Andrew Costello
Andrew Costello
Andrew Costello
Andrew Costello

Biography

Andrew is an associate in the Financial Restructuring and Insolvency group and is based out of White & Case's New York office. Andrew's practice focuses on creditor representations in out-of-court and in-court restructurings. In particular, Andrew has significant experience with unsecured and secured ad hoc groups, unsecured creditors committees, and liability-management exercises. Andrew also represents debtors, primarily in the cross-border context and in Chapter 15 proceedings.

Andrew maintains a significant pro bono practice. Recent representations include representing the prisoners of the Red Onion prison in their class action suit against the state, providing counsel for New York City residents in their divorce proceedings, working with the Legal Aid Society on their "Case Closed" project, and representation of a New York City student in their proceedings pursuant to the Individuals with Disabilities Education Act ("IDEA").

Experience

Select Debtor Representations

InterCement Participações S.A 
Represented InterCement Participações S.A., one of Brazil's largest cement manufacturers and distributors, in connection with InterCement's financial restructuring, including US$750 million of New York-law governed notes in Brazil, the Netherlands, Spain and the United States.

Americanas 
Represented Americanas, a leading Brazil-based retail group, in connection with its debt restructuring.

Light S.A.
Represented Light S.A. in its approximately US$2 billion restructuring centered in Brazil, including recognition proceedings in the United States and an ancillary scheme of arrangement in England.

Oi S.A.
Represented Oi S.A., one of Brazil's largest telecommunications companies, as international counsel in its financial restructuring, implemented through Brazilian recuperação judicial and related proceedings in the United States, England, the Netherlands, Portugal and the Cayman Islands.

The Hertz Corporation
Represented Hertz Global Holdings, Inc. and certain affiliates in their chapter 11 cases and global restructuring matters. Hertz completed its successful chapter 11 restructuring and its plan of reorganization became effective on June 30, 2021. This representation is one of the highest profile restructurings arising from the COVID-19 pandemic and one of the most successful chapter 11 and international reorganizations in recent history.

Select Creditor Representations

Ambipar Emergency Response
Representation of the Ad Hoc Group of Financial Creditors, who hold US$608.3 million of claims, in the chapter 11 case for Ambipar Emergency Response ("AER") and the chapter 15 cases of AER and certain of its affiliates in the United States Bankruptcy Court for the Southern District of Texas.

Office Properties Income Trust, Inc.
Represented an ad hoc group of bondholders that acted as the plan sponsor, debtor-in-possession lenders and secured creditors in Office Properties Income Trust, Inc.'s chapter 11 restructuring in the US Bankruptcy Court for the Southern District of Texas.

Ardagh Group
Represented an ad hoc group of unsecured noteholders of Ardagh Group in connection with a liability management transaction and restructuring.

Primalend Capital Partners, LP
Represented an ad hoc group of unsecured noteholders of Primalend Inc. in its chapter 11 cases in the US Bankruptcy Court for the Northern District of Texas.

Saks Global Enterprises
Represented an ad hoc group of seller noteholders of Saks Global Inc. in its liability management transaction and chapter 11 cases in the US Bankruptcy Court for the Southern District of Texas.

Puerto Rico Electric Power Authority
Representation of GoldenTree Asset Management, a holder of approximately $1 billion of bonds issued by PREPA, in connection with PREPA's ongoing restructuring proceedings under Title III of the Puerto Rico Oversight, Management, and Economic Stability Act ("PROMESA") in the United States District Court for the District of Puerto Rico.

Carvana
Represented an ad hoc group of creditors in Carvana's $5.7 billion debt exchange, a concurrent cash tender offer, an at-the-market equity raise, founder equity investment, and solicitation of consents to amendments of existing indentures.

New York
Juris Doctor
George Washington University Law School
Bachelor of Science
The George Washington University
English
Spanish

Service areas