Andrew C. Ambruoso | White & Case LLP International Law Firm, Global Law Practice

Andrew C. Ambruoso

Counsel, New York

Overview

Andrew Ambruoso is a counsel located in New York in White & Case's Financial Restructuring & Insolvency Practice. Mr. Ambruoso's practice covers a wide range of financial restructuring-related matters with a focus on representing agent banks, creditors, hedge funds and companies in large out-of-court workouts, distressed acquisitions and chapter 11 proceedings.

Upon graduating law school, Mr. Ambruoso served for two years as law clerk to the Honorable John C. Ninfo, II, Chief Judge, US Bankruptcy Court for the Western District of New York, and Senior Judge for the Bankruptcy Appellate Panel of the US Court of Appeals for the Second Circuit.

Bars and Courts

  • US Supreme Court
  • US District Court for the Southern District of New York
  • US District Court for the Western District of New York
  • US District Court for the Western District of North Carolina
  • US Bankruptcy Court for the Southern District of New York
  • US Bankruptcy Court for the Western District of New York
  • New York State Bar
  • District of Columbia Bar
  • North Carolina State Bar

Education

  • JD, Syracuse University College of Law
  • MA, Economics, Maxwell School of Citizenship and Public Affairs, Syracuse University
  • BA, University of Wisconsin–Madison

Languages

  • English

Experience

Texas Competitive Electric Holdings (TCEH)

Represented Deutsche Bank as Lead Arranger for a US$4.25 billion of senior secured DIP "roll-to- exit" credit facilities to Tex Energy, successor to TCEH.

LightSquared

Represented the Ad Hoc Secured Group of LightSquared LP lenders in connection with the successful restructuring of a US$1.7 billion LP secured term loan facility pursuant to a confirmed plan of reorganization as well as certain lenders providing $700 million in various DIP facilities to the debtors during their chapter 11 cases.

Visteon Corp.

Represented the lead consortium of bondholders in Visteon Corporation's (one of the world's largest suppliers of automotive parts) successful emergence from chapter 11 after restructuring US$2.7 billion in debt obligations through a "toggle" plan of reorganization that included a US$1.25 billion equity rights offering and a US$700 million exit financing facility.

K-V Discovery Solutions

Represented Deutsche Bank's Distressed Products Group as a plan sponsor and investor in K-V's successful emergence from chapter 11 after restructuring US$570 million in debt obligations through a plan of reorganization that included a US$275 million equity rights offering and a US$100 million exit financing facility.

General Maritime

Represented Nordea Bank, as agent, and the steering committee of senior lenders, in connection with the chapter 11 reorganization of General Maritime Corporation, including a US$75 million debtor-in-possession financing facility and the restructuring of US$1.385 billion of senior secured indebtedness.

Trump Entertainment

Represented Beal Bank, as holder of US$500 million in first-lien debt, in its pursuit of a jointly sponsored plan of reorganization with the Debtors.

Essar Steel Algoma

Represented Deutsche Bank as agent and lender under a $220 million DIP facility and $100 million prepetition ABL facility.

Erickson Air-Crane

Represented Deutsche Bank as a lender under a $190 Million DIP facility (1st Lien “creeping roll-up”/2nd Lien junior liquidity) and prepetition 1st lien ABL facility.