HeatherLennox

Partner-in-Charge Cleveland

Кливленд + 1.216.586.7111 Нью-Йорк + 1.212.326.3837

Heather Lennox helps boards of directors and management teams navigate crises and distress to develop successful solutions for the enterprise and its stakeholders. She has led some of the country's largest corporate and municipal crisis responses (including workouts and reorganizations), whether driven by operational, financial, litigation, mass tort, or regulatory challenges. Her clients hail from every industry, both domestically and internationally.

Heather provides practical, business-oriented advice and demands efficiency and a high level of responsiveness from her client service teams. She has in-depth experience in convening and directing multiple legal, business, financial, and media/communications teams in collaborative efforts to strategically address a client's most pressing needs. She has been named a "Dealmaker of the Year" by The American Lawyer and recognized as one of the nations leading lawyers by legal directories; she also has earned top rankings for many years running in Chambers, Best Lawyers in America, IFLR1000, and Lawdragon 500 Leading Global Restructuring & Insolvency Lawyers. In 2020, Heather was named to Cleveland Magazine's "Cleveland 500" list.

Representative clients include The City of Detroit, Peabody Energy, Chrysler LLC, FTD Companies (recognized as "Restructuring Deal of the Year" by The Deal in 2020), Westmoreland Resources, General Motors, Hostess Brands, LTV Steel, Dana Corporation, Lehman Brothers (derivatives counsel), Copperweld Steel, Oglebay Norton, FirstEnergy Corporation, Metaldyne Corporation, St Mary's of the Woods (a CCRC), Fruehauf Trailer, and many companies that achieved out-of-court solutions.

Heather is a frequent speaker, publisher, and guest lecturer. She is a Conferee of the National Bankruptcy Conference, a Fellow in the American College of Bankruptcy, and a member of other crisis- and restructuring-related organizations. She actively serves on several community and educational boards.

  • OmniMax sold 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").
  • CITGO completes $1.125 billion Senior Secured Notes offeringJones Day represented CITGO Petroleum Corporation, a North American refiner of complex crudes and producer of high-value petrochemicals, in connection with a Rule 144A offering of $1.125 billion aggregate principal amount of 7.00% Senior Secured Notes due 2025.
  • Peabody secures Eighth Circuit victory upholding chapter 11 discharge of global warming claimsThe U.S. Court of Appeals for the Eighth Circuit upheld a bankruptcy court order ordering three California municipalities to dismiss their global warming claims against Jones Day client Peabody Energy Corporation because those claims were discharged by Peabody's successful chapter 11 plan of reorganization.
  • 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.
  • Black Box acquired by AGC NetworksJones Day advised Black Box Corporation (Nasdaq: BBOX) in its acquisition by AGC Networks Ltd, a majority-owned subsidiary of Essar Global Fund.
  • Black Box sells IT unit for $75 million to Arlington Capital PartnersJones Day advised Black Box Corporation in the $75 million sale of its federal government IT services business (the "Federal Business") to Arlington Capital Partners.
  • FirstEnergy raises $1.616 billion in private placement of Convertible Preferred StockJones Day represented FirstEnergy Corp., a diversified energy holding company, in connection with its issuance of $1.616 billion of Series A Convertible Preferred Stock in a private placement to affiliates of Elliott Management Corporation, Bluescape, and GIC.
  • FirstEnergy raises $850 million in private placement of Common StockJones Day represented FirstEnergy Corp., a diversified energy holding company, in connection with its issuance of $850 million of Common Stock in a private placement to funds affiliated with Zimmer Partners, LP.
  • 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.
  • 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.
  • Peabody Energy completes $1 billion offering of Senior Secured NotesJones Day represented Peabody Energy Corporation (PEC), a large private-sector coal company, in connection with a Rule 144A offering of $1.0 billion aggregate principal amount of Senior Secured Notes, consisting of $500 million of 6.000% Senior Secured Notes due 2022 and $500 million of 6.375% Senior Secured Notes due 2025.
  • Peabody Energy closes $800 million DIP financing packageJones Day represented Peabody Energy Corporation, a large private-sector coal company, in connection with their $800 million debtor-in-possession superpriority secured financing arrangement.
  • Peabody Energy successful in defense of Patriot Coal's claimJones Day represented Peabody Energy Corporation ("PEC") when Patriot Coal revisited bankruptcy on May 12, 2015, having filed for chapter 11 protection in the Eastern District of Virginia with $2 billion in assets against $2.4 billion in debt (collectively, "Patriot 2").
  • 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.
  • Certain Hostess bread brands and bakeries acquired by Flowers Foods for $355 millionJones Day advised Hostess Brands, Inc. regarding the sale of its Wonder, Merita, Nature's Pride, Home Pride, and Butternut bread brands and associated bakeries to Flowers Foods, Inc. for $355 million.
  • Hostess sells Hostess and Dolly Madison snack cake business to Apollo Global Management and Metropoulos & Co. for $410 millionJones Day advised Hostess Brands, Inc. regarding the stalking horse bid by affiliates of Apollo Global Management, LLC and Metropoulos & Co. in the purchase for the majority of the assets of the snack cake business, including both Hostess® and Dolly Madison® branded products, including the iconic Twinkies® brand for $410 million.
  • 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.
    • 2011
      American College of Bankruptcy Best Practices Report, Formation, Function & Obligations of Equity Committees in Chapter 11
    • June 14, 2011
      Practice Spotlight: Heather Lennox, Business Law Currents
    • February 2011
      An Overview of Chapter 9 of the Bankruptcy Code and Municipal Debt Adjustments, Westlaw
    • June 2010
      A Tectonic Shift For Administrative Rent Claims? Bankruptcy Court Rejects "Actual Use" Limitation On Debtor-Lessee's Obligation To Pay Postpetition Rent Under Commercial Equipment Lease, Journal of Bankruptcy Law and Practice, Vol. 19, No. 3
    • 2010
      2009: A Changing Bankruptcy Landscape And How It Affected Labor and Benefit Issues, 2010 Annual Survey of Bankruptcy Law
    • June 2007
      Reinstatement v. Cramdown: Do Secured Creditors Win or Lose? coauthor, Westlaw
    • 1999
      Breaking Up Is Hard to Do: Avoiding the Solvency-Related Pitfalls in Spinoff Transactions, The Business Lawyer
    • 1996
      'Safe Harbor in Uncharted Waters' — Securities Law Exemptions Under Section 1125(e) of the Bankruptcy Code, The Business Lawyer
    • 1994
      The Fiduciary Duties of Directors of Financially Troubled Companies, Journal of Bankruptcy Law and Practice
    • 1993
      Applying an Ax When a Scalpel Will Do: The Role of Exclusivity in Chapter 11 Reform, Journal of Bankruptcy Law and Practice

