The Deal List:
As a busy lawyer in the corporate world I have accomplished many deals of note. You may or may not recognize many of these deals but that may be because the... Fundamentally the work I did while in the city and the work I do here in sag harbor is the same, the difference is complexity. I include this section as sort of a portfolio of my work
My Client:
The Retirement Systems of Alabama that acquired US Airways in 2003
The Retirement Systems of Alabama
The Deal:
The plan of reorganization of US Airways Group, Inc. has been confirmed. The reorganization involved the recapitalization of US Airways Group, Inc., arrangement of exit financing and restructuring of indebtedness and aircraft related obligations totaling approximately
$10,000,000,000
The Retirement Systems of Alabama acted as Plan Funder, provided DIP financing and has participated in the exit financing.
My Client:
The MatlinPatterson Private Equity Fund that acquired control of Huntsman in 2002
MatlinPaterson Global Advisers LLC
MatlinPaterson Global Opportunities Partners L.P
The Deal:
Huntsman Corporation has de-leveraged through conversion of most of the outstanding public debt of Huntsman Corporation and Huntsman Polymers Corporation into equity and the rescheduling of substantially all of it’s bank credit facilities ( pursuants to an out-of-court Restructuring Plan )
$2,000,000,000
MatlinPaterson Global Advisers LLC, MatlinPaterson Global Opportunities Partners L.P. assisted in structuring the transaction, converted $640 mm of public debt into equity and emerged with a substantial equity stake in restructured Huntsman Corporation.
My Client:
The MatlinPatterson Private Equity Fund which acquired ATA Airlines in 2006
MatlinPaterson Global Advisers LLC
MatlinPaterson Global Opportunities Partners L.P
The Deal:
ATA Holdings Corp. and ATA Airlines have confirmed a recapitalization, exit financing and the restructuring of debt and aircraft-related obligations totaling
$1,200,000,000
MatlinPaterson Global Advisers LLC, MatlinPaterson Global Opportunities Partners L.P. assisted in structuring the transaction, provided both debt and equity capital of approximately $100,000,000 and emerged with a controlling stake in the reorganized airline.
My Client:
The Retirement Systems of Alabama that acquired The Retirement Systems of Alabama, which acquired the 55 Water Street Skyscraper in 1993.
The Retirement Systems of Alabama
The Deal:
The plan of reorganization of Olympia & York entities controlling 55 Water Street has been consumated. The reorganization involved the recapitalization of the successor entity. New Water Street Corp., andthe restructuring of indebtedness totalling approximately
$550,000,000
The Retirement Systems of Alabama acted as Plan Funder
My Client:
The MatlinPatterson Private Equity Fund which acquired First Albany Securities which was rechristened as “Broadpoint.” in 2007.
MatlinPaterson Global Advisers LLC
MatlinPaterson Global Opportunities Partners L.P
The Deal:
Broadpoint Securities Group, Inc. Has been established as the sucessor-in-interest to certain businesses of First Albany Companies, Inc. and recapitalized with
$50,000,000
MatlinPaterson Global Advisers LLC, MatlinPaterson Global Opportunities Partners L.P. assisted in structuring the transaction, provided the new equity capital and emerged with a controlling stake in the restructured enterprise.
- The Law Offices of Duncan N. Darrow PLLC
- 21 Jefferson Street
- Sag Harbor, NY 11963
- www.ddarrowlaw.com