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.
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
- Restructuring counsel to equity sponsor in restructuring and chapter 11 reorganization cases for Modular Space Holdings, Inc., et al., provider of office trailers, portable storage units and modular buildings.*
- Counsel to a leading provider of post-acute care centers, long-term care centers, and assisted living facilities in the successful acquisition of seven assisted living facilities out of an Ohio receivership proceeding.
- Restructuring counsel to equity sponsor in out-of-court restructuring of a leading provider of correctional healthcare in the United States.*
- Restructuring counsel to a software company and federal government contractor in its successful out-of-court restructuring and sale.
