Pryor Cashman's Corporate Trust Group Earns 2019 Deal of the Year from Latin Lawyer
Pryor Cashman served as counsel in the Latin Lawyer’s Restructuring Deal of the Year - a US$1.5 billion global restructuring deal for the Brazilian oil and gas services group Constellation. The deal ended over two years of court proceedings in Brazil, the US, and the British Virgin Islands.
Seth H. Lieberman, chair of both the Bankruptcy, Reorganization + Creditors' Rights Group and Corporate Trust Practice, and Patrick Sibley, co-chair of the Corporate Trust Practice, led the Pryor Cashman team in this deal. Pryor Cashman served as Counsel to Wilmington Trust as an indenture trustee for 9.00%/0.50% PIK Senior Secured Notes Due 2024.
Winners of the 14th annual Deal of the Year Awards were selected from a pool of more than 400 nominations. According to Latin Lawyer:
“The winning deals all exhibited truly novel legal work at a level of complexity that broke new parameters in the jurisdictions they occurred in. Their impact and significance are evident well beyond the negotiating table.”
More About the Corporate Trust Group
Corporate trust is a complex financial and legal area that demands specialized fiduciary and commercial finance knowledge, skill, and strategic finesse. With extensive experience in all types of corporate trust transactions, Pryor Cashman’s attorneys represent the corporate trust and loan agency departments of banks and financial institutions acting as trustees and agents in a variety of domestic and international financing transactions, as well as default administration and complex corporate insolvency matters.
