Andrew Zatz

Partner, New York

Biography

Overview

Andrew Zatz is a partner in the Firm's Financial Restructuring and Insolvency Practice. Andrew has represented numerous debtors in chapter 11 cases, including Techniplas, LLC, Mesabi Metallics Company LLC (f/k/a Essar Steel Minnesota), and iGPS Logistics LLC. Andrew also frequently represents creditors and ad hoc creditor groups in connection with postpetition financings (LATAM Airlines, Dean Foods, GCX, LA Dodgers), asset acquisitions (Ice Energy, Fairway Energy, Rand Logistics, La Paloma Generating Company, Sundevil Power Holdings), chapter 11 issues generally (Neiman Marcus, White Eagle Asset Management, Gibson Brands, Breitburn Energy Partners, Energy XXI), and out-of-court restructurings (Salt Creek Midstream, other confidential matters). Andrew’s experience covers a range of industries (power, E&P, retail, travel, auto, telecommunications) and restructuring issues (including extensive chapter 11 litigation, acquisitions, securitization transactions, DIP financing, and out-of-court restructurings).

Bars and Courts
New York State Bar
US District Court for the Southern District of New York
Education
JD
Fordham University School of Law
BA
Tufts University
Languages
English

Experience

Representation of Techniplas, LLC, a global producer and manufacturer of plastic components in the automotive and transportation industries, and its affiliated debtors in their chapter 11 cases filed in the United States Bankruptcy Court for the District of Delaware on May 6, 2020.

Representation of an ad hoc group of bondholders in the chapter 11 cases of LATAM Airlines Group S.A. including in connection with litigation related to the Company's proposed DIP financing.

Representation of secured lenders of Southern Foods Group, LLC (formerly d/b/a Dean Foods) in connection with postpetition securitization facility and DIP facility.

Representation of ACP Thule Investments, LLC and Ice Bear SPV #1, LLC, affiliates of Argo Infrastructure Partners LP, in connection with the acquisition of substantially all of the assets of Ice Energy Holdings Inc. through a chapter 7 sale process.

Representation of ABL lenders in connection with the chapter 11 cases of Neiman Marcus Group LTD LLC.

Representation of an ad hoc group of lenders in connection with the comprehensive out-of-court restructuring of Salt Creek Midstream, LLC, a full service natural gas gatherer and processor.

Representation of CLMG Corp. and LNV Corporation, affiliates of Beal Bank, as the agent and lender, respectively, for a revolving credit facility with White Eagle Asset Portfolio, LP in connection with the chapter 11 cases of White Eagle and certain of its affiliates.

Representation of Riverstone Credit Partners in connection with providing postpetition financing for Fairway Energy Partners, LLC, a Houston-based midstream oil storage business, in the chapter 11 cases of Fairway and certain of its affiliates and ultimately purchasing all of Fairway’s assets through a section 363 sale.

Representation of secured lenders of GCX Limited in connection with DIP financing in GCX’s chapter 11 cases.

Representation of GSO Capital Partners in connection with the chapter 11 reorganization of Gibson Brands, Inc.

Representation of American Industrial Partners in connection with the pre-packaged chapter 11 case and acquisition of Rand Logistics, Inc.

Representation of Beal Bank in the acquisition of a natural gas-fired electric generating facility, located in McKittrick, California from La Paloma Generating Company, LLC in a chapter 11 sale under section 363 of the Bankruptcy Code.

Representation of the coordinating committee of senior secured lenders holding more than US$6 billion of indebtedness in the restructuring of Seadrill Limited, the world's largest offshore oil drilling company.

Representation of Mesabi Metallics Company LLC (f/k/a Essar Steel Minnesota) in connection with its chapter 11 restructuring, including obtaining approval of two separate DIP facilities.

Representation of Beal Bank in the acquisition of two of four 550 megawatt natural gas-fired power blocks of the Gila River Power Station located in Gila Bend, Arizona from Sundevil Power Holdings, LLC.

Representation of the Ad Hoc Group of Unsecured Senior Noteholders in the chapter 11 reorganization of Breitburn Energy Partners LP.

Representation of an ad hoc group of unsecured noteholders in the chapter 11 bankruptcy of Energy XXI, a Texas company focusing on oil and gas exploration with approximately US$2.5 billion in debt.

Representation of Beal Bank as the sole secured creditor of Duer Wagner III Oil & Gas, LP and its affiliates.

Represented the Ad Hoc Secured Group of LightSquared LP lenders in connection with the US$1.7 billion LP secured term loan facility.