NEW YORK, January 30, 2015 –Turnarounds & Workouts recognized Milbank for its role in four successful restructurings of 2014. The annual T&W report identifies the twelve most complex and effective distressed company restructurings of the year. Milbank was recognized for the following:
- Momentive Performance Materials Inc. – Counsel to an ad hoc creditors’ committee
- IAP Worldwide Services – Counsel to the company
- Overseas Shipholding Group – Counsel to the agent for revolving credit facility lenders
- Select Staffing – Counsel to the steering committee of 1st and 2nd lien lenders
The Milbank team representing an ad hoc committee of creditors in the restructuring of Momentive Performance Materials Inc. was led by financial restructuring partners Dennis Dunne and Samuel Khalil. Others include partners Michael Hirschfeld and Aaron Renenger (Litigation), Russell Kestenbaum (Tax), Andy LeBlanc (Financial Restructuring and Litigation), Paul Denaro and Rod Miller (Global Securities), Alexander Kaye (Corporate), Abhilash Raval (Financial Restructuring), special counsel Scott Golenbock (Corporate), attorney Lena Mandel (Financial Restructuring), of counsel Dennis O’Donnell (Financial Restructuring), and associates Eric Stodola (Financial Restructuring), Sam Badawi (Global Securities) and Dawn Harrop (Litigation).
The Milbank team representing IAP Worldwide Services was led by financial restructuring partner Greg Bray, and included partners Roland Hlawaty (Corporate) and Blair Tyson (Alternative Investments).
The Milbank team representing the agent for revolving credit facility lenders in the restructuring of Overseas Shipholding Group was led by financial restructuring partners Dennis Dunne and Samuel Khalil. Others include partners Albert Pisa (Alternative Investments), Russell Kestenbaum (Tax) Alex Kaye (Corporate), Paul Denaro (Securities), Daniel Perry (Litigation) and associate Lauren Doyle (Financial Restructuring).
The Milbank team representing the steering committee of 1st and 2nd lien lenders in the restructuring of Select Staffing was led by financial restructuring partner Mark Shinderman and corporate partner Brett Goldblatt. Others include partners Albert Pisa (Alternative Investments) and Joel Krasnow (Employee Benefits Group), associates Peter Wang, Michael Nguyen and Soo Hwang (Corporate), David Zolkin (Financial Restructuring), Jennifer Harris (Alternative Investments), James Beebe (Tax), and Aluyah Imoisili (Litigation).
