Lawrence G. Wee

Primary Focus & Experience

Mr. Wee’s practice focuses on a variety of restructuring, liability management, capital markets and finance transactions and securities regulation. Mr. Wee also represents creditors, borrowers, issuers, distressed investors, direct lenders and sponsors in a wide range of direct lending transactions, rescue financings, convertible, preferred and hybrid issuances, DIP financings, exit financings, restructurings, liability management transactions and other financing transactions and issuances of equity-linked instruments.

Mr. Wee is also experienced in public and private equity offerings, high yield and investment grade debt offerings, convertible debt offerings and offerings of asset-backed securities. He represents public companies in connection with their ongoing securities law and corporate governance matters and advises in connection with public mergers and acquisitions transactions.

Mr. Wee also has extensive experience in debt consent solicitations, debt restructurings, restructuring financings and exchange offers.

Mr. Wee’s recent representations include, among others:

• Savers Value Village, Inc. and its subsidiaries, an Ares Management portfolio company, in an issuance of $550 million of senior secured notes and its $400 million initial public offering
• Affiliates of Centerbridge in connection with a $700 million financing by an unrestricted subsidiary of Sabre Corporation
• An ad hoc group of secured noteholders of Rite Aid Corporation in a successful opposition to the company’s proposed consent solicitation, covenant and collateral strip and tender offer
• Revlon and certain of its subsidiaries in their chapter 11 cases in the US Bankruptcy Court for the Southern District of New York
• An ad hoc group of secured and unsecured creditors of Bausch Health, a multinational healthcare company, in connection with the company’s proposed spinoff of its eye care business
• An ad hoc group of cross holders of Talen Energy Supply, LLC, in connection with the chapter 11 cases filed by the company and its affiliates
• Lexmark International, Inc. in connection with a $1.06 billion term loan A facility and a $100 million revolving credit facility
• HG Vora Capital Management in connection with providing a $170 million unsecured holding company term loan, a $30 million structured term loan and an associated equity investment in a leading wellness infrastructure company
• Funds affiliated with Ares Management in a $300 million preferred equity investment in and purchase of $167 million of senior unsecured notes issued by FTAI Infrastructure Inc.
• Carnival Corporation & plc in six post-COVID first- and second-lien bank and bond secured financings and two post-COVID unsecured bond financings totaling more than $21 billion, a $2.0 billion debt tender offer and consent solicitation and amendments and waivers to more than $20 billion of its pre-COVID debt
• Conduent Inc., a publicly traded administrative services company, in connection with a $550 million revolving credit facility, $780 million of syndicated secured term loan facilities and a Rule 144A/Regulation S offering of $520 million of secured high-yield notes
• Resolute Forest Products, Inc. in Rule 144A/Regulation S offerings of a total of $900 million of senior unsecured high yield notes, its registered exchange offer of its common stock made in connection with a hostile takeover of Fibrek, Inc., an up to $500 million issuance of senior subordinated convertible notes in a rights offering and an $850 million issuance of senior secured notes as part of its US and Canadian plans of reorganization
• Kate Spade & Company (f/k/a Fifth & Pacific Companies, Inc. and Liz Claiborne, Inc.) in connection with its dispositions of its Lucky Brand Dungarees, Juicy Couture, MEXX and Liz Claiborne businesses, a $400 million senior secured term loan facility and a $200 million asset-based revolving loan facility, issuances of $372 million of senior secured notes secured by its principal trademarks and a $90 million convertible notes offering
• A direct lender as the financing source in an $85 million holding company bridge loan and pre-IPO exchangeable note issued by a leading privately held skin care company
• A direct lender, as purchaser of $50 million in convertible holding company notes issued by a leading travel services provider
• A direct lender in providing a $100 million secured term loan facility to a property development company and a subsequent foreclosure and related asset sale
• An ad hoc group of bondholders and lenders to various Digicel entities in connection with a restructuring of $7 billion of debt involving a Bermuda Scheme of Arrangement
• An ad hoc group of first lien term loan lenders in the chapter 11 reorganization of Frontier Communications
• An ad hoc group of unsecured note holders in the structuring of the exchange offers and resulting debt and equity securities in the $2.5 billion out-of-court restructuring of Neiman Marcus Group and MyTheresa
• An ad hoc group of first lien term loan lenders in the chapter 11 reorganization of Windstream
• An ad hoc group of noteholders holding approximately 40% of the outstanding aggregate principal amount of the 6.125% senior notes due 2023 (the “Notes”) of RiteAid Corporation in connection with a potential restructuring of the Notes
• An ad hoc group of term lenders in the chapter 11 reorganization of American Tire Distributors and the related $1.0 billion of exit term loans and FILO ABL loans
• An ad hoc group of unsecured bondholders in a covenant dispute with Safeway Inc.

Recognition & Accomplishments

Mr. Wee has been recognized by Lawdragon as one of the 500 Leading Bankruptcy & Restructuring Lawyers of 2023, and by The Legal 500 as a leading capital markets lawyer.

Mr. Wee received his J.D., cum laude, from Harvard Law School and his B.A, summa cum laude, from Yale.