Senior Lender & Bondholder Rights

 
The attorneys of Sugar Felsenthal Grais & Helsinger LLP have represented a variety of banks and other lenders, bondholders, indenture and collateral trustees, private equity funds and aircraft and equipment lessors in some of the country’s largest and most complex chapter 11 cases. 

Publications

Speaking Engagements

  • 06/13/2012

    A Discussion with Professor Douglas Baird

    On June 13, 2012, Sugar Felsenthal Grais & Hammer LLP hosted Professor Douglas Baird of the University of Chicago for the monthly luncheon meeting of the Turnaround Management Association Chicago/Midwest Chapter's Certified Turnaround Professionals.

  • 05/01/1998

    Recent Developments in Finance that Every Lender Needs to Know/Recent Developments in Bankruptcy Law

    Christopher J. Horvay spoke to an audience comprised mainly of senior lenders with regards to recent Supreme Court cases and Seventh Circuit case law, including recent developments pertaining to letters of credit, fraudulent conveyance, single asset real estate cases and legislative changes.

 
SFGH’s attorneys’ recent senior lender and bondholder representations include:
  • In re Kmart Corporation (Bankr. N.D. Ill.).  In the largest retail bankruptcy in the nation’s history, a SFGH attorney represented three national financial institutions as indenture trustee and mortgagee in connection with municipal and corporate bonds totaling over $300 million in face value secured by mortgages on approximately one hundred (100) properties spread across 21 states that were occupied by Kmart Corporation or related entities.   

  • In re Rite Way Mechanical Installations, Inc. (Bankr. D. Minn.). In this matter, SFGH represented a distressed investor which acquired the senior secured debt from a commercial bank during a hotly-contested chapter 11 proceeding.  SFGH then managed virtually every aspect of the debtor's going concern liquidation, from conducting the sell-side process with the debtor's investment banker, to negotiating a stalking-horse transaction, and conducting the auction and then ultimately closing the transaction with the winning bidder. 

  • In re United Air Lines, Inc. (Bankr. N.D. Ill.).  A SFGH attorney represented a national financial institution as trustee and collateral agent for an aircraft leasing trust secured by numerous commercial aircraft impacted by the UAL bankruptcy.   

  • In re Delta Air Lines, Inc. (Bankr. S.D.N.Y.).  In the bankruptcy of the world’s largest commercial airline company by fleet size, a SFGH attorney represented a national financial institution as trustee and collateral agent for an aircraft leasing trust secured by numerous commercial aircraft impacted by the Delta bankruptcy. 

  • In re Northwest Airlines Corporation (Bankr. S.D.N.Y.).  In the bankruptcy of the world’s sixth largest commercial airline company prior to its merger with Delta Air Lines, one of our attorneys represented a national financial institution as trustee and collateral agent for an aircraft leasing trust secured by numerous commercial aircraft impacted by the Northwest Airlines Corporation bankruptcy. 

  • In re FLYi, Inc. (Independence Air) (Bankr. D. Del.).  In the bankruptcy of this Washington, DC-based regional air carrier, a SFGH attorney represented a national financial institution as trustee and collateral agent for an aircraft leasing trust secured by numerous commercial aircraft impacted by the Flyi bankruptcy.