Debt Restructurings

Benesch advises companies, sponsors, lenders and other stakeholders in recapitalizations and corporate debt restructurings designed to preserve value, stabilize operations and support long-term business viability. Our restructuring and creditors’ rights experience enables clients to reorganize capital and debt structures efficiently, manage liquidity and covenant pressures, and position the enterprise to continue as a going concern.

Overview

We regularly structure, negotiate and implement out-of-court restructuring solutions when feasible, and guide clients through Chapter 11 or other court-supervised processes when necessary. Our approach focuses on developing practical, business-aligned strategies that balance financial realities with operational priorities and stakeholder interests.

Our experience includes representing:

  • Companies navigating distressed balance sheets, liquidity constraints, covenant defaults or business disruption
  • Sponsors and private equity owners evaluating restructuring alternatives, asset protection strategies and ongoing business continuity concerns
  • Secured and unsecured lenders, DIP lenders, noteholders and bond trustees in negotiations, debt amendments and forbearance arrangements
  • Buyers and investors evaluating strategic opportunities to acquire assets or businesses through receiverships, Section 363 sales or out-of-court transactions

Our team is recognized for its ability to steer complex credit negotiations, align multi-party stakeholder interests and ensure the preservation of enterprise value in both in-court and out-of-court settings.

Experience