHI, Inc., one of the world's leading helicopter services companies, and Mayflower Communities, a nonprofit senior living retirement community, in their respective chapter 11 cases.

In 2014, Dan was recognized by Turnarounds and Workouts as one of only 12 Outstanding Young Restructuring Lawyers in the United States and has been listed by U.S. News as one of "The Best Lawyers in America."


  • Global Risk Capital acquires legacy asbestos and environmental liabilities from SPXJones Day advised Global Risk Capital and its joint venture with partner Premia Holdings Ltd. in their acquisition from SPX Technologies, Inc. of SPX, LLC, which is a legacy SPX company that primarily holds liabilities, including asbestos and environmental liabilities and related insurance assets.
  • LTL Management, a Johnson & Johnson affiliate, files for chapter 11 to equitably and permanently resolve all current and future talc-related claims against itJones Day represents LTL Management LLC in its chapter 11 bankruptcy case filed October 14, 2021 in the Western District of North Carolina.
  • Crestline Direct Finance provides $125 million senior secured term loan to subscription based online retailerJones Day advised Crestline Direct Finance, as administrative agent, collateral agent, and sole lead arranger, in connection with a $125 million senior secured term loan facility provided to a subscription based online retailer.
  • Kaiser Gypsum and Hanson Permanente Cement file chapter 11 to permanently resolve asbestos claimsJones Day is representing Kaiser Gypsum Company and Hanson Permanente Cement in their chapter 11 cases.
  • MAST Capital portfolio company completes debt restructuring, including $101 million exchange offer of convertible notes for high-yield notesJones Day advised MAST Capital Management, LLC in the offer by its portfolio company, Nebraska Book Holdings, Inc., to exchange up to $133.2 million aggregate principal amount of 2.00% Convertible Senior PIK Notes due 2026 for any and all of its outstanding 15.0% Senior Secured Notes due 2016.
  • Seventy Seven Energy Term Lender Group supports prepackaged chapter 11Jones Day represented a group of term loan lenders and Wilmington Trust, N.A., in its capacity as Term Loan Agent, before and during the prepackaged chapter 11 cases of oilfield services company, Seventy Seven Energy.
  • Flare Industries acquires certain assets of AbutecJones Day represented Flare Industries, LLC, a portfolio company controlled and managed by Turnbridge Capital, LLC and a designer and manufacturer of flare systems, thermal oxidizers, and ignition systems, in connection with the acquisition of certain assets of Abutec including the Abutec brand, burner technology, and QuadO Certified Enclosed Combustors used extensively across the U.S. Shale Basins.
  • Cimarron Energy acquires Diverse Energy SystemsJones Day advised Turnbridge Capital Management, LLC in connection with the acquisition and related financing by portfolio company Cimarron Energy Inc. of substantially all of the assets of Diverse Energy Systems, LLC and its affiliates pursuant to a Section 363 sale in bankruptcy.
  • RadioShack successfully navigates contentious bankruptcy saleJones Day represented RadioShack Corporation, the century old, iconic American retailer as lead restructuring counsel in chapter 11 cases filed in Delaware bankruptcy court on February 5, 2015.
  • RadioShack sells Latin American business at auctionJones Day represented RadioShack in connection with the sale of its Latin American business to Regal Forest Holdings.
  • RadioShack sells Mexican business to Office DepotJones Day represented RadioShack in connection with the $32 million sale of its Mexican business to Office Depot de Mexico SA de CV.
  • RadioShack sells prepaid phones to Quality One WirelessJones Day represented RadioShack in connection with the sale of prepaid mobile phones to Quality One Wireless, LLC, which had also purchased handsets and accessories.
  • RadioShack obtains $285 million DIP facilityJones Day represented RadioShack Corporation, a leading national retailer of innovative mobile technology products and services, and its domestic subsidiaries in connection with their $285 million senior secured super priority debtor-in-possession credit facility.
  • HighBrook Income Property Fund acquires five-story office building in Chesterfield, MissouriJones Day represented HighBrook Income Property Fund, LP, in connection with the acquisition out of bankruptcy of a five-story office building totaling over 29,000 square feet in Chesterfield, Missouri, including a joint venture with some of the existing owners.
  • Specialty Products and Bondex International seek bankruptcy protectionJones Day represents Specialty Products Holding Corp. and Bondex International, Inc. in their chapter 11 cases, which were commenced in the United States Bankruptcy Court for the District of Delaware on May 31, 2010.
  • Hereford Biofuels sells ethanol plantJones Day advised Hereford Biofuels LP in connection with its sale of an ethanol plant out of bankruptcy to its senior lenders for $25 million in credit.
  • Hereford Biofuels commences bankruptcy proceedingsJones Day represented Hereford Biofuels, LP, the owner of the largest manure-fueled ethanol plant in the United States, and three of its affiliates in their chapter 11 cases filed on January 23, 2009.
  • Patriarch Partners acquires Zohar Waterworks and subsidiary B2 International through a bankruptcy saleJones Day advised Patriarch Partners, LLC in connection with its acquisition and related financing of the assets of Zohar Waterworks, LLC (dba Tri Palm International and now dba Oasis International), a designer and manufacturer of bottled and pressure water coolers and drinking fountains, and its wholly owned subsidiary, B2 International, through a section 363 bankruptcy sale including a provision of debtor-in-possession financing.
  • Patriarch Partners acquires NetVersant in bankruptcy saleJones Day advised Patriarch Partners, LLC in the acquisition by NetVersant Acquisition LLC of NetVersant Solutions, Inc., a provider of comprehensive and integrated network infrastructure solutions, through a stalking-horse bid submitted in connection with a section 363 bankruptcy sale by assuming approximately $130 million in debt.
  • Patriarch Partners acquires assets of Red Shield Environmental in bankruptcy buyoutJones Day represented Patriarch Partners, LLC in connection with the bankruptcy buyout of the assets of Red Shield Environmental, LLC, an owner and operator of a paper mill in Maine.
    • November 10, 2016
      Texas General Counsel Forum, Navigating Through a Distressed Environment