Pryor Cashman has been retained to represent indenture trustees in two of 2018’s largest bankruptcy cases to date. The firm represents the indenture trustee to $317 million in senior secured notes of independent oil and natural gas company EXCO Resources, Inc. (“EXCO”).  EXCO and certain of its affiliates filed for bankruptcy protection on January 15, 2018, in the United States Bankruptcy Court for the Southern District of Texas. The case, In re EXCO Resources, Inc., et al., Case No. 18-30155 (MI), is pending before U.S. Bankruptcy Judge Martin Isgur.

Pryor Cashman also has been retained to represent the indenture trustee to $540 million in senior priority secured notes in the recent bankruptcy filed by Cenveo, Inc. (“Cenveo”), one of the largest printing and envelope companies in North America. Cenveo and certain of its affiliates filed for bankruptcy on February 2, 2018, in the United States Bankruptcy Court for the Southern District of New York. The case, In re Cenveo, Inc. et al., Case No. 18-22178 (RDD), is pending before U.S. Bankruptcy Judge Robert D. Drain.

The Pryor Cashman Team

Leading the representation for Pryor Cashman are Partners Seth H. Lieberman and Patrick Sibley, and Associate Matthew W. Silverman, members of the firm’s Corporate Trust Practice and Bankruptcy, Reorganization and Creditors’ Rights Group.

In the past year, Lieberman, Sibley, and Silverman have represented indenture trustees and agents in several “mega” bankruptcy cases, including Walter Investment Management Corp., 21st Century Oncology Holdings, Inc., rue21, inc., Payless Holdings LLC and Vanguard Natural Resources, LLC.