Evaluating Key Intercreditor Arrangements: First Lien/Second Lien, Split Collateral, Senior/Mezzanine, Unitranche

Mr. Galil is a member of the Finance, Business Restructuring and Reorganization, and Environmental, Social and Governance (ESG) Practice Groups. His practice focuses on advising sponsors, issuers, financial institutions and investment funds in a variety of financing transactions, including credit facilities, leveraged acquisitions, dividend recaps, debt buybacks, out-of-court capital restructurings, and debtor-in-possession exit financings. Mr. Galil also frequently performs credit analyses on a borrower’s debt instruments and advises on vulnerabilities and potential restructuring approaches.

Mr. Wise is a partner in the Finance & Restructuring group resident in the New York office. As a leading practitioner in restructuring and special situations finance, he has extensive experience in complex liability management transactions, Chapter 11 matters, workouts, rights offerings, recapitalizations, restructuring, post-petition and exit financing, and distressed debt purchases and sales. Mr. Wise is a frequent author and thought leader on many issues in the restructuring and finance spaces.

Mr. Friedman’s practice primarily involves representing banks, borrowers, private equity sponsors, hedge funds, insurance companies, alternative asset managers, and other institutional investors in a broad range of domestic and cross-border debt finance and financial restructuring transactions, bankruptcy cases, special situations investments, and distressed acquisitions. He has extensive experience with acquisition and other leveraged financings, direct lending transactions, asset-based lending, investment grade financings, unitranche financings, dividend recapitalizations, bridge loans, complex liability management transactions, and debtor-in-possession and exit financings.