    Публичные выступления

    • November 4, 2019
      ABI Mid-Level Professional Development Program
    • October 4, 2013
      The Imperishable Hostess Brands, Inc., TMA Annual Meeting
    • February 7, 2013
      2013 TMA Distressed Investing Conference
    • October 14, 2011
      Shareholders Count Too: The Role of the Equity Committee in a Volatile Economy, Business Bankruptcy Fall Meeting CLE Program
    • May 24, 2010
      Credit Bidding, panelist, American Bankruptcy Institute's 12th Annual New York City Bankruptcy Conference
    • October 29, 2009
      Pressure on the Supply Chain – Beginning of the End or End of the Beginning, TMA 2009 Webinar Series
    • September 30, 2009
      Labor & Employment Law Changes: What the New Administration Has Brought and What the Future Holds
    • March 31, 2009
      Creating a Restructuring Process that Ensures a Successful Turnaround, panelist, ACI Distressed Debt Investing Summit
    • December 11, 2008
      Protecting Your Human Capital: Indemnities and D&O Insurance in Troubled Times, Jones Day CLE Academy
    • June 22, 2007
      The Tenth Annual Conference on Corporate Reorganizations: Update on Autos and Auto Suppliers
    • April 27, 2007
      The Administratively Insolvent Debtor, panelist, William J. O'Neill Bankruptcy Seminar
    • November 1, 2006
      The Automotive Industry - Where It Was, Where It Is and Where It's Going, panelist, Fall 2006 Conference, International Women's Insolvency & Restructuring Confederation
    • October 6, 2006
      Developing Opportunities for a Multicultural Workplace - How to Create Opportunities for All Women, panelist, Capgemini "Reach for the Stars"
    • September 20, 2005
      The Significant Business Provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
    • May 13, 2005
      What Labor and Employment Lawyers Should Know About the Federal Bankruptcy Process for Corporate Debtors
    • October 5, 1999
      Issues in Debtor in Possession Financing, Jones Day CLE Program
    • November 30, 1995
      The Section 2-207 Battle of the Forms: Disclaimer of Damages and Other Issues
    • September 28, 1994
      Issues of Successor Liability in Section 363 Sales

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