Scott Greissman

Partner, New York

Biography

Overview

Scott Greissman is a partner in the New York office of White & Case's Financial Restructuring and Insolvency Practice.

Scott advises clients on a wide range of financial structuring and insolvency matters.

Scott focuses on representing agent banks, senior lenders, unsecured creditors, hedge funds and companies in large out-of-court workouts, distressed acquisitions and chapter 11 proceedings. In addition, Scott offers clients the benefit of his knowledge and experience negotiating and documenting distressed and nontraditional financing transactions. He has a significant track record, developing complex arrangements to safeguard his clients' interests.

Scott is recognized as a leading bankruptcy and restructuring lawyer by Chambers USA.

After graduating from law school, Scott gained valuable experience serving as law clerk to the Honorable Jerome Feller, United States Bankruptcy Judge for the Eastern District of New York.

Bars and Courts
New York State Bar
US District Courts for the Southern and Eastern Districts of New York
Florida State Bar
Education
JD
Hofstra University School of Law
BA
State University of New York at Albany
Languages
English

Experience

Coordinating Committee of Agent Banks and Export Credit Agencies
Representing coordinating committee of agent banks and export credit agencies representing holders of US$5.6 billion of senior secured indebtedness across 12 credit facilities in connection with the restructuring of the liabilities and obligations of Seadrill Ltd. and its affiliates.

Administrative Agent
Representing Deutsche Bank AG New York Branch, as administrative agent, under a US$2.9 billion credit facility to Mallinckrodt plc and its affiliates.

ABL Agent
Representing Deutsche Bank AG New York Branch, as administrative agent, under a US$900 million asset-based revolving credit facility in the chapter 11 cases of Neiman Marcus Group and its affiliates.

Bondholders
Representing holders of US$650 million Ship Mortgage Notes of Navios Maritime Holdings.

Secured Lenders
Representing the prepetition first lien secured lenders in the chapter 11 cases of New MACH Gen, LLC and its affiliates, owners and managers of natural gas-fired electric generating facilities.

Senior Secured Lenders
Representing senior secured lenders in the ongoing out-of-court restructuring and equitization of US$1.3 billion of secured indebtedness owed by, and recapitalization of, a Brazilian offshore oil and gas company.

Secured Lenders
Representing secured lenders under a bank vessel facility agreement in an original principal amount of US$150 million and undrawn revolving credit facilities for up to US$100 million with Floatel International Ltd. in ongoing restructuring negotiations.

Administrative Agent
Represented Coöperatieve Rabobank U.A., New York Branch, as administrative agent, of a US$850 million debtor-in-possession revolving credit facility and in connection with related securitization facilities in the chapter 11 cases of Dean Foods Company and its affiliates.

Secured Lenders
Represented secured lenders under Borr Drilling Limited's US$450 million bank facility and US$100 million bank facility in connection with the amendment of Facility Agreements which helped provide a total liquidity improvement of more than US$315 million.

Senior Lenders
Represented senior lenders in the restructuring and refinancing of a US$805 million revolving credit facility to dry-bulk and gas shipping company General Ore.

Ad Hoc Committee of Revolving Credit Facility Lenders
Represented the ad hoc committee of revolving credit facility lenders in the chapter 11 cases of the Pacific Drilling Group.

Coordinating Committee of Agent Banks and Export Credit Agencies
Represented coordinating committee of agent banks and export credit agencies representing holders of more than US$7.4 billion of senior secured indebtedness across 13 credit facilities in the 2017/18 chapter 11 cases of Seadrill Ltd. and its affiliates.

Senior Agent/Arrangers
Represented senior agent and arrangers in respect of US$900 million debtor-in-possession and prepetition senior secured financing in the SunEdison chapter 11 cases.

Senior Agent
Represented agent for senior lenders holding over US$500 million of secured loans in the out-of-court restructuring and chapter 11 proceeding of Primorsk International Shipping Ltd.

Agent and Steering Committee of Senior Lenders
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.

Senior secured lenders to TORM A/S
Represented the coordinating committee of senior secured lenders to TORM A/S in the out-of-court restructuring of approximately US$1.8 billion of TORM's senior secured indebtedness.

Deutsche Bank
Represented Deutsche Bank as lead arranger, administrative agent and co-collateral agent, in structuring and arranging a US$1.075 billion debtor-in-possession multijurisdictional asset-based credit facility, in the chapter 11 cases of Aleris International, Inc. and certain of its subsidiaries.

Pilot Travel Centers LLC
Represented Pilot Travel Centers LLC (a joint venture owned by Pilot Corporation and funds managed by CVC Capital Partners), as lender, in the US$100 million debtor-in-possession financing facility provided to Flying J Inc. in connection with Pilot's acquisition, out of chapter 11, of Flying J's core travel plaza and truck stop businesses, creating a company with a combined value in excess of US$5 billion.

Major League Baseball
Represented Major League Baseball in the Los Angeles Dodgers chapter 11 case, including in connection with a senior unsecured debtor-in-possession financing provided to the team and the sale of the team to new ownership in a US$2.15 billion transaction.

Awards and Recognition

Leading Lawyer: Bankruptcy/Restructuring – New York, Chambers USA 2020

International Company Turnaround of the Year – Seadrill, Turnaround Management Association Awards, 2